More than ever before, the C-suite is recognizing HR as a differentiator and a competitive advantage. To help HR professionals extend their reach and unlock their potential, Paycor created the HR Center of Excellence. Based on data and insights from more than 30,000 clients, the HR COE provides HR and finance professionals the advice, inspiration and actionable plans they need to make a real difference in their organizations.

The candidate you're dying to hire and that top performer you need to retain expect and demand more. The most successful HR teams leverage a modern, tailored benefits experience as a competitive advantage to attract and retain top talent.

HR

The HR Playbook: Reduce Turnover with Employee Benefits

The HR Playbook: Reduce Turnover with Employee Benefits

You know benefits are important to employees, but you might be surprised how big of an impact they actually have on employee turnover. After analyzing data from more than 30,000 medium and small businesses nationwide, Paycor discovered that as organizations add benefit plans, there is a significant decrease in turnover.In fact, organizations that offered the right mix of benefits saw turnover decrease 138%.The key is finding that right mix of benefits. Different generations want different things, and designing a benefits plan that fits a multigenerational workforce isn’t easy, but worth it in the long run in order to retain and attract talent.And that’s just the beginning. There are several factors to consider when designing competitive...

Open Enrollment Benefits Assessment

Open Enrollment Benefits Assessment

Design the perfect open enrollment in 4 clicks. Take our interactive assessment, below, to see where you stand! (content will load shortly) Content loading... Please enable javascript!

HR

Are Domestic Partner Benefits Mandatory?

Are Domestic Partner Benefits Mandatory?

A Brief History: Only What You Need to Know The roots of domestic partner benefits stretch way back to 1982, when the City of San Francisco enacted legislation to offer health insurance coverage to the same or opposite sex partners of its unmarried employees. “Domestic partner” soon became the official legal term used by insurers and private and public employers.Also, in 1982, New York City newspaper The Village Voice became the first private employer to offer domestic partner health care benefits. Many other companies and municipalities followed suit. Fast forward to more than 30 years later when, in 2015, the United States Supreme Court ruled that domestic partner benefits apply to both same-sex and unmarried opposite-sex couples....

People Management

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Manual processes and paper-based systems are the enemy of effective, modern people management. The more time HR can devote to the strategic (and measurable) aspects of people management, the better off everyone will be.

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...

HR

Is Holiday Pay Mandatory In Your State?

Is Holiday Pay Mandatory In Your State?

The FLSA Only Requires Employers to Pay for Time Worked Unlike most of the European Union, the United States has no federal law requiring private companies to pay for national holiday time off (by law, all employees in the EU also get a minimum of 28 paid vacation days). The Fair Labor Standards Act (FLSA) requires an employer to pay its employees only for time worked. This means that if an employee takes the day off for Christmas, you don’t have to pay them for time not worked. But Most Employers Offer Paid Holidays In practice, though, most private sector employers in the US give their employees the day off for national holidays, or they pay them time-and-a-half for working on the day. Some companies also offer a floating holiday,...

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...

Compliance can be a stressful topic. If all goes well, HR rarely gets credit for avoiding a problem. But if things go poorly, HR gets the blame. To stay ahead of the curve and learn how to manage your risk, read our industry-defining thought leadership on ACA, EEOC, DOL and much more.

4 Common Payroll Mistakes and How to Fix Them

4 Common Payroll Mistakes and How to Fix Them

Overtime Pay, Pay Equity, Workers’ Comp, Payroll Taxes Topics Covered Missclassifying Employees Pay Equity Workers' Comp Payroll Taxes Dump Your Payroll Provider Payroll Compliance: More Complex Than You Think From FLSA, EPA, Workers Comp and more, there are lots of federal laws to keep track of, and state and local taxes only add complexity. That’s why HR and business leaders need to have processes in place to consistently apply pay policies, accurately calculate overtime and streamline leave policies. If you don’t and your company is audited or sued, you won’t have the proper controls in place to quickly provide accurate records and audit trails. Here are four common Payroll mistakes you might be making: Misclassifying Freelancers and...

The Role of HR in Risk Management

The Role of HR in Risk Management

HR Risks Covered:Recruiting Interviewing Drug Testing Background Check Employee Handbook Paying Employees Wage and Hour PenaltiesPay EquityHarassment PolicyTermination Where Are You Most Vulnerable? Tightrope walkers are kind of like human resource managers.You have big, long term goals and you want to make a difference. Yet day to day, you step carefully, balancing the complexities of the workplace.We love to talk to HR professionals about their strategic goals – for inspiration, check out Unlock the True Power of HR.In this article, however, we’re focusing on another aspect of your job: risk management, or risk balancing. We’ll walk you through some (certainly not all!) of the most common risks HR professionals need to balance...

I-9 Compliance: How to Verify Remote Employees

I-9 Compliance: How to Verify Remote Employees

What is Form I-9? The I-9 is a government form filled out by an employee to confirm their identity and verify they are legally able to work in the United States. It’s also known as an Employee Eligibility Form.The form dates back to 1986 during the Reagan administration, which passed the Immigration Reform and Control Act (IRCA). It was created by the United States Citizenship and Immigration Services (USCIS), a division of the Department of Homeland Security (DHS). Part of the act makes employers legally responsible for verifying whether their employees can legally work in the United States. Why is an I-9 required? In addition to being used to verify employment eligibility, Form I-9 as well as the IRCA are used to attempt to reduce...

Employee Experience

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If employees feel a connection to your organization and they can see a future for themselves there, they're far more likely to be engaged. And engaged employees are critical to the success of your company. Learn more about how to build and sustain a culture of engagement.

Achieving HR Excellence

Achieving HR Excellence

McKinsey found that the typical HR department still spends 60% of their time on transactional human resources. In today's world of dynamic and constant change, that just won't do.Why not?For starters, you can't recruit and retain top talent if you spend most of your time keying new hire data into payroll or processing administrative tasks.You can't discover new insights about how labor costs are affecting your bottom line if you're too busy manually tracking time and attendance.You can't optimize benefits for a multigenerational workforce if you're stuck hand-holding employees through open enrollment.Get to the next level of HR with a combination of technology and expertise.For nearly 30 years, Paycor has helped medium and small...

Webinar: October Web Summit - Synergy in the Workplace

Webinar: October Web Summit - Synergy in the Workplace

Everyone has a right to dignity and respect—but we sometimes lose focus of this, even in the workplace. When employees share a common understanding of the right ways to interact with and treat one another, employee synergy and business performance increase substantially.During this webinar we’ll explore the basic pillars of workplace behavior, how to encourage them, build a culture of civility champions and spend time reaping the benefits instead of fighting a retention problem.Speaker: Jamie BiermanJamie brings 13 years of strategic HR experience in retail, manufacturing and commercial organizations. She has focused on managing leadership development, coaching & training programs, performance management and strategic planning, as...

Employee Efficiency: 12 Tips to Increase Productivity

Employee Efficiency: 12 Tips to Increase Productivity

Disengaged Workers Generate Losses, Not Profits Labor costs are the number one expense for most businesses, so it’s important to make sure you’re getting the most bang for your buck. Disengaged workers cause massive losses in productivity – between $450 and $500 billion annually.You’ve Heard it a Thousand Times: Culture Affects Productivity Businesses that want their companies to prosper should focus their efforts on employee well-being and engagement to improve efficiency. It is also just as vital to look at ways to improve the overall company culture to help make everyone more productive.Looking to enhance the efficiency of your employees? Check out these tips you can implement today: 1. Consider allowing employees to work from home...

Labor Costs

View More Labor Costs

HR plays an important role in leading the C-suite’s thinking on how to optimize labor costs. To create your own action plan, explore our resources on this critical topic.

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...

The Future of HR

The Future of HR

Paycor asked 500+ CEOS, CFOs and HR executives about their human resources challenges, the impact of artificial intelligence and big data and their priorities over the next few years. We compiled the results and are sharing the findings and key takeaways in our report, The Future of HR. Here’s a sneak peek. 45% of Human Resources Professionals Are Concerned About Recruiting & Retention With unemployment at an all-time low, companies are being forced to up their recruiting game or risk missing out on top talent. But it’s not just about attracting employees. The average worker will change jobs at least 12 times throughout their career, which puts pressure on HR to engage, train and develop talent so they’ll never want to leave. This is...

Webinar: October Web Summit - The Data you Need to Know to Win Over the CFO

Webinar: October Web Summit - The Data you Need to Know to Win Over the CFO

Paycor reviewed proprietary data from nearly 30,000 customers and found that many standard HR and recruiting metrics are tactical, in that they track project management, or, at most, basic dollar-in, dollar-out cost analysis. The most successful HR teams map people management metrics to business outcomes. And that gets the C-suite to pay attention.Paycor’s Tim Ruge will analyze the critical HR metrics that matter to the C-suite, so they can see HR in a brand new light. Plus, he’ll provide some tips to start benchmarking and implementing these metrics.Speaker: Tim RugeTim Ruge is Paycor’s Director of Product Marketing, focusing on the HR Center of Excellence and various compliance topics. Since joining Paycor in 2012, Tim has helped...

Competition for talent is fierce and recruiting is a fast-paced game. And yet, if you move too fast, the cost of a bad hire can be substantial. The good news is, you can win the recruiting game with the right combination of technology and expertise.

The 7 Most Important Recruiting Metrics

The 7 Most Important Recruiting Metrics

Good data is the key to driving any good business decision, and the area of talent management is no exception. But with so much information to analyze, how do you know what it is you really need to know? Seven recruiting metrics that matter When it comes to recruiting, here are the seven metrics that should matter to HR professionals. Time-to-Fill Are your recruiters performing at a high level? Do you need to make improvements to your overall process? Time-to-fill tracks the number of days it takes to fill a job, from posting a job req to when a candidate accepts your offer. Time-to-fill can reveal important things about the effectiveness of recruiters and your overall recruiting process, including: if the hiring process is taking too...

Are Your Job Descriptions Driving Away Talent with Unconscious Gender Bias?

Are Your Job Descriptions Driving Away Talent with Unconscious Gender Bias?

Gender Discrimination in Job Descriptions Can job descriptions be sexist? Put another way: can the words we choose to describe jobs send the wrong message to female candidates? A great deal of academic research has gone into answering these important questions. Here’s what you need to know. Despite Progress, Women Are Still Blocked in the Workplace Not long ago, the business world was completely male-dominated. Executive suites, corner offices, and mid-to-upper-management positions were simply out of the question for women. Those women “lucky” enough to hold professional business positions were only allowed to do so in the most basic capacity, fulfilling stereotypical roles that the “working man” had deemed appropriate. Slowly but...

Interview Scorecards And Scheduling Tools

Interview Scorecards And Scheduling Tools

Interview Guides and Scorecards Paycor Recruiting’s Interview Guides and Scorecards improve new hire quality by allowing you to better prepare your team for interviews while also automating how you collect their feedback along the way. Interview scorecards help your team evaluate talent and predict the best hires in a variety of ways. Paycor Recruiting’s tools allow you to take a more strategic approach to hiring. Recruiters can better prepare their team for interviews and automatically gather hiring manager feedback. HR Directors can promote consistency in the hiring process and drive data-based hiring decisions. Executives can mitigate the risks of a bad hire and reduce turnover. Recruiters Improve interview skills Accelerate decision...