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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.)
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, 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.
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...
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 yearPaycor 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 in...
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.Fill...
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.