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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.
10 Onboarding Activities to Improve the Employee Experience. Number 6 Will Surprise You!
Day 1, new hire paperwork is archaic A solid employee onboarding process sets the tone for all of your new hires, making these employees feel welcome. They shouldn’t have to wait two weeks before getting a laptop or spend the first couple of days filling out a seemingly endless stream of paperwork. If that’s their experience, chances are high that they will likely form a less than favorable opinion of the company and might not be there for the long term. On the other hand, when your onboarding program is a great experience, your new top talent can jump right into their jobs and start making an immediate impact on the business. If you think your company has room for improvement, here are ten onboarding activities that you can implement to...
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...
Payroll Errors: 12 Common Mistakes You Might Be Making
Payroll Matters The payroll process is a necessary component of any business and making sure it’s accurate is exceptionally important. Even the smallest error can have a lasting impact on your company’s bottom line when you consider penalties, fines, and even lawsuits. This can be a nuisance to mid-size businesses but devastating to a small business. It’s Hard to Go Unnoticed The Department of Labor (DOL) keeps a close eye on businesses to help ensure they pay their employees correctly, and the Internal Revenue Service (IRS) and state taxing authorities are always going to make sure they receive the appropriate tax payments. 12 Common Errors to Avoid Everyone makes mistakes, and we’re hopeful they’re caught before anything bad happens....
Active Shooter Policy: What Employers Need to Know in 2020
Always Be Prepared for Emergency Situations in the Workplace It’s a sad reality that many people have a looming fear of active shooters in the workplace. Unfortunately, their fears aren’t misguided. According to the FBI, 60% of active shooter incidents occur in businesses. However, as an employer there are actionable steps you can take to prevent an active shooting, ease employee concerns and protect your people. Step 1: Form a Planning Team It’s important that your planning team has representation from departments across the business, as well as first responders. In the same breath, the planning team should be small enough to encourage close collaboration, yet large enough that it doesn’t put the burden on any one person. The planning...
How to Build Irresistible Benefits Packages for Employees
Employee Benefits Packages: Foundational to Workplace Satisfaction While a competitive salary is an essential part of attracting top talent, in today’s hot hiring market, the employee benefits package is just as important.More than ever before, employees are being offered robust and interesting job benefits as organizations strive to keep pace with the shifting culture of work today. Historically, offering health insurance and a 401k were the expected aspects of a benefits package. Today, employees are being offered benefits packages that include generous vacation policies and flexible working arrangements.In this article, we’ll share the most important aspects of an employee benefits package. You’ll learn what to offer in order to fully...
How to Review Resumes
Reviewing Resumes the Modern Way For recruiting professionals and human resources teams today, reviewing resumes is an overwhelming project. The job market is particularly hot and the digital revolution means that more resumes flood in every day. When a job is posted and recruiters receive hundreds of resumes after posting just one job - the task of thoughtfully reviewing each applicant seems impossible. Where do you start? How do you narrow it down? For overworked recruiters and talent pros, resumes begin to look and read the same as decision fatigue sets in. Luckily, with the help of today’s technology and strategic advancements, there are solutions to managing a mountain of resumes. There are several quick and simple ways to weed out...
How to Retain Seasonal Employees
Does your business experience an increase in sales during the holiday season? Do you consistently need extra hands during tax time? Or maybe you’re always looking for additional staff to help fill orders during the long days of summer. Whenever you need to hire seasonal workers, it’s important to give them an experience that leaves them feeling appreciated and valuable—and eager to come back to work next season.In today’s tight labor market, it’s hard enough to recruit and hire a full-time employee. To find top-notch temporary workers, companies need to offer robust compensation plans, perks and really invest in retention tactics to engage new employees.Here are some of the top strategies to attract and retain seasonal employees.Pay...
What are W-3 Forms? FAQs and Helpful Tips for 2020
As a trusted HR & payroll provider, Paycor gets hundreds of questions about Form W-3 each year. To help HR professionals mitigate risk, our compliance experts answered the most frequently asked questions around Form W-3. What is a W-3 form? Technical answer: Form W-3 is used to total up all parts of Form W-2. Both forms are filed together and sent to Social Security Administration (SSA) every year. Form W-3 is also known as “Transmittal of Wage and Tax Statements.”What employers really need to know: As an employer your responsibility is to review all W-2s for your workforce, summarize employee wages and tax information and then combine that data into one W-3 form. What’s the difference between Form W-2 and Form W-3? The difference...
Employer Breastfeeding Laws by State
Breastfeeding, ACA and FLSA When President Obama made the Affordable Care Act (ACA) the law of the land in 2010, new amendments to the Fair Labor Standards Act (FLSA) addressing breastfeeding in the workplace went into effect. The new guidelines require all employers in every state to provide reasonable break time for an employee to express breast milk for their nursing child for one year after the child’s birth. States are Making Changes While the federal government laid the foundation, 32 states have built upon the basic law. Some states have clarified whether these breaks are paid or unpaid and some have extended how long breastfeeding mothers are protected by the law.Where does your state stand? Use the chart below to find out....
Is Unlimited PTO a Good Idea?
If you’re debating whether or not to offer unlimited paid time off to your workforce, there are a few pros and cons to keep in mind.For starters, it is becoming more prevalent. The number of jobs on Indeed that advertise unlimited PTO increased 178% between 2015 and 2019. But still, only 1%-2% of companies in the U.S. offer unlimited vacation and most of those companies are in the tech industry (ex. Hubspot, Netflix, Roku), according to Society for Human Resource Management. Why Do Companies Offer Unlimited PTO? Offering unlimited vacation is an innovative tactic for recruiting talent. Afterall, who hasn’t daydreamed of taking off work whenever the mood suits? In fact, the 2019 MetLife Employee Benefit Trends Survey revealed that 72% of...
How to Conduct Exit Interviews
Fully Capitalize on This Underutilized HR Practice The Often-Overlooked Exit Interview In the world of human resources, the focus is always on a strong start. From finding that perfect candidate to conducting a spot-on interview, it’s all about the beginning. However, strong HR practices are not just about the first phase or hiring.Inevitably employees quit, which kicks off the process of wrapping things up and conducting an exit interview. For many companies, the employee exit interview is an afterthought.However, the exit interview is a powerful tool to consistently evolve and optimize company performance and culture. The exit interview is a rare opportunity to get honest and raw feedback about an organization’s effectiveness in many...
Top Signs of Employee Burnout
Employee burnout is more than just dealing with an overwhelming project or working overtime for a few days in a row. It’s a condition in which an employee feels chronic stress, energy depletion and cynicism at work and it can have a number of negative side effects.In fact, employee burnout is so prevalent in the workplace, the World Health Organization officially added “burnout” to its International Classification of Diseases in 2019. Researchers at Harvard Business School estimate employee burnout costs between $125 billion and $190 billion every year in healthcare costs.A key warning sign of burnout is low engagement, which ultimately means low performance and poor business results. It’s not that those employees don’t care, it’s that...
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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.