Employment compensation

LaborIQ® by ThinkWhy® Launches Total Compensation Solution To Help Businesses Customize Their Hiring Strategies

Retrieved on: 
Tuesday, June 22, 2021
Labour economics, Labor, Economy, Employment, Employee compensation in the United States, Recruitment, Human resource management, Employment compensation, Executive compensation in the United States

Every employer has unique job titles, skill requirements and compensation offerings, including bonuses and varying levels of pay incentives for their total compensation packages.

Key Points: 
  • Every employer has unique job titles, skill requirements and compensation offerings, including bonuses and varying levels of pay incentives for their total compensation packages.
  • And whether attracting senior executives, in-demand technology roles, sales personnel or hourly staff, the LaborIQ Total Compensation feature creates customized flexibility for each employer's talent strategies.
  • Previously, to create compensation packages, an employer had to sort through multiple sources or rely on old methods of crowd-sourced wage data.
  • "One of the most common struggles talent acquisition professionals have during the offer stage is helping candidates compare and understand total compensation.

OneSource Virtual's New Payroll Card Gives Businesses and Employees Access to a Flexible Payroll Solution

Retrieved on: 
Thursday, June 17, 2021
Economy, Money, Finance, Employment compensation, Wages and salaries, Household income, Paycheck, Payments, Payroll, Earned Wage Access, Underbanked, Cheque

Nearly half of all companies still issue paper paychecks to a percentage of their employees, and 20% of the American population is underbanked.

Key Points: 
  • Nearly half of all companies still issue paper paychecks to a percentage of their employees, and 20% of the American population is underbanked.
  • OSV's payroll card, enabled by Money Network, a subsidiary of Fiserv, answers a real need by helping businesses achieve increased electronic pay and helping underbanked employees save time and avoid costs associated with cashing paper checks.
  • For maximum flexibility, companies may choose OSV's myFlexPay Plus solution, which combines the advantages of OSV's new payroll card with its earned wage access solution.
  • Employees with access to myFlexPay Plus enjoy all the benefits of both services, along with reduced transaction fees when using the payroll card to access their earned wages instantly.

UKG Product Suite Demonstrates Unique Ability to Handle Canadian Company’s Highly Complex Pay Structure

Retrieved on: 
Monday, June 14, 2021
Professional services, Other Professional Services, Technology, Software, Human resources, Employment compensation, Expense, Payroll, Business process management, Human resource management, Economy

Prior to automating time tracking for unionized employees with UKG, most recordkeeping including overtime, double time, weekend work, shift premiums, and vacation administration was completed manually.

Key Points: 
  • Prior to automating time tracking for unionized employees with UKG, most recordkeeping including overtime, double time, weekend work, shift premiums, and vacation administration was completed manually.
  • Mosaic sought a solution that could support its complex pay structure and transform the pay experience for payroll, HR, managers, and employees.
  • According to Sharma, leveraging UKG for HCM and workforce management has expedited the companys transition from manual processes to an automated solution.
  • For our unionized employees, complex pay rules are processed in the UKG time solution, and then flow back into the payroll gateway for payroll processing.

Mike Branca Joins Regions Bank to Lead Total Rewards

Retrieved on: 
Monday, June 14, 2021
Banking, Professional services, Finance, Financial District, San Francisco, Banks, Economy, Companies, Human resource management, Employment compensation, Compensation and benefits, Wells Fargo, Executive compensation, Performance management, Bank of America

Regions Bank today announced that Michael Mike Branca has been named head of Total Rewards reporting to Dave Keenan, Chief Administrative and Human Resources Officer.

Key Points: 
  • Regions Bank today announced that Michael Mike Branca has been named head of Total Rewards reporting to Dave Keenan, Chief Administrative and Human Resources Officer.
  • In this capacity, Branca will oversee the development, design and administration of Regions compensation and benefits plans, programs and practices.
  • Most recently Branca was head of Total Rewards and Performance Management for Wells Fargo with responsibility for benefits, recognition, executive compensation, incentive management, governance and performance management.
  • Previously Branca held senior roles in Compensation and Total Rewards at Bank of America and MBNA.

GTM Payroll Services Celebrates 30 Years in Business with $30K in Contributions to Community Organizations

Retrieved on: 
Thursday, June 10, 2021
Employment compensation, Expense, Payroll, Cision, Companies, Economy

CLIFTON PARK, N.Y., June 10, 2021 /PRNewswire-PRWeb/ -- In recognition of 30 years in business and serving the Capital Region, GTM Payroll Services will be contributing $30,000 to community organizations.

Key Points: 
  • CLIFTON PARK, N.Y., June 10, 2021 /PRNewswire-PRWeb/ -- In recognition of 30 years in business and serving the Capital Region, GTM Payroll Services will be contributing $30,000 to community organizations.
  • "Much like GTM, these organizations have long histories of serving their communities," said GTM Payroll Services' Founder and CEO Guy Maddalone.
  • That year Maddalone started his payroll business with a few hundred dollars and a small office in Colonie serving high-net-worth clients in the tri-state area.
  • With both business and household payroll service offerings, GTM landed on the INC 5000 list of the fastest-growing, U.S. private companies in 2005.

Netchex Develops ARPA-NetCOBRA Service Package for American Rescue Plan Act Compliance

Retrieved on: 
Thursday, June 10, 2021
Human resource management, Employment compensation, Economy, Labor, Articles, Expense, Payroll, Cision, Human resource management system, Cobra

COVINGTON, La., June 10, 2021 /PRNewswire-PRWeb/ -- This week Netchex a payroll and HR technology companyannounced temporary changes to its NetCOBRA service under the American Rescue Plan Act of 2021.

Key Points: 
  • COVINGTON, La., June 10, 2021 /PRNewswire-PRWeb/ -- This week Netchex a payroll and HR technology companyannounced temporary changes to its NetCOBRA service under the American Rescue Plan Act of 2021.
  • Through collaboration from Netchex's Cobra administration and Development team, Netchex has worked to adapt their current COBRA package to align with current ARPA legislation.
  • The new service package will save clients' time by not having to manage changes in-house, as well keep clients in compliance with the ARPA.
  • Founded in 2003, Netchex has become one of the industry's fastest-growing payroll and HR service providers.

9 in 10 Want Flexible Pay: Impact of Earned Wage Access Revealed, in New Study From Wagestream, 60 Decibels

Retrieved on: 
Monday, June 7, 2021
Professional services, Venture capital, Human resources, Finance, Economy, Wages and salaries, Earned Wage Access, Employment compensation, Financial technology, Finance, Money, Employment, Wage

The impact of Earned Wage Accesswhereby employers remove extended, locked pay cycles and return to more flexible pay cycleshas been revealed, in the industrys first in-depth impact assessment.

Key Points: 
  • The impact of Earned Wage Accesswhereby employers remove extended, locked pay cycles and return to more flexible pay cycleshas been revealed, in the industrys first in-depth impact assessment.
  • The analysis was carried out by leading financial charities, social impact research firm 60 Decibels , and charity-backed financial wellbeing service Wagestream .
  • Estimates suggest over 15 million workers now have Earned Wage Access (EWA).
  • Sometimes incorrectly referred to as an advance or early wage access, EWA sees employers return to offering staff flexible access to wages already earned and owed, throughout the monthtypically within a broader financial wellbeing programme.

Valley Business Centre - Bookkeeping & Payroll Helps Construction Companies Increase Efficiency & Profitability

Retrieved on: 
Monday, June 7, 2021
Accounting software, Economy, Employment compensation, Expense, Payroll, Bookkeeping, Finance, Money

At Valley Business Centre - Bookkeeping & Payroll, bookkeeping for construction systems organizes businesses to take into account scattered production, extended periods, and various locations.

Key Points: 
  • At Valley Business Centre - Bookkeeping & Payroll, bookkeeping for construction systems organizes businesses to take into account scattered production, extended periods, and various locations.
  • Valley Business Centre - Bookkeeping & Payroll has helped builders/construction companies better utilize technology in order to reduce paperwork, so that they remain mobile and provide their services in different locations all the time.
  • By integrating cloud based solutions Valley Business Centre - Bookkeeping & Payroll helped construction companies by ensuring they would operate as efficiently as possible with clear data reflecting their financial standing.
  • Cloud integrations and outsourcing of bookkeeping and payroll to Valley Business Centre - Bookkeeping & Payroll also reduces the cost of having an in house accounting team.

Spiff Raises $46M in Series B Funding to Put Trust Back Into the Commissions Process

Retrieved on: 
Tuesday, June 1, 2021
Professional services, Marketing, Communications, Technology, Software, Finance, Accounting, Employment compensation, Articles, Economy, Business, Spiff, Sales, Commission, Funding

Spiff, the leading sales commission software for forward-thinking revenue and sales organizations, today announced $46 million in Series B funding from new and existing investors.

Key Points: 
  • Spiff, the leading sales commission software for forward-thinking revenue and sales organizations, today announced $46 million in Series B funding from new and existing investors.
  • This funding will fuel Spiffs mission to put trust back into the commissions process.
  • Its been an amazing year at Spiff, Jeron Paul, chief executive officer, Spiff, said.
  • Our product goal is simple: Put trust back in the commissions process.

TriNet Receives Two 2021 TrustRadius Top Rated Awards for HR Management and Payroll

Retrieved on: 
Thursday, May 27, 2021
TriNet, Employment compensation, TriNet, Human resource management, Human resources, Payroll, Burton Goldfield, Economy, APS Payroll

DUBLIN, Calif., May 27, 2021 /PRNewswire/ -- TriNet , a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced that TrustRadius has recognized the company with two 2021 "Top Rated" awards.

Key Points: 
  • DUBLIN, Calif., May 27, 2021 /PRNewswire/ -- TriNet , a leading provider of comprehensive human resources for small and medium-size businesses (SMBs), today announced that TrustRadius has recognized the company with two 2021 "Top Rated" awards.
  • TriNet has won in two major HR categories: HR Management and Payroll.
  • Since 2016, the TrustRadius Top Rated Awards have become the industry standard for unbiased recognition of B2B technology products.
  • To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology.