Netchex HR Blog

SEPTEMBER 14, 2023

Once every 11 or 12 years, there’s a 27th paycheck, which complicates salary pay. In South Carolina, however, employers must give written notice about payment periods, expected hours, and wages at the time of hiring. Salaried and hourly workers are affected differently by policies on payroll and overtime.

Payroll 79

Payroll Hiring Software HR Software Recruiting Software 79

Netchex HR Blog

APRIL 16, 2021

Employee vs. Independent Contractor. Employees generally receive hourly pay or a salary, while contractors are more likely to send invoices for completed tasks or a contracted period. Exempt vs. Non-Exempt Employees. Exempt employees are not entitled to minimum wage or overtime pay. What’s the difference?

Payroll 98

Payroll Wage and Hour Training Time and Attendance Compliance Training 98

6Q

MAY 25, 2021

It can also determine the disclosure of vacancies and the range of wages. It is essential to understand the must-haves vs. nice-to-have skills and skills for the job to encourage a wider variety of applicants to apply. Salary and benefits. Create a wage scale. How to write a role description. Create specific job titles.

Bonuses and Incentives 130

Bonuses and Incentives Recruitment Guidelines Certification 130

Adzuna Blog

SEPTEMBER 21, 2022

Companies are trying to counter these rising costs for their workers with increased wages. If you haven’t seen a salary increase in recent months, you’ll be worse off than you were a few months ago. . In real terms, average hourly wages have fallen by 2.8%. Employers across the US plan to offer an average raise of 4% in 2023.

Benchmarking 52

Benchmarking Policies Report Talent Experience 52

hrQ

MAY 9, 2023

Organizations are using layoffs to create jobs in AI and other sectors, correct inflated salary increases and restructure remote or hybrid work strategies to bring workers back into the office. Wage growth vs. inflation. Wages are still not keeping up with inflation. Wages are still not keeping up with inflation.

Employer Branding 52

Employer Branding Wage and Hour Training Compensation Strategy 52

DailyPay

MARCH 18, 2021

Employee Attrition vs. Turnover. Not to mention unplanned absenteeism is expensive — roughly $3,600 per year for each hourly worker and $2,650 each year for salaried employees. Employee churn is the best way to describe both employee turnover and attrition rates. Disengagement. One of the program elements is on-demand pay.

Retention and Turnover 52

Retention and Turnover Hiring Software Wage and Hour Training Interview Software 52

Zoho People

JANUARY 28, 2022

In this article, we break down the basics of employee compensation and benefits: Defining compensation vs benefits. Compensation includes regular salaries, overtime pay, bonuses, cash rewards, commissions, and other financial incentives your employees receive. Research your competitors. If you are able to match them, that's fantastic!

Compensation 98

Compensation Bonuses and Incentives Retention and Turnover Employer Branding 98

AvilarHR

FEBRUARY 6, 2024

Higher costs are both a factor of high-level position salaries as well as the costs of onboarding, training, lost productivity, and employee turnover. Leaving a job prematurely can cause someone to not only miss out on anticipated wages, but to lose confidence in themselves or distrust future employers or hiring processes.

Aptitude Tests 81

Aptitude Tests Assessment Software Hiring Software Recruiting Software 81

Affinity HR Group

SEPTEMBER 27, 2022

This, like many aspects of wage-and-hour law, has a complicated answer as there are many factors to consider. First, let’s define some key terms: Fair Labor Standards Act (FLSA) is the federal law that defines “wage-and-hour” law and applies to most companies. Compensable time is all time for which a non-exempt employee must be paid.

Wage and Hour Training 52

Wage and Hour Training Compensation Time and Attendance Hiring Software 52

6Q

AUGUST 17, 2023

Earning a liveable wage is one of the driving forces behind every career. Low or unfair wages will cause your employees to look for opportunities elsewhere. You’re working against yourself when you fail to pay a liveable wage. If you can’t offer higher wages, consider offering perks with some value.

Hiring Software 98

Hiring Software Retention and Turnover Wage and Hour Training Sexual Harassment 98

Business Management Daily

AUGUST 10, 2021

W-2: Wage and Tax Statement is a critical, annual document that reports an employee’s gross earnings for the entire year. By law, an employer must fill out a W-2: Wage and Tax Statement for each of its employees to whom it paid $600 or more for the year or for whom it withheld any taxes. The post W-2 vs. 1099: Which workers get which?

Wage and Hour Training 52

Wage and Hour Training Hiring Software Employment Law Planning Tools 52

Decusoft

FEBRUARY 11, 2022

With higher year-to-date salary increases than ever before (4%), employers are looking to woo talent with higher pay. On the flip side, inflation is eating away most of the wage increases. This includes the base salary along with short- and long-term incentives. What a Stellar Total Compensation Strategy Looks Like.

