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There’s never been a better time to be in HR. There’s so much to learn and so many exciting trends to follow. Here you’ll find our best thinking on the HR, finance, compliance and technology topics that will define the future of work.
Benefits Administration: A Guide for HR Leaders
Why Employee Benefits Matter Believe it or not, your benefits package can have a serious impact on your ability to recruit, engage and retain talent. Hard to believe? It shouldn’t be. SHRM reports more than 50% of U.S. job candidates say benefits are among their top considerations before accepting a job. That’s why selecting the right benefits package is one of the most important things you’ll do for your employees over the life of your business. Choose the right benefits and your employees might never want to leave. Offer the wrong ones… you might as well install a revolving door. Businesses that get benefits right reap big rewards. Whether you’re aiming to boost your employees’ overall performance or you’re looking to improve...
Mental Health in the Workplace: 5 Ways Employers Can Make a Difference
The effect of mental health on workers—and the workplace—is staggering. Just consider the statistics: 1 in 5 US adults experience mental illness each year (National Alliance on Mental Illness) Up to 80% will manage a diagnosable mental health condition during their lifetime (National Institutes of Health) In fact, 60% of American workers experienced at least one symptom of a mental health condition in the past year (Mind Share Partners) However, only 43.3% of US adults with mental illness actually receive treatment (National Alliance on Mental Illness) The results are stark: 200 million work days are lost per year (Centers for Disease Control and Prevention), while the World Health Organization estimate the cost to the global economy at...
Mobile Payroll App Pros and Cons
Mobile applications, also called mobile apps or just apps, are computer programs that are designed to run on mobile devices such as iPhones, Android devices, tablets or smart watches. Apps are typically downloaded from distribution platforms such as Apple’s App Store or Google Play Store for Android devices. They were originally pretty basic tools mainly created to assist with productivity such as email and calendar apps, but the functionality became highly popular. Now literally millions of apps are available, including apps for mobile payroll.The first basic payroll self-service app came out in 2010. Over the past decade, and with advances in technology, employees can now access far more than just their pay stubs with a tap of the...
Coronavirus: Unemployment Rates By State
Historic Unemployment Claims As more COVID-19 regulations are passed and businesses temporarily close their doors, the U.S. is seeing historic weekly unemployment benefit claims across all 50 states. In fact, the previous two weeks have seen nearly 9 million unemployment claims. According to the U.S. Bureau of Labor Statistics, roughly 5.6% of the U.S. civilian labor force has applied for unemployment benefits—as of March 28—which is higher than the peak unemployment of the Great Recession at 4.8%. Unemployment Rates By State State Unemployment Claims (Ending 3/28/20) State Unemployment Rate* Alabama 80,186 4.2% Alaska 14,523 7.5% Arizona 89,064 3.1% Arkansas 26,944 3.1% California 878,727 6.5% Colorado 60,784 2.6% Connecticut 33,182...
Emergency Sick Leave for Childcare: What Employers Need to Know About FFCRA
The Families First Coronavirus Response Act (FFCRA) is a big part of the government response to the current public health crisis, offering emergency sick leave and paid family medical leave to those affected by Coronavirus. Take a look at our guide on managing employee leave scenarios.The FFRCA doesn’t just apply to employees who are directly affected by the virus—those who are infected, caring for the infected or quarantined. It also puts in place measures for the parents or guardians of children whose schools or day care facilities are closed due to the pandemic.These measures will apply from April 1, 2020 through December 31, 2020. How Does the FFCRA Work for Parents? If an employee has been on payroll for at least 30 days and cannot...
Coronavirus Aid Relief & Economic Security Act: What SMBs Need to Know
On March 27th, the Coronavirus Aid Relief and Economic Security Act (CARES Act) was enacted to provide financial relief to those impacted economically as a result of the Coronavirus pandemic.Paycor is waiting for additional guidance from the IRS and the Department of Labor to determine how we can best support our clients. We will communicate more information once guidance becomes available.The CARES Act keeps in place the credits established in the Families First Coronavirus Response Act, enacted March 18, 2020. View an infographic with the details here. Below is a list of additional details released as part of the CARES Act. Advance Payment of Payroll Credit Under the CARES Act, employers could get the payroll tax credit in advance....
