Netchex Not Impacted by Silicon Valley Bank or Signature Bank Closures
Over the course of three days, financial regulators shutdown both Silicon Valley Bank (Friday, March 10) and Signature Bank (Sunday, March 12). These consecutive closures are believed to be the second and third largest bank failures in U.S. history. Netchex does not use Silicon Valley Bank or Signature Bank to fund our clients’ payroll services […]
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Biden Administration Seeks to End Moral Opt-Out of Contraceptive Mandate
Facing a looming recession, rising healthcare costs, and growing worker dissatisfaction, the Biden Administration has ramped up efforts to lessen the impact of these issues in the new year. Last month, the FCC proposed a ban on Non-Compete Agreements. This month, they are seeking easier access birth control for women at no cost under the […]
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Recession, Retention, DEI, and More: Top HR Trends for 2023
The last few years have been times of uncertainty and change—and there seems to be more uncertainty and change ahead for 2023. Even without pandemic shutdowns, near constantly changing circumstances create new challenges for Human Resources departments. Like every year, several HR trends for 2023 have emerged. Here are the top 10 HR trends for […]
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The High Cost of Payroll Errors: What to Know and How to Prevent Them
A recent study about payroll and payroll errors by Ernst & Young, a multinational accounting firm, surveyed over 500 companies (from 250 to 10,000 employees) and found that: When HR processes are handled manually, nearly every step of payroll creates an opportunity for mistakes. As identified by the Ernst & Young study, here are just […]
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Federal Trade Commission Proposes Ban on Non-Compete Agreements
The New Year is a time for change—both personally and professionally. The Federal Trade Commission kicked off the new year with a historical proposal—one they hope will last, unlike so many unfulfilled New Year’s resolutions. The Federal Trade Commission proposed a rule that would prohibit employers and employees from entering non-compete agreements. Employers could not […]
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HR Data Integration: Streamlining Data with HR Technology
A piecemeal approach to technology can lead to some big problems, especially when you’re building an HR system. Sure, you can find a different software provider for every solution, but there’s little hope that they will work together. With HR software, data integration is an essential measure of software compatibility. This is why integrated technology […]
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Tips for Reporting HR Data to Company Executives & Managers
The HR department must have a good relationship with upper management. Ideally, HR should report to the highest levels of the C-suite, such as the CEO and CFO. When margins get tight and somebody upstairs wants to cut bonuses or benefits, does your HR team have the data to advocate for employees with a compelling […]
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The Biggest HR Data and Reporting Mistakes to Avoid
A lot goes into HR data, analytics, and reporting. Advanced HR software can improve accuracy and efficiency, but how do you know whether HR analytics will be a smart investment for your company? To better understand the numerous uses and benefits of HR data and reporting, ask yourself the following seven questions. How will HR […]
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10 Critical HR Metrics for Human Resource Management
Though seemingly routine to outsiders, everyday HR tasks are critical to keeping a business running. While its importance is never questioned, how do you set goals and measure the success of your HR processes? Like all departments, there are several critical HR metrics that help determine the effectiveness of HR tasks and initiatives throughout your […]
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How Technology Makes HR Reporting & Analytics Easier
What’s so important about HR analytics and HR reporting? Like everything HR-related, it’s all about people. The most important ingredient in your company’s success is the people who work there, and analytics can help you empower workers while improving overall efficiency. Combine diverse sets of data to produce insights for better supporting employees as well […]
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HR Analytics: What do Data & Reporting Mean for Human Resources?
The term “analytics” gets tossed around carelessly these days. Like tech companies talking about “artificial intelligence” or job applicants’ not-so-clever use of “proficient in Microsoft Word,” people can use the term “analytics” to mean just about anything. For HR analytics to be worthwhile, they must provide useful insights for your business and in-depth analysis of […]
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Affordable Care Act (ACA) Compliance for 2022, 2023, and Beyond
Like taxes, employee benefits administration requires a lot of paperwork and management to ensure compliance. Since its inception, the Affordable Care Act (ACA) has had several requirements for employee benefits and annual reporting with some changes over the years. As 2023 comes more into focus, you ensure that your company remains in ACA compliance to […]
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