Compensation 52

Compensation Strategy Compliance Training Employer Branding 52

Decusoft

FEBRUARY 11, 2022

With higher year-to-date salary increases than ever before (4%), employers are looking to woo talent with higher pay. On the flip side, inflation is eating away most of the wage increases. This includes the base salary along with short- and long-term incentives. What a Stellar Total Compensation Strategy Looks Like.

Compensation 52

Compensation Strategy Compliance Training Employer Branding 52

Zenefits

MARCH 21, 2019

Misclassifying exempt vs. nonexempt employees, workers, or independent contractors is one of the most common reasons small businesses are fined– sometimes with amounts of up to millions of dollars. Department of Labor’s (DOL) Wage and Hour Division. The history of categorizing exempt vs. nonexempt employees. Wage tests.

Wage and Hour Training 28

Wage and Hour Training Hiring Software Bonuses and Incentives Compensation 28

Payactiv

FEBRUARY 8, 2022

Payactiv is proud to be the pioneer of Earned Wage Access (EWA), a leading tool for helping employees take better control of their finances, but before we delve into this, let’s look at the workplace impact of employees with poor financial health. Lower productivity levels (32% vs. 5%) than peers without financial worries.

HR Software 52

HR Software Planning Tools PayActiv Tools 52

Helpside

APRIL 5, 2022

This blog was written by Florencia Ramos, Senior Payroll Specialist at Helpside. Employers also contribute to FUTA based on employee’s wages. Lastly, employees typically work for a business or employer indefinitely and receive hourly rate of pay or a set salary.

Hiring Software 59

Hiring Software Employment Law Onboarding Software Planning Tools 59

Decusoft

NOVEMBER 5, 2021

In a 2021 salary survey, Willis Towers Watson reported that a majority of companies surveyed plan to raise wages an average of 3% during 2022. Don’t Confuse Wages With Bonuses. There’s another big downside to a short-term focus on compensation vs. aligning pay to the organization’s VC&E strategy.

Compensation 52

Compensation Strategy Payscale Hiring Software 52

Netchex HR Blog

SEPTEMBER 8, 2023

Shift differential vs. overtime pay Overtime and shift differential are similar, but two very different things. Several factors can go into determining the percentage, such as job responsibilities, experience, hours already worked, and whether the employee is hourly vs. salary. How do you calculate shift differentials?

Hiring Software 105

Hiring Software Staffing Software HR Software Recruiting Software 105

Ongig

JUNE 8, 2023

If you list salary, and we think you should, JDs also help with future pay raises and promotions (with fairer practices and transparency). Here’s a side-by-side comparison of a job description vs job posting from Elastic that shows the differences you might find between the 2: 6. Well-written JDs remove unconscious biases.

Background screening 52

Background screening Compliance Training Diversity Talent Experience 52

Decusoft

JUNE 24, 2021

Individual Incentives vs. Group Incentives. A bonus is paid in addition to the executive’s base salary and is always in the form of cash. When it comes to salary planning, pay close attention to the finer points and the true desires and wishes of the workers. Duration of service and starting pay. No c onflicts of interest.

Planning Tools 52

Planning Tools Bonuses and Incentives Interview Software Recruiting Software 52

Capterra

OCTOBER 4, 2018

Basic economics says that when unemployment is low and the number of job openings is high , companies should raise wages to compensate. In fact, in some sectors, wages are falling. If you can’t justify raising salary and wages, cut costs for your workers in other ways.

Retention and Turnover 93

Retention and Turnover Hiring Software ATS Compensation 93

HRsoft

OCTOBER 15, 2018

Here are some of the main factors to consider: • Fixed vs. Variable: Businesses can choose to pay employees a flat salary, hourly wage tied to time, or piece rate that fluctuates based on work outputs. Effort vs. Result: Some employers reward based on efforts, while others pay based on results.

Planning Tools 40

Planning Tools Hiring Software Compensation Software 40

Zenefits

APRIL 10, 2018

According to 2017 legislation, this April marks the deadline for all UK companies with over 250 employees to release their wage data to the public. Without similar legislation keeping US businesses transparent, we’re here to offer some insights and solutions to the pervasive and long-overlooked gender wage gap. The Perception Gap.

Hiring Software 31

Hiring Software Zenefits HR Software Compensation 31

HRExecutive

JULY 26, 2017

As you may recall, the rule was blocked last November by a Texas federal judge before it would have expanded overtime protections to over 4 million workers, by more than doubling the annual salary level at which workers must be compensated for overtime pay, from $23,660 to $47,476. Should there be multiple salary levels in the regulations?

Compensation 40

Compensation Policies Course Industry 40

Decusoft

AUGUST 11, 2021

Sales managers need a balance of base salary and variable incentives that motivate them to lead their team. Base salary. Salary plus sales commission. You can also find out more about individual vs. team incentives here. Their salary and commission agreements should reflect this. Common Compensation Package Models.

