Remove 2020 Remove Bonuses and Incentives Remove Compensation Remove Payroll
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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

June 3, 2020. Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP?

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How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. The incentives for real performance and results are heavily weighted in executive pay. Total rewards.

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Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans. What Are The Benefits of Compensation Analysis ?

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A New Management Mindset: 6 Keys for Greater Staffing Stability

HR Daily Advisor

By 2020 or 2025, do you think you’ll have more or fewer roles turn into revolving door positions? In most organizations, long-term incentives are gone. Take a look at your current incentives for staff. And they don’t settle for being undervalued, or letting those less valuable receive more compensation.

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How to Comply with the New Overtime Rules in 2020

Mitrefinch

Starting on January 1 st , 2020, new overtime pay rules which were recently passed by the U.S. Lastly, highly compensated employees (HCEs) are also generally exempt from overtime pay. Employers would do well to evaluate their systems for several payroll items, including bonuses, overtime tracking, and daily time-keeping of time worked.

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How to Give Your Employees a Raise Using the FLSA Overtime Rule Amendment

ConnecTeam

So let’s break it down to figure out exactly how you, as an employer, can stay compliant with the latest FLSA regulations, avoid overtime related lawsuits, keep your payroll cost-effective, while also giving your employees a raise your employees a raise. Inclusion of non-discretionary bonuses and incentive payments.

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A Guide to Planning Your HR Budget for 2022

Analytics in HR

Compensation and benefits. Comparing last year’s hires and the cost of employee compensation and benefits , increase your HR budget by around 3-5% to ensure you have enough in 2022. Take into account: Employee salaries Health insurance Life insurance Retirement plans Paid time off Overtime pay Bonuses Other perks.