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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight? Payroll is usually one of a company’s biggest expenses – controlling overtime costs can increase profits. Benefits for all.

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight? Payroll is usually one of a company’s biggest expenses – controlling overtime costs can increase profits.

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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. In comparison, if a company meets or beats its annual expectations as the stock price increases over time, the executives will be greatly compensated. Bonuses and cost-of-living changes will all play a part in the compensation package.

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Benefits of Compensation Analysis

Decusoft

The aim of this guide is to give you a clear overview of total compensation analysis and the incentives that come with it. . You should be aware of the following main principles in compensation analysis : External Competition – Employers evaluate their pay data and activities in comparison to those of competitors. This can include: .

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Cost of Living vs. Cost of Labor — Is There a Difference?

Zenefits

Cost of living: a government-based metric using economic factors that look at how people spend money to live their day-to-day lives. Cost of labor: a metric based on how much employers must pay to hire for specific roles. Payroll taxes. Automate payroll. Automate payroll. labor costs. Answer to see the results.

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Pay transparency: the pros, the cons, and best practices

Workable

Zoë in her NBER paper discusses how transparency can lead comparisons with peers in a counterproductive way – if Jer learns that he’s making $10K less per year for the exact same role as Maria, he’s naturally not going to be happy. The good news is that this is only when you manage it poorly. This isn’t theory.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

From personalized plan comparisons to easy enrollment and on-demand access to benefits information, this platform empowers employees to make informed decisions that align with their unique needs and lifestyles. This includes metrics such as enrollment rates, claims data, and employee feedback.