Compensation 52

Compensation Planning Tools HR Planning Bonuses and Incentives 52

Zenefits

MARCH 28, 2018

Read on for an overview of the options for new parents in these areas, and follow the Zenefits blog to find out how we can help you comply with new regulations in your state or city. Additionally, California’s Paid Family Leave legislation allows employees to receive wage replacement benefits during leave to bond with a new child.

Zenefits 34

Zenefits Payroll Compliance Policies 34

Compensation Cafe

DECEMBER 15, 2017

Just think how much more budget you would have available to increase the salary of key employees, invest in additional training opportunities for high potential employees, or simply hire more staff to relieve the burden on over-worked employees if you didn’t have to spend it replacing the ones you should have retained in the first place.

Retention and Turnover 40

Retention and Turnover Wage and Hour Training Compensation Employee Recognition 40

Effortless HR

SEPTEMBER 7, 2012

The Fair Labor Standard Act (FLSA) provides the regulations that inform employers about wage and hours, and most specifically the FLSA regulates the status of employees and their availability to receive or not receive overtime pay. – Exempt vs Non-Exempt vs Independent Contractor appeared first on EffortlessHR Blog.

Hiring Software 75

Hiring Software Planning Tools Hiring Compliance 75

Zenefits

JUNE 24, 2020

Microsoft and Netflix are just a couple of the companies that announced on their blogs and websites that they’re channeling funds to BLM, organizations for racial and social justice, Black and minority-owned businesses , and academic enrichment programs. Median-wage earners. Low-wage earners. Asian: $133,529. White: $117,986.

Hiring Software 41

Hiring Software Sexual Harassment Discrimination Recruiting Software 41

TLNT: The Business of HR

JUNE 12, 2015

Sometimes, it’s an innocent mistake, but other times it’s a deliberate decision made to avoid the potential costs of non-exempt employees; namely overtime wages. Exempt vs non-exempt is governed by Fair Labor Standards Act (FLSA ) and the U.S. How to determine exempt vs. non-exempt. Big penalties if you get it wrong.

HR Software 40

HR Software Exercises Meeting Course 40

Business Management Daily

MAY 17, 2022

In reality, the businesses that keep their best employees happy and engaged spend more time and money investing in their people—not just with salaries, but with incentives and carefully planned employee development programs. They mistakenly assume that providing a job is all there is to employee experience. The 3 Things Employees Need.

Employee Engagement 59

Employee Engagement Retention and Turnover HR Planning Hiring Software 59

DailyPay

NOVEMBER 2, 2017

Will those same applicants accept a lower salary if they were to receive daily pay versus weekly pay? Test 1: Daily vs. Weekly Pay. Test 2: Daily Pay with Lower Wages. vs. Weekly Pay. vs. Weekly Pay. On-Demand Pay Survey Methodology. To our surprise, the lower-bonus job received 1.5 times more applications.

Bonuses and Incentives 40

Bonuses and Incentives Recruiting Software Recruitment Onboarding Software 40

ApplicantStack

NOVEMBER 28, 2023

In recruiting discussions, the concept often comes up when talking about whether salary ranges should be included in listings. Pay Transparency vs. Pay Equity In conversations around pay transparency, the concept of pay equity may come up. In Chicago, city departments may not request salary history.

Hiring Software 72

Hiring Software ApplicantStack Interview Software Onboarding Software 72

HR Daily Advisor

JULY 18, 2016

There are three basics for responding to the new rule: Get up to speed on exempt vs. nonexempt. Two important points to consider: Wage/hour lawsuits are attractive to plaintiffs’ attorneys because judgments include attorneys’ fees. There may be personal liability for wage/hour violations. Train your managers. Social Media.

Wage and Hour Training 40

Wage and Hour Training Handbook Hiring Software Harassment 40

Replicon

AUGUST 23, 2023

Read this blog to understand how time theft occurs and what you can do to prevent it. Employees in any type of industry can commit this act, but it’s more common among employees who are paid by the hour instead of salaried employees. Besse vs. Reach CPA Inc.: hours of time theft based on her annual salary.

Planning Tools 98

Planning Tools HR Software Wage and Hour Training How To 98

Thrive Global

APRIL 15, 2020

As part of my series about “the five things we need to do to close the gender wage gap” I had the pleasure of interviewing Jiab Wasserman. She also writes for a personal finance blog at Humbledollar.com where she wrote about gender pay gap in a three-part series. Can you explain three of the main factors that are causing the wage gap?

Wage and Hour Training 36

Wage and Hour Training Hiring Software Time and Attendance Retirement 36

Talmetrix

MAY 4, 2017

The following post originally appeared on the iReportSource blog. These components are often talked about for professional salaried workforces, but are critical elements for any position including lower-wage, high turnover, lesser-skilled positions, as those are often higher-risk.

Employee Engagement 40

Employee Engagement Interview Software High Performance Culture Compliance Training 40