Recruiting Blogs

JANUARY 15, 2024

© 2024 Neeljym Search Group ® All Rights Reserved As we ushered in the new decade in 2020, the insurance industry found itself grappling with a talent shortage. Large insurance companies are implementing layoffs and enforcing return-to-office policies, triggering additional early retirements and industry exits.

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HRsoft

JANUARY 11, 2023

Enterprise organizations have had to navigate all these challenges in recent years – is compensation management adding to your headaches? Compensation management is the process of how an organization pays its employees. This can include both direct and indirect compensation , such as salary, bonuses and benefits.

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Slayton Search Partners

AUGUST 31, 2022

There is a surprisingly rich history of women in insurance. Over a century later, today’s insurance industry has continued to build on that early foundation, boasting a workforce that is 60% women. That’s good news for gender diversity in insurance, but the work isn’t done. The State of Gender Diversity in Insurance.

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Slayton Search Partners

APRIL 19, 2023

Despite challenges, fair compensation remains critical to talent attraction and retention. Compensation is vital to talent attraction and retention today. Demand for fair compensation—a concept that has proven difficult to define—will only escalate in the wake of rising inflation rates and imminent recession concerns.

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Transformify - Recruiting

JULY 26, 2023

Insurance may not be the first thing on the top of your mind when you’re a freelancer, but it's an important part of protecting yourself professionally. Freelancing covers a large number of industries, and not all types of insurance coverage may be relevant to your specific profession.

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Recruiting Daily

MARCH 24, 2022

Which brings us to the point about compensation. Does a new way of working call for a rethink around traditional approaches to compensation management? A Modern Compensation Philosophy for the Gig Economy. So, how can organizations create fairer compensation strategies for their gig workers?

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HRsoft

MAY 11, 2020

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone.

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TalentLyft

JUNE 17, 2021

Your compensation strategy is an important part of your organization’s overall success. Compensation planning involves more than just employee salary, health insurance, or bonuses you provide. In this article, we will be discussing the ways your company can retain top talent with the right compensation management solution.

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HRsoft

MAY 26, 2020

Total compensation has emerged as a great tool for retention. To define total compensation, it is important to first understand its components. Unlike salary or pay that deals with only the monetary aspect of a position, total compensation takes a more holistic approach.

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Indeed

MARCH 5, 2019

And in today’s world, compensation is so much more than just a number — it also includes the added benefits offered to you by your company, such as health insurance, wellness, time off, bonuses and more. In short, investing in competitive compensation is an investment in your firm. Here’s what we found.

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HRsoft

MAY 11, 2020

Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. What Do Compensation Statements Contain? The post What is the Purpose of a Compensation Statement? appeared first on HRsoft.

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HRsoft

APRIL 25, 2019

The ability to understand your company’s compensation definition, or the way pay is calculated, is important for employee satisfaction. Because compensation meanings and calculations can differ in every company, your workforce should have a clear line of sight into how they’re being compensated, and just as importantly, why.

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Homebase

MARCH 22, 2024

In this article, we will share everything you need to know about base pay, including how to determine base pay, how base pay plus other benefits impact your total compensation package, and what pitfalls to avoid when calculating base pay. Base pay can also be part of a total rewards compensation package.

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HRsoft

AUGUST 16, 2018

Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. What Do Compensation Statements Contain? The post What is the Purpose of a Compensation Statement? appeared first on HRsoft.

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Achievers - Recruiting

JANUARY 7, 2020

Compensation as a motivator. Does compensation align your employees to your company’s mission and values? In fact, he found that factors such as status, salary, PTO, and paid insurance don’t increase satisfaction or lead to higher motivation; whereas employees are actually dissatisfied when these factors are absent.

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The Hire Talent

SEPTEMBER 10, 2018

Later on we’ll talk about compensation. I’ll be speaking at the SHRM statewide Florida conference in August on compensation. The post Episode 5: Health Insurance Benefits appeared first on The HIRE Talent. That’s a whole massive conversation.

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The Muse

SEPTEMBER 17, 2021

Your salary is just one part of your compensation package. Learn how the most common employee benefits and perks work—including insurance, 401(k)s, PTO, and more.

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HRsoft

NOVEMBER 8, 2018

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone.

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Recruiting Daily Advisor

JANUARY 31, 2019

Most job candidates and employees think of compensation primarily in salary terms, but how aware are they of the total cost of the compensation package you’re offering? on insurance plans, $2.40 This amounts to about 29% of an employee’s total compensation package. Source: fairywong / DigitalVision Vectors / Getty.

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Homebase

FEBRUARY 2, 2024

Examples include Oregon’s statewide transit tax and local taxes like California’s Employment Training Tax (ETT) and State Disability Insurance (SDI), with the former paid by employers and the latter by employees. Unemployment Insurance: Most states require quarterly filings to report wages and pay state unemployment insurance tax.

