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4 compensation strategies to respond to rising minimum wages

HRExecutive

That’s the sound of 27 states implementing minimum wage increases in 2024 or in the near term via annual indexed increases or tiered jumps. per hour for non-exempt workers. . per hour for non-exempt workers. The minimum wage in the remaining states ranges from $8.75 according to a Paycom report.

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The Ripple Effect of a Pay Strategy Change

Compensation Today

PayScale was there for The Elevate Summit , BambooHR’s first ever user conference, and we know many of you were too. Learn More About Our Compensation Software. They covered the famous Henry Ford example of bumping wages from $2.25 We’re already looking forward to next year. It was time for a bold move. GET A DEMO.

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Compensation Package: A Guide For HR

Digital HR Tech

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package? What is included in a compensation package?

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Travel time pay for hourly employees [Guide 2023]

Homebase

If you run a business where your workers are paid by the hour but also have to travel for work, it’s important to understand what your obligations are and what your employees are legally entitled to. Track hours. When it comes to travel time pay for hourly employees, things can get confusing for both employers and employees.

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What’s Keeping HR Up at Night in 2020?

HRExecutive

Also see: 5 reasons to attend HRE’s Health & Benefits Leadership Conference. The number of job openings in the U.S. fell from 7.6 million in January 2019 to 6.8 million in January 2020, according to the Bureau of Labor Statistics. Is this an early sign that the talent shortage is dwindling? So, what changed? Advertisement. “If

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How to Support Women in the Workplace

Intoo USA

It signifies that individuals, regardless of gender, performing identical jobs or jobs of comparable worth should receive commensurate compensation. It signifies that individuals, regardless of gender, performing identical jobs or jobs of comparable worth should receive commensurate compensation.

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How to legally manage remote employees

Business Management Daily

Remote employees also need training in time-keeping and safety and accident prevention. Third, set the rules for the remote workday: Will there be set office hours? Without clear rules, working from home may reduce rather than enhance productivity. Exact remote employee figures are difficult to come by. Setting remote work rules.