Remove 2020 Remove Bonuses and Incentives 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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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. Are your staff rewarded for recruiting new hires and given tenure bonuses tied to how long those new hires stay?

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How Employee Benefits Can Boost Recruiting, Retention, and Reputation

Netchex HR Blog

Where less than 40% of listings featured benefits in 2020, that percentage has risen to 59% according to Hiring Lab by Indeed. Attraction & Recruiting In less than five years, there has been a sharp rise in the number of job listings that advertise at least one benefit. Experienced workers appreciate your investment in useful benefits.

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Retention the age of COVID: Why employers are worried

Business Management Daily

Savvy leaders realize that retaining quality employees already on the payroll saves time and comes with the benefit of greater certainty about what you’re getting. Lack of monetary incentive. Some organizations instituted salary freezes or even reductions, and year-end bonuses appear unlikely.

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How to Create a Compensation Strategy: A Complete Guide

Decusoft

The incentives for real performance and results are heavily weighted in executive pay. Compensation and incentives are combined with opportunities for professional development within a motivated job climate in this approach. We all know how quickly markets shifted in 2020. Merit Increases. Compensation Strategy Allocation .

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Employee Recognition Programs: 6 Steps to Create a Winning Program

Empuls

   Take this company as an example,  Tech giant Cisco, ranked 18th on the 2020 Forbes list of World's Best Employers, prioritizes employee well-being.   - For instance, a study by the SHRM found that companies spending approximately 1% of payroll on recognition are 79% more likely to see better financial results. 

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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.