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New Overtime Rule: Minimum Salary Raised to $35,568


Employers can use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10% of that amount. What is the new minimum salary amount for highly compensated employees?

Attract And Manage Top Talent In Your Small Business


Maybe you don’t have the ability to woo talent with big signing bonuses and salaries. Implement a bonus structure in addition to annual compensation to attract and incentive your employees.

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The Small Business Guide to 401(k) Matching


Between the tax advantages and this year’s higher contribution limits, employees have plenty of incentive to put money aside for retirement. So how does this important incentive work? A common enhanced matching formula is 100% match up to 4% of compensation.

Sales Job Offer Letter template


Keep in mind that this template is not a legal document and may not take into account all relevant local or national laws. Here are a few ways to create more attractive sales job offers: Create clear compensation plans with attainable goals. Compensation packages for salespeople often include performance-based commission or standard bonuses (when the entire sales team achieves quotas, or when the entire company achieves its goals.) Bonuses. Cash compensation.

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


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.

I’m With the Government, and I’m Here to Help

HR Daily Advisor

Shift differentials, on-call payments, performance or incentive bonuses, and commissions are just some of the payments that the DOL often flags. In a nutshell, working time is compensable when the employee performs tasks at the employer’s direction or on its behalf.

Developer Job Offer Letter template


Keep in mind that this template is not a legal document and may not take into account all relevant local or national laws. Compensation: [ e.g. Your annual gross salary will be $X (12 monthly wages per year). ]. Bonus: [ If applicable, mention any bonus options you offer, e.g. $X sign-on bonus.]. Cash compensation. Bonus potential. Cash Compensation. Bonus potential. Your target bonus will be equal to [ % ] of your annual base salary.

Why HR is Important – Even for Startups

marenated HR

But because many tasks, like payroll, can be completed automatically through software, many startups default to self-maintenance. Michal Lev-Ram ( @mlevram ), Senior Writer at Fortune Magazine, said: “Still, it’s understandably hard for some early-stage companies to see the need to invest in HR when the more apparent demand is for technical skills, and when software and outside firms can do most of the menial tasks performed by human resources departments, like payroll and benefits.”.

2019 HR & Compliance Web