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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.)
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...
3 Reasons to Invest in a Learning Culture: Recruit, Retain, Engage
Learning is a win/win for employers and employees. Learning-driven organizations tend to be more efficient, create more customer value and market leadership, and report higher customer satisfaction. Employees of all ages, especially Millennials, see re-skilling and upskilling as critically important, and often it’s the deciding factor in their decisions to take a new job or stay at their current company.In Paycor’s Guide, “3 Reasons to Invest in a Learning Culture,” you’ll learn how to invest in and build a learning culture. You’ll also learn the “why behind the what,” and see firsthand how your company’s learning impacts your ability to recruit, retain and engage talented people.Download Paycor’s Guide for actionable tips and insights...
DOL Final Overtime Rules: Quickstart Guide for Employers
On September 24, 2019, the Department of Labor issued its final overtime rule to increase the minimum salary threshold for executive, administrative and professional exemptions from $455 per week ($23,660 annually) to $684 per week ($35,568 annually). The new rule goes into effect January 1, 2020.As your organization considers how to prepare and comply, we’ve created this guide which outlines the new ruling, provides tips to manage impacted employees and offers a checklist of key details to follow to mitigate risk. Click below to instantly download the guide.CFO
The CFO Playbook: 10 Metrics to Transform Your HR Team
CFOs are losing faith in HR’s ability to solve problems with data. In 2015, 20% of business leaders trusted HR to use data to anticipate and fill talent needs. That number dropped to 11% in 2018.*HR teams (especially teams of one) still spend too much time on transactional HR functions that should be automated. If your HR processes are still manual, or worse, paper-based, your team simply doesn’t have time to do much else. Second, HR often doesn’t have the tools they need to access, much less interpret, data.Download our CFO playbook to discover: - 10 key metrics HR teams must track - Benchmarks to see how your business stacks up*Harvard Business Review
The HR Playbook: 10 Metrics That Prove the Value of HR
HR is sitting on a gold mine of data. But there’s a problem—HR professionals 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.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 people management metrics to business outcomes.Download our latest playbook to discover: Top challenges that keep the C-suite awake at night 10 key metrics HR teams must track How to calculate each metric Benchmarks to see how you stack up
Why (and How) to Switch to a New HR & Payroll Platform
The right HR technology can enable you to better manage, develop and engage people and make better strategic decisions. However, the opposite is also true. Sticking with the wrong HR & Payroll provider can tank an otherwise healthy business.The consequences of NOT switching, and staying with a subpar HR & Payroll provider, touch every aspect of your organization. Obviously, HR and the payroll process are affected, but the inefficiencies can also impact recruiting, training and development, time & attendance and how you go about analyzing the data overall.So why don’t more organizations make the switch to a platform that better meets their needs?For starters, it can be a challenge to figure out how they differentiate. Not all...
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 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*.Download the GuideThe 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’...
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, it...
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.
Our 2020 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.