Families First Coronavirus Response Act: Tips to Manage Employee Leave Scenarios
Coronavirus Response Act On March 18 the Families First Coronavirus Response Act was enacted to help individuals, families and businesses. The legislation requires employers with under 500 employees to give sick leave and paid family medical leave to eligible employees.Eligible businesses are now able to take advantage of new tax credits to offset the costs associated with paid emergency leave and sick leave benefits implemented under the bill, including credit for health plan expenses affiliated with the new leaves. Below is a list of scenarios your employees may experience during this time. Scenario 1 A full time employee is sick and believes they might have COVID-19. The employee is visiting a doctor to seek a medical diagnosis and...
Late Breaking News: Government Approves Remote I-9 Review Due to COVID-19
Form I-9 Review: Key Details On Friday March 20, 2020, the Department of Homeland Security (DHS) announced it would relax its standards for I-9 document verification amid the coronavirus outbreak.Employers with employees taking physical proximity precautions due to COVID-19 will not be required to review the employee’s identity and employment authorization documents in the employee’s physical presence. This provision only applies to employers and workplaces that are operating remotely. If there are employees physically present at a work location, no exceptions are being made at this time to review and verify documents in person. Remote Inspections Employers taking physical proximity precautions must inspect the physical documents...Recruiting
The “Everything You Need” Hiring Toolkit
Hiring is hard enough. This is especially true if you don’t have the right recruiting tools and templates in place. To help make things easier, we created the toolkits below to help you standardize and templatize a few key pieces of your recruiting process. Use these free HR templates and recruiting resources below to prepare your team for successful hiring and ensure you’re up to speed with best practices for effective recruiting. Why Hiring is Hard If you’ve found your way to this page, chances are that you’re looking for a way to make your day to day recruiting a little easier. Recruiting is difficult for many reasons. One of the biggest is that there are so many people and pieces in the hiring process to manage: Hiring managers...Recruiting
Shaping Company Culture to Attract Millennials
As Baby Boomers Retire, Millennials Step Up Generation Y, aka the Millennial Generation, includes people born between 1980 and 2000. We’ll do the math for you: millennials are currently between 19-39 years old.According to AARP, 10,000 Baby Boomers are reaching retirement age every day, and this is expected to continue into the 2030s.As Baby Boomers leave the workforce, wide talent gaps are opening up within companies.However, the generation waiting to fill these roles is much different than their predecessors. Millennials have particular tastes and preferences in regards to company culture. Recruiters and hiring managers must keep-step with the millennial generation to fill their organization with these innovative and inspired...Recruiting
8 Steps to Choosing the Right Applicant Tracking System
Choosing an applicant tracking system should be an exciting endeavor, not a daunting task. To free you from the time and stress often associated with selecting a new ATS, we have developed a quick and comprehensive outline of the critical points that you need to hit on while going through your selection process. Step 1: Know the difference between Applicant Tracking Systems for employers & Recruiting Software for external agencies Applicant Tracking Systems for Employers – Designed for HR and recruiting to manage and organize internal hiring processes. These systems maintain the one to one relationships between an employer’s candidates and the internal staff that interviews them. Recruiting Software for Agencies – Used by recruiting...Recruiting
Tracking Applicant Flow Data for OFCCP Compliance
With the Right Applicant Tracking System, Managing Applicant Flow Data is a Breeze Federal contractors and subcontractors must adhere to a variety of OFCCP regulations. There is a significant amount of information that you must keep track of and be able to report on in the event of an audit. To maintain all of this information, the OFCCP recommends that employers systematically and consistently record “applicant flow data.” So, What Exactly is Applicant Flow Data? Applicant flow data is essentially all of the information needed by auditors to conduct an adverse impact analysis. This information is captured by employers through the use of an applicant flow log (AFL). An applicant flow log contains information regarding which jobs were...
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Paycor has what might seem at first glance to be an unusual perspective on HCM technology. After nearly 30 years working with leaders of medium and small businesses, we’ve found that while our customers benefit from best-in-class technology, technology alone is not enough. To solve problems and grow, you need technology plus expertise. That’s why we invest so much time in providing you thought leadership in the form of articles, guides, whitepapers, infographics, video, quizzes and more. Our articles in particular feature some of our “hot takes” on topics and trends HR and finance leaders need to know about. We hope you enjoy, and get some practical inspiration, for our thought leadership on all things HR.