For our HR & Benefits Technology Partners: The State of American Business in 2021
benefits broker survey

For our HR & Benefits Technology Partners: The State of American Business in 2021

Paycor surveyed 2,600 leaders of medium and small businesses (your clients and prospects) to find out what they are thinking at the close of the year and how they’re planning for 2021. Paycor delivers these insights to our broker partners to help you better understand what your clients need from you at this critical moment. Here’s an executive summary of the report. For more, click on the download button at the bottom of the page.

Part 1: Benefits

A majority of your clients and prospects (86%) are concerned about mental health in the workplace, but nearly half (45%) are “not sure” how benefits can address these concerns.

Part 2: The Finance/HR Relationship

Roughly 40% of respondents agreed that HR and Finance are working more closely together as a result of the pandemic. However, HR tends to believe their work is contributing more to the bottom line than Finance does.

Part 3: Remote Work

At the close of the year, we see a large minority (44%) of companies describing the transition from office to remote as a primary focus. Thirty percent of respondents say their remote teams are actually more productive than they were in the office.

Part 4: Compliance

A majority of your clients and prospects (60%) predict their business will be more concerned about compliance in the next 12 months.

For more insights into what your clients and prospects are planning for the new year, download the full report.

Understand What Your Clients Need In 2021

More to Discover

5 Tips for Developing Company and Employee Objectives

5 Tips for Developing Company and Employee Objectives

If you’ve ever Googled “What’s an OKR?” you’re not alone. OKRs mean objectives and key results and they’re becoming a very popular way for business leaders to get everyone on the same page. By making your organization’s OKRs visible and transparent, employees get a better sense of how they can contribute. And the more they understand the overall impact they make, the more engaged they’ll be.But setting organizational objectives isn’t easy. You have to take into consideration internal factors such as financial resources and human capital as well as external factors such as competitors, demand for the products, and the economy. You’ll also want to encourage employees to set their individual objectives by aligning their contributions to the...

TECH+ 2021: Executive Summary

TECH+ 2021: Executive Summary

Paycor hosted TECH+, our annual national partner conference on Feb 1st and 2nd and this year, the event was virtual. As always, TECH+ brought together benefits brokers, financial advisors and HR consultants for two days of learning, insights and strategies designed to improve business development and client retention. View the sessions on-demand, here.Here are 11 key takeaways: #1: Transparency, Technology and Data Analytics are Transforming Employee Benefits Benefits teams are in the spotlight now that American business is undergoing a “revolution in caring.” Business leaders are focused on making improvements: 61% focused on improving health and well being 55% focused on improving employee satisfaction and engagement 49% focused on...

Tuition Reimbursement Program Options for Small Businesses

Tuition Reimbursement Program Options for Small Businesses

An employee tuition reimbursement or assistance program isn’t just “nice to have”, it’s one of the building blocks of a successful benefits strategy, helping you attract, retain and develop top talent. More than half of employers operate some kind of tuition assistance program, according to a recent SHRM survey. Don’t think this only applies to big businesses—there are options for those operating on smaller budgets too. How do Tuition Reimbursement Programs Work? When funding employee education programs, employers have too options. First, tuition assistance: providing funds up-front and without conditions. Alternatively, businesses can offer tuition reimbursement, i.e., only releasing funds when recipients hit certain goals, like...

Case Study: Midwest Security Services

Case Study: Midwest Security Services

Midwest Security Services needed an HCM company who could provide accurate payroll and tax withholdings. They chose Paycor. “The experience of using Paycor’s payroll is clean and easy—and that’s something I need. There’s a lot more follow-up and communication. If I have a request for a new garnishment or there’s a change, I get emails at every step of the way from Paycor. I don’t have to wonder if something was taken care of because I receive confirmation notices. It’s great.” - Shelly Mize, head of HR, Midwest Security Services Prior to Paycor Based in Kettering, Ohio, Midwest Security Services develops security solutions for schools, hospitals and corporations including video surveillance, access control systems, fire alarm and...