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Guides & Whitepapers
Our whitepapers and guides collect our best thought leadership and expert advice on a wide variety of HR and finance topics. (And they’re beautifully designed, so you’ll actually enjoy reading them.)
HR
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...
EEO-1 Reporting FAQs
Employers covered by EEO-1 reporting requirements must submit 2017 & 2018 pay data to the EEOC by September 30, 2019. The new rule requires employers to accurately track and report the number of hours employees work, identify their employees’ earnings over a 12-month period and classify employees in one of 12 pay bands. The amount of additional data employers are required to provide is very significant. If you are unable to generate compensation, hours worked and pay bands into one report, it will create additional administrative work and could result in costly reporting errors. To help our customers navigate the new requirements, we've created this list of FAQs. Check out the resource below for more information to help you prepare....
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...
The Turnover Crisis in Healthcare
An action plan for finance and HR leaders With an aging population, more chronic illnesses and many nurses nearing retirement, the demand for their skilled replacements is outpacing the supply at an alarming rate. In fact, nearly a quarter of healthcare providers reported having nursing vacancies greater than 10% in 2018*. Unemployment rates are at the lowest they’ve been in decades, which makes the search for qualified talent and filling open job positions more difficult than ever. The demand for healthcare isn’t going to diminish, so it’s important to partner with an HCM provider who can help solve your HR challenges with the proper technology and expertise. Nearly 6,000 healthcare providers depend on Paycor for solutions regarding...
5 Steps to a Highly Effective Employee Benefits Strategy
Companies that offer strategic benefits perform 24% better than ones that don’t, recruit 8% more effectively and are 17% more likely to retain employees. But selecting the right benefits mix isn’t “cut and paste” – there’s no one-size-fits-all solve. Your workforce is diverse and multigenerational; your employees want and need different things. Discover the 5 key steps to designing a employee benefits strategy that drives recruiting, retention and business results.
The Turnover Crisis in Manufacturing
An action plan for all HR and finance leaders It’s no secret—manufacturing is losing talent. As Baby Boomers leave the workforce and take valuable skills with them, it’s expected that nearly 3.5 million manufacturing jobs will open up by 2025. Two million of those jobs are expected to go unfilled because of the skills gap*. The longer positions go unfilled, the more the production process is disrupted. Company morale starts to decline, and manufacturers see profits dip as they’re unable to operate at full capacity. Automation and robotics may help fill some of the labor gap, but HR still needs to find humans to problem solve, analyze issues and manage output. If you’re trying to recruit in the manufacturing industry, you’re in a vicious...
EEO-1 Report Checklist
Compliance is a hot topic in the world of HR. And among headlines like the #MeToo movement and the rapid increase in I-9 audits is the recent ruling on the EEO-1 Report. What is the report? Prior to the ruling, the report required employers to categorize company employment data by race, ethnicity, gender and job category. Now, employers will also need to accurately track and report the number of hours employees work, identify their employees’ earnings over a 12-month period and classify employees in one of 12 pay bands. What does this mean for your organization? For one, the additional data you’re required to provide is very significant. If your organization is unable to provide compensation, pay bands and hours worked into one report,...
The Essential EEOC Guide to New EEO-1 Reporting
Are You Prepared to Handle New EEO-1 Reporting Requirements? The Equal Employment Opportunity Commission (EEOC) has finalized a rule to expand the data employers are required to collect in the EEO-1 Report. Use our guide to help prepare for the new requirements & learn: Details on the new EEO-1 reporting requirements Which employers will be affected When organizations will be required to comply What the penalties are if you don't comply The 13 steps you need to take to ensure you're in compliance Download Paycor’s The Essential EEOC Guide to New EEO-1 Reporting now.
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...
3 Big Problems Only HR Can Solve
There’s never been a better time to be in HR. Now more than ever, your company depends on the unique insights you can bring to the table. It’s time to think big and push your HR team beyond the status quo. But what does that mean? At Paycor, we define “status quo” as an HR process that’s bogged down by paperwork and administrative tasks. It’s off-the-shelf technology that’s more of a hindrance than helpful. It’s the voice in your head that says, “There’s so much more we could do if only we had the time.” Let us help you take HR to the next level. In this guide, we’ll present action plans for three big initiatives your HR team (or just you, if you’re the team!) can begin implementing today. We hope you enjoy this guide and are inspired to...CFO
Compliance Guide for Finance Leaders
CFOs and financial professionals are charged with the task of overseeing a growing workforce and have special reasons to be vigilant about compliance. Finance leaders are naturally wary of additional regulations, lack of clarity from the government, costs of compliance and the unintended consequences of policy decisions that can impact their business. As part of our commitment to help Finance leaders make a difference in their organizations, we’ve published deep dives like this one to help you stay current and effective in a fast-paced and ever-changing world. Inside you’ll learn: How to maintain compliance with federal regulations throughout the employee lifecycle Potential violations to watch for and tips to avoid fines and penalties...
Employee Turnover: What’s Changing & How to Solve It
Why do 46% of business leaders say turnover is their number one problem? Because it’s not a simple inconvenience, it’s a problem that if gone unresolved can seriously impact your bottom line. Here’s what’s at stake: Money When entry-level employees leave, it costs 30-50% of their annual salary to replace them. When mid-level employees leave, it costs upwards of 150% of their annual salary to replace them. When high-level employees leave, it costs 400% of their annual salary to replace them. Time Unusually high turnover can be a significant time suck. Exit interviews, advertising the job, recruiting candidates, interviewing and onboarding and training replacements…it all adds up. Productivity High turnover not only leads to additional...
Our 2019 Report is Here
Paycor recently surveyed more than 700 business leaders about their people management practices. The findings might surprise you.
Read NowUnlock the True Power of HR
In many ways, this is the whitepaper that started it all: Unlock the True Power of HR. We surveyed business leaders of medium and small companies and found that less than 10% of HR professionals devote time to making their case and proving the value of HR to the C-suite. Frankly, that finding surprised us, and so we decided to do something about it. The HR Center of Excellence provides HR leaders with actionable plans that help them assess, optimize and excel at the six most important pillars of HR: benefits, people management, compliance, employee experience, labor costs and recruiting. Unlock the True Power of HR is based in large part on proprietary data gleaned from our active customer base of more than 30,000 companies. It’s the foundation of much of the work that came after, and we look forward to building on the story in the years to come.