Not sure where to start?
Download 7 Tips When Switching HR and Payroll Companies, for free.
Get the guide
Stay in the loop!
To ensure you don't miss informative, industry-relevant posts, subscribe to the Paycom Blog.
Paying for Performance: How to Reward Productivity and Elevate Engagement
Under a pay-for-performance system, employees get rewarded for the right reason: job excellence. Paying for performance removes the subjectivity from compensation by establishing structured ways to measure an individual’s: performance productivity results How? Instead of showing you, we’d like to tell you a story … Meet William Every company has a William. Ever the go-getter, […]
Paying for Performance: How to Avoid Salary Compression and Other Compensation Pitfalls
In 2015, Gravity Payments, a Seattle-based credit card processing firm, tried something unorthodox: Chief Dan Price set a new minimum salary of $70,000, even sacrificing some of his own to make it happen. It made national news. Résumés poured in. But this seemingly heroic gesture also had unexpected consequences: Two of Price’s most valued employees […]
Take Action Against Restaurant Employee Turnover: Here’s How
If you own, operate, lead or otherwise run a restaurant, you’re well aware of the operational challenges of employee turnover. But can you quantify just how much it costs your restaurant? For years, the Bureau of Labor Statistics has reported turnover in the accommodations and food service sector at roughly 72%. The average cost of […]
3 Ways HR Can Combat Low Engagement
Like Jim Halpert constantly pranking Dwight Schrute on TV’s popular show The Office, employees can push the limits when engagement is low. Though it’s been noted time and again, another mention can’t hurt: Gallup estimates disengaged employees cost U.S. companies up to $550 billion in productivity per year. But what can be done about the […]
5 Ways Performance Management Can Lead to Unmanageable Costs
Performance management. It sounds like just another set of tasks on an HR professional’s to-do list. Which it is. But did you know each of those HR tasks has a cost attached? Ernst & Young recently conducted comprehensive research to determine costs associated with 41 common HR tasks and found performance-management functions are among the […]
How to Avoid Summer PTO Pitfalls
Summer means sunny weather, longer days, exciting vacations … and can mean checked-out employees. Wait one (very hot) minute? Sure, your employees might be distracted by thoughts of sandy shores or how to keep their kids busy between summer camps, but with the right communication, the season doesn’t have to be a drain on productivity. […]
The True Cost of Manually Managing Your Employees’ Time
You know the drill: Employee completes and submits timecard. Employer collects timecards. Employer verifies timecards. Simple, right? Yes. But also costly, if self-service technology is not part of the process. When you apply findings from Ernst & Young’s recent study on the true cost of manual HR tasks, the above steps accumulate quite the price […]
Hiring in the Digital Age: How Performance-Based Hiring Helps Recruiting
According to a 2016 Society for Human Resource Management report, 84% of employers see a shortage in skilled applicants, while 68% experience difficulty filling jobs. In today’s war for talent, the challenge to find qualified candidates continues to grow, as does the skills gap. For an HR Break Room episode on how hiring is changing in […]
1 Big Reason to Verify Your I-9s Are in Compliance
Raids by U.S. Immigrations and Customs Enforcement (ICE) are up – way up. Data from the federal agency shows that between fiscal years 2017 and 2018, arrests of unauthorized workers have increased twofold and ninefold, respectively. ‘Routine I-9 audit’ On April 3, ICE carried out its largest worksite operation in the last 10 years, arresting […]
How Clubs Positively Impact the Workplace
Alongside food and shelter, a sense of belonging is another basic human need, according to Psychology Today. With the average American spending 90,000 hours at work over their lifetime, per Business Insider, that need is sought within the workplace, as well as outside it. Developing relationships between co-workers through shared common interests can drive engagement […]
2 Things to Do Before Moving Salaried Employees to Hourly for FLSA Threshold
If finalized, the proposed change to the Fair Labor Standards Act (FLSA) salary level (to $679 weekly, or $35,308 per year) would make 1.1 million additional workers eligible for overtime benefits. As a result, some employers may choose to reclassify salaried employees earning less than that to hourly. If this would be part of your […]
4 Tips to Help New Employees Set Goals
For employers, goal-setting increases employee engagement and retention levels, and benefits your organization overall. Goals also are key to employee success, as clear and challenging goals drive performance and productivity. So, how should employers approach goal-setting with new hires? They may not be as experienced as the rest of your personnel, but these workers will […]