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

View More People Management

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.

Webinar: October Web Summit - 5 Steps to Become a Strategic HR Leader

Webinar: October Web Summit - 5 Steps to Become a Strategic HR Leader

Enterprise growth requires executive leadership involvement to change the culture, focus, or services of an organization. To be successful, the growth strategy must focus on many things at once, including people. Every aspect of the organization has to work together, and here’s where HR is crucial. Whether it’s a new product, or a shift in competitive focus, HR is intrinsic to helping the company stay competitive.In order to drive growth and achieve optimal business results, HR and the leadership team must be on the same page with open lines of communication—which can be easier said than done. During this webinar, we’ll share proven tips and tricks to becoming an action-oriented, strategic HR leader. We’ll detail a 5-step process to help...

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

HR Metrics Cheat Sheet

HR Metrics Cheat Sheet

The answers to HR’s most pressing business problems—everything from troubleshooting a recruiting pipeline to predicting labor costs, overtime and turnover—are in their company’s HR, payroll, ATS and time systems. But HR professionals are constantly fighting an uphill battle. They aren’t data scientists and they often lack the support, resources and budget needed to make sense of the data, let alone measure its financial impact. The ONE THING high-performing HR teams do differently. Paycor reviewed proprietary data from nearly 3,000 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...

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.

Hiring Independent Contractors: Are They Right for Your Business?

Hiring Independent Contractors: Are They Right for Your Business?

In today’s booming gig economy, it’s becoming more common for businesses to hire freelancers or contract workers instead of employees to supplement their existing workforce. Independent contractors can be brought on to fill just about any role within a company, from janitorial services to members of the C-suite. Here’s the unique distinction: Independent contractors are self-employed and not considered a full-time employee of your company. The pros and cons of hiring independent contractors While this makes hiring freelancers attractive – knowing that the business is not responsible for additional overhead and equipment, payroll taxes, or benefits – you’ll also find some challenges and potential pitfalls that should be faced when you...

SaaS Payroll: 6 Tips to Find the Perfect Solution

SaaS Payroll: 6 Tips to Find the Perfect Solution

Software as a Service (SaaS) is the term used for software that’s delivered and used totally online or in the cloud.As more businesses turn to online solutions to manage their workflows, do accounting, etc., it should be no surprise to see that payroll processing is no exception. From tax-filing and employee self-service to data security and compliance management, SaaS payroll automates routine tasks and ensures accuracy, so business leaders can focus on what really matters, improving the bottom line.If you’re in the market for an online payroll system, you’ll need a sharp eye to find the perfect match for your organization. Keep in mind, not all payroll software is created equal. Whether you want to go with a bare-bones solution or you’...

How to Calculate Imputed Income for Domestic Partner Benefits

How to Calculate Imputed Income for Domestic Partner Benefits

When is a domestic partner treated like a spouse? If one of your employees gets married, their spouse is entitled to some tax-free benefits offered by your company; health insurance is the primary one. If, however, that same employee is in a domestic partnership, no such luck… with one exception. If the domestic partner can also be claimed as a tax dependent on the employee’s income taxes, they’re treated like a spouse. To qualify as a dependent, the domestic partner must live with the employee full-time, have gross income of $4,150 or less, and receive more than half of their total financial support from the employee.What is imputed income? If you determine that domestic partners don’t qualify as a dependent and they receive health...

Employee Experience

View More Employee Experience

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...

How to Create the Ideal Employee Experience

How to Create the Ideal Employee Experience

All companies covet an engaged, motivated workforce. When your people are engaged, they don’t behave like an average employee. They’re more like committed volunteers devoted to a mission, always seeking new opportunities to boost morale and make a difference. It’s no surprise then that, according to DecisionWise, in 2017, 73% of executives said employee engagement was a top concern. Yet Gallup’s annual survey of engagement continually finds that only 1/3 of employees are engaged at work. Most (51%) are not engaged and, even worse, 16% are actively disengaged. With so many companies focused on engagement, why don’t we see better results?A primary reason is that not all companies focus on the employee experience. Everything from onboarding...

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.

The Turnover Crisis in Restaurants

The Turnover Crisis in Restaurants

An Action Plan for Owners and Operators Restaurants across the country are experiencing high volumes of turnover at an alarming rate. In 2016, turnover exceeded 70% for the second consecutive year, and the turnover rate in the fast-food industry reached 150%, the highest since data was first captured in 1995*. With record numbers of restaurants and more jobs to choose from, employees are willing to take risks to find the right fit.The demand for restaurant workers isn’t going away, so it’s critical to find the right HCM provider who can help solve your HR challenges with the right combination of technology and expertise.More than 3,000 restaurants across the country depend on Paycor to help onboard new hires, pay them accurately and...

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...

Automated Payroll, Onboarding and Timekeeping Helped Royal Chemical

Automated Payroll, Onboarding and Timekeeping Helped Royal Chemical

Discover how Royal Chemical, a contract manufacturer, used Paycor solutions and customer service to eliminate manual onboarding, timekeeping and payroll. Paycor also provided real-time analytics and custom reporting, simplifying a once complex process for HR.

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 Impact of Hiring Contingent Workers

The Impact of Hiring Contingent Workers

Economic times continue to be challenging, and employers are faced with determining new ways to manage their workloads, their workforces and their labor costs. With the gig economy in play, more and more companies are looking to hire freelancers, consultants or other types of outsourced workers to share the load and reduce the cost of doing business, such as skyrocketing health care premiums.Organizations such as Macy’s, JC Penny and many other retailers have taken advantage of contingent workers during the seasonal holidays for decades, and it’s paid off big time for their bottom lines. However, in order to know whether this strategy is advantageous to your businesses you must first understand both the positives and the negatives of...

Text Recruiting: Connect Quickly with Candidates

Text Recruiting: Connect Quickly with Candidates

With low unemployment rates and job openings on the rise, recruiters and HR professionals need all the help they can get to win the race for top talent. Text recruiting is one tool that many are using because it immediately (and literally) puts job postings in the palm of candidates’ hands.There’s no denying that the way we communicate has changed. People rarely answer their phones anymore and you’re lucky if you get a reply to an email. But texting is another thing… it’s hard not to look when your cell starts to chirp or vibrate. In fact, a recent Deloitte survey found the average U.S. consumer checks their phone 52 times a day!Which makes integrated candidate texting a must have for any HR pro using an applicant tracking system (ATS)....

HR

Ban the Box: State-by-State

Ban the Box: State-by-State

One in Three American Adults Have a Criminal History In the past, having a criminal history prevented some potentially great job candidates from being hired, regardless of how long ago the crime took place, how minor the infraction was, or how good of a fit they might be for the role. When you consider that an estimated 70 million Americans—one in three Americans who are of working age—have some kind of criminal history, it’s not difficult to understand how requiring a squeaky-clean record could become problematic for some jobs. Even People Without Convictions Can Be Discriminated Against Many criminal background checks fail to distinguish between someone being arrested or charged and actually being convicted. Potential employees are...