« Resource Center
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.)
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...
3 Steps to a Successful Year End
Year-end is a busy time for business leaders, and it can be stressful to think about all the things you need to do to prepare for the end of one year and the beginning of the next. The last few months can turn into endless amounts of paperwork and employee questions. How will you ensure that all of your year-end tasks get completed? To help you avoid uncertainty and complications, follow this 3-step guide to ensure a successful year-end. Inside you’ll learn: - How to check employee and employer indicative data - How to check wage, tax and benefits data - How to complete special procedures like bonus payrolls for the current year Paycor is dedicated to providing expert thought leadership to small and medium-sized businesses across all...
Prepping for 2019 HR & Compliance Toolkit
2019 is here… …and you undoubtedly have big plans and goals for your organization to meet this year. But in order to achieve those goals, you need to understand the 2019 compliance updates. There’s rarely downtime for a productive business, which makes the thought of taking time to learn what’s new with compliance a stressful proposition. But it doesn’t have to be. Based on Paycor’s nearly 30 years of experience helping customers successfully navigate the complexities of managing compliance changes confidently, we’ve created this toolkit complete with the expertise and resources you need for the year. Inside you’ll find our: What’s New in 2019 Infographic The compliance updates and regulation changes for 2019. Compliance Regulation...SMB
Small Business Owner's Guide to Buying Payroll and HR Technology
As a small business owner, selecting a payroll and HR provider is one of the most important decisions you’ll make. But evaluating providers can be overwhelming and it’s easy to get fooled by a flashy demo. Do yourself a favor: Don’t. The truth is, most payroll and HR technology offer similar benefits, at least on paper. Your job is to lift the hood. Don’t get lost in features and functions and beware of low prices: you get what you pay for. Instead, look for these things in a potential partner: Usability, reporting and compliance, and trusted expertise. It’s worth your time to consider the benefits of payroll and HR technology. Not only will it make your job easier and increase your profits, you will be able to maximize the efficiencies...
2019 Report: People Management, Perception vs. Reality
Paycor surveyed more than 700 CEOs, CFOs and HR leaders about employee engagement, turnover and compliance practices. Download our latest report to see what they said. What you’ll learn: C-Suite Perceptions Metrics that human resources can leverage to impact the bottom line. Most organizations don’t believe they effectively engage their employees. Turnover Most organizations don’t know how much it costs to hire a new employee. (And the true cost is more than they think.) What causes turnover? It depends on if you ask upper management or the employees who are actually leaving. Only 50% of organizations surveyed track turnover metrics. Compliance One-third of organizations don’t know how frequently they audit their compliance practices....
How To Evaluate HCM and Payroll Providers
There’s more human capital management technology available now than ever before. And yet the typical HR department still spends 60% of their time on transactional HR. Why is that? Why isn’t it working? You want to make a plan for growing your organization with the right talent, but you spend way too much time keying new hire data into payroll. You want to uncover insights about how labor costs are affecting your bottom line, but you’re too busy tracking time and attendance. You want to optimize your benefits package, so you can stay ahead of the curve, but you’re too busy hand-holding your employees through open enrollment. The truth is: Not all HCM technology is the same. In fact, much of the HCM business now is, unfortunately, a bait...
Restaurant Compliance Regulation Overview
Staying compliant is hard. Understanding complex regulations can be even harder, especially for restaurant owners challenged with limited resources and high turnover. To help free up your time so you can focus on creating a great experience for customers, we’ve created this compliance overview to help protect your brand and your business. Paycor knows the restaurant industry: 247,000+ restaurant employees are paid though Paycor 3,000 restaurant customers and growing 25+ years Paycor has been serving restaurants Proven track record addressing key restaurant challenges: Turnover, staffing, absenteeism Compliance Payroll complexities Paycor has protected restaurants from penalties and violations for more than 27 years. From responsive...
Common HR Challenges and How to Solve Them
Don’t Let these 6 Issues Keep You Up at Night After surveying hundreds of HR departments, we found that 75% of successful, high-functioning HR teams spend most of their time on recruiting, benefits administration, managing labor costs, making sure they’re compliant, people management and the employee experience. Which means these six areas are where some of the biggest challenges arise for HR leaders. In fact, 45% of HR leaders say recruiting is their toughest challenge. In our current tight labor market, hiring managers in practically every industry are concerned about the lack of available talent. How can you make your recruiting practices stand out from the competition? Of course, once you’ve hired the talent, how do you go about...
Payroll Compliance: How to Reduce Your Risk
Discover the common payroll compliance errors organizations make and what HR can do to prevent costly missteps.
Recruiting Compliance in 2019: What You Need to Know
According to the findings in Employer Outlook 2018, a report from job board Indeed, 61% of recruiters expect to hire more people in 2018 than they did in 2017, and 42% of employers are worried they won’t be able to find the talent they need. That’s a whole lot of recruiting. And, a whole lot of compliance to keep up with right off the bat in the employee lifecycle. While recruiting compliance is often viewed as a confusing list of conditions that can make a recruiter’s life difficult, it’s a necessity for any business. The Equal Employment Opportunity Commission (EEOC) and Office of Federal Contract Compliance Programs (OFCCP) requirements are put in place to ensure that companies’ hiring practices do not discriminate against certain...
Compliance Guide for HR Leaders
As an HR leader, you’re the headlights of an organization and it’s up to you to illuminate any compliance issues involving recruiting, hiring, payroll or people management. It’s a lot to juggle, but we’re here to help. Recruiting, especially in a tight labor market, is a fast-paced game and oftentimes the pre-hire phase of the employee lifecycle can be a risky time for employers. Keeping up to speed on the latest EEOC and OFCCP regulations is a must. Also consider the U.S. Immigration and Customs Enforcements (ICE) is more active now than ever, and fines for simple errors such as incomplete forms can cost a company thousands of dollars. Verifying employment eligibility is required, and claiming ignorance is not an option if you’re...SMB
Compliance Guide for Small Businesses
How HR in Small Business can Diminish Risk According to a U.S. Small Business Administration survey, small companies spend up to 80% more per employee on federal regulatory compliance than large companies. Small business owners who don’t have a designated HR manager increase their risk unless they stay vigilant with current compliance news and policies. We get it—as a small business owner you wear many hats and are always on the go. Which is why a lot of small to medium-sized business are plagued by wasteful manual processes and outdated HR solutions (if they even have a software solution at all). A recent Paycor study of more than 1,400 businesses revealed that 51% still store employee data in multiple spreadsheets and 54% are manually...
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.