HR and Payroll Partner Requirements Checklist

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Video: Paycor Time Product Overview

Video: Paycor Time Product Overview

Accuracy between time and payroll is no longer a nice to have—it’s a must have. Managers don’t have time to manually enter hours worked or re-key employee information every pay period. Manual data entry can lead to unintended errors and compliance issues.Paycor’s Time solution makes labor management both time and cost effective. Our solution allows employers to not only track hours worked, but create schedules, manage requests and stay on top of labor distribution. With our smart and intuitive processes and error notification, employers can gain ultimate efficiencies and correct time discrepancies, immediately saving organizations time and money.With our flexible mobile application, employees can clock in and out, manage their schedules...

Leap Year Payroll: How to Handle 27 Pay Periods

Leap Year Payroll: How to Handle 27 Pay Periods

If you pay employees bi-weekly, you normally have 26 pay periods a year. But 2020 brings you an extra one—thanks, leap year. True, an extra pay period isn’t exclusive to leap years, sometimes it just depends on which day of the week you pay your employees. But regardless of when it occurs, it can cause headaches for HR and payroll administrators who aren’t prepared.There are a few ways to approach a 27-pay-period year, but the most important thing is to communicate your plan to your workforce. Make sure they understand what to expect so there aren’t any surprises surrounding their paychecks. How to Pay Employees During a Year with 27 Pay Periods Option 1: Everyone gets an extra paycheck. Woo-hoo! The extra paycheck would be for the same...

HR Statistics You Need to Know for 2020

HR Statistics You Need to Know for 2020

The world of human resources is constantly evolving. With the introduction of “gig” jobs like Uber and high-tech advancements, employees have more power than ever. There's a new desire to find a balance between work and life.There are more job openings than candidates. And opportunities to change jobs are abundant. Workers have less reason to rely on and remain loyal to their employers. Especially if their employers don’t offer employees what they want.With 2020 right around the corner, we’re looking at the stats and trends we’ve seen in human resources, hiring, and workplace culture. The future is here. So, it’s important to understand the current climate and be ready. General HR Trends and Statistics Candidates moving through the...

The Turnover Crisis in Retail: An Action Plan for Owners and Operators

The Turnover Crisis in Retail: An Action Plan for Owners and Operators

When examining turnover rates by industry, retail rises to the top. In 2018, the average retail turnover rate eclipsed 60%, with employees citing better opportunities, promotions, pay raises and a desire for more hours as top reasons for leaving. Retailers have constantly battled turnover for years, but it’s become especially problematic during the holiday season when employers enter into an arms race to fill jobs. The Negative Effects of Turnover Human Resources Today found that retail turnover translates into more than 230 million days of lost productivity and $19 billion for recruiting, hiring and training expenses. And when consumers visit a brick and mortar store, many are looking for a true shopping experience. But when employees...