The employee benefits landscape has grown by leaps and bounds in recent years. For starters, a great many employers are delving beyond core benefits – such as health insurance and retirement plan – to offer an assortment of choices and more customized options. As a result, benefits administration has gotten much more multifaceted, making…
5 Things to Do Before Taking Maternity or Paternity Leave Going on maternity or paternity leave is a great way to start your journey into parenthood. During this time, you’ll be able to bond with your family while recovering from childbirth. However, before you take this extended time off from work, you’ll need to perform…
Did you know you could save up to $9,600 per eligible new hire? With an integrated, intuitive product like Payentry’s Hire & Onboarding getting this money is even easier. First things first, where’s the money coming from? The Answer: Tax Credits through WOTC The Work Opportunity Tax Credit program was designed to help targeted workers…
You’re hitched! Now what? If you recently got married, you’ll need to bring your employer up to speed so that the appropriate changes can be made in the HR/payroll system. This includes any adjustments to your name, address, benefits, taxes, emergency contacts, and direct deposit. Name and Address Per Internal Revenue Service (IRS) rules, the…
With many paper-based processes rapidly becoming obsolete, employers are turning to technology that allows them to better manage employee life cycle while meeting regulatory demands. According to a survey by Ernst & Young, the following employee management activities have shifted from paper-based to technology (though to varying degrees): Staffing/Recruiting Onboarding Compensation and benefits Performance Management…
In 2016, Section 6106 of the Affordable Care Act introduced a number of rules and requirements for long term care facilities to submit staffing information. PBJ, or Payroll Based Journal, is a system used to report on staffing and census information to the Center for Medicare & Medicaid Services (CMS) to fulfill those requirements. Although…
I woke this morning and like most, I used the restroom, took a shower, and brushed my teeth as the start of my day. And like every day, I did it without acknowledging the importance of that clean water to my sheer existence. I’m guessing this scenario sounds familiar to you. But what if it was…
The first known payment by paper check occurred in the early eleventh century when an Iranian traveler visited the city of Basra and gave a merchant written instruction ordering his bank to make a payment from his account. While the U.S. economy continues to rely on checks as a form of payment , that reliance…
In an article published in the Harvard Business Review, September-October 1990 entitled “Zero Defections: Quality Comes to Services”, Bain and Company, working with Earl Sasser of Harvard Business School analyzed the costs of revenues derived from servicing customers over their entire purchasing life cycle. What they found is that increasing customer retention rates by 5% increases…
Successful organizations today are forward looking, mission driven, and value based with participative work environments. Employees are expected to work smart, using judgment to make informed decisions guided by a clearly stated vision and strategy. So, how do we keep our valuable employees from taking their knowledge and skills to another team? Many companies use…