Test Your Knowledge: Compensation Trends Quiz
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Buyer's Guide To HCM And Payroll Technology
An HCM platform is the foundation of your business, and choosing the technology is one of the most important decisions you'll make.
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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
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...
How to Ensure Your Compensation Management Program Is on Target
Having a healthy, competitive employee compensation program can improve existing employee morale and also make attracting top talent a breeze. Compensation data that’s in line with your competition can give your hiring managers important information they’ll need when making a job offer to a candidate (this applies to raises and bonuses as well). Additionally, it can help your company remain compliant with Fair Labor Standards Act (FLSA) regulations when you can easily show that equitable compensation is paid across the board.So, how’s your compensation management program looking? If your answer is, “I don’t really know” or “We don’t have one,” keep reading. What is Compensation Management? Compensation management is how companies ensure...