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HRsoft

MAY 8, 2020

Compensation management is the process of developing and administering employee pay. While salary is typically the first thing that comes to mind when we think of compensation, the reality is that total compensation extends far beyond base pay alone.

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ExactHire Recruiting

FEBRUARY 14, 2023

There are four different ways to demonstrate to your employees that you appreciate their work using compensation. Today’s top professionals are looking for custom compensation options and flexible earning potential. Direct compensation is monetary, usually providing a financial benefit.

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Workable

FEBRUARY 17, 2023

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.

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Achievers - Recruiting

JUNE 25, 2019

Most of us receive a paycheck, so it’s easy to assume compensation packages are pretty black and white. As Katey Maddux, founder and CEO of Millennial Accounting, writes in her recent employee compensation and benefits guide , “When it comes to employee compensation, there isn’t a one-size-fits-all solution.” Simple, right?

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Glassdoor for Employers

SEPTEMBER 17, 2020

million American workers without health insurance. Talented individuals who now lack health insurance or who have been furloughed or laid off as a result of the coronavirus are looking for companies that prioritize the care of their employees. Create a total compensation offer. Between February and May, the pandemic left 5.4

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Staffing Talk

MAY 12, 2014

In the staffing world, Workers’ Compensation insurance can very quickly become a problem child. Staffing companies have a world of issues when it comes to Workers’ Comp insurance. Staffing companies have a world of issues when it comes to Workers’ Comp insurance. No harm, no fuss.

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Transformify - Recruiting

DECEMBER 8, 2017

However, worker’s compensation can fill in that gap for you. There is a lot of crazy information about worker’s compensation out there, so here are a few things that you should know. What is Workers’ Compensation? Worker’s compensation isn’t a free pass to be careless at work.

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Recruiting Daily

APRIL 11, 2023

This requires a thorough understanding of medical terminology, billing codes, and insurance regulations. A skilled medical biller must be detail-oriented, highly organized, and possess excellent communication skills to work with patients, healthcare providers, and insurance companies.

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Homebase

APRIL 12, 2024

And if that’s not enough of a draw, you can also receive potential tax benefits for providing health insurance to employees. The money you spend on health insurance premiums is considered a tax-deductible business expense by the IRS, which lowers how much you pay for taxes. Let’s start with group health insurance plans.

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Homebase

FEBRUARY 9, 2024

Group term life insurance: If an employer provides life insurance coverage that exceeds a certain amount (often $50,000 in the U.S.), Health insurance premiums: Generally, premiums paid by an employer for an employee’s health insurance are not considered imputed income. This is where Homebase comes in.

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Crelate

SEPTEMBER 9, 2020

Some are requirements like workers compensation taxes. The Federal Insurance Contributions Act requires both employees and employers to contribute to Social Security and Medicare. Unemployment Insurance Taxes – FUTA and SUTA. The federal unemployment insurance tax rate is standard for all employers: 0.6% FICA Taxes.

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Recruiters Lineup

JANUARY 23, 2024

Overtime work is subject to additional compensation, usually at a higher rate than regular hours. Social Security and Insurance: Azerbaijan has a social security system that provides benefits such as pensions, disability allowances, and medical coverage. Both employers and employees are required to make contributions to this fund.

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Recruiting Blogs

APRIL 7, 2024

The City of London's unique position as a center for finance, banking, insurance, and professional services firms adds layers of complexity and opportunity to the role of a CFO in this locale.

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HRsoft

MARCH 27, 2023

While compensation is just one element in attracting and retaining employees, it is a significant one. Transparent communication about rewards helps employees understand their value within the organization and the fairness of their compensation. Direct compensation includes monetary payments, such as salary and wages.

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4 Corner Resources Staffing Blog

DECEMBER 11, 2023

In addition to withholding certain payments, employers must also contribute to state and federal tax agencies, Social Security, Medicare, unemployment, and workers’ compensation funds on their employees’ behalf. They may also be eligible for employer-sponsored benefits like health insurance and retirement. and project-based.

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Recruiting Blogs

MARCH 9, 2024

Contract and Onboarding: Once a candidate is selected, the next steps involve negotiating a contract that outlines their responsibilities, working hours, duration of engagement, and compensation. The city's status is underpinned by its extensive financial services sector, including banking, insurance, asset management, and fintech.

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The Jacobson Group

APRIL 5, 2023

Last year, we were in the midst of one of the most competitive labor markets the insurance industry has ever seen. Candidates gained a substantial upper hand in the hiring process, leveraging a red-hot recruiting climate and competing offers to raise their expectations around compensation, benefits and flexibility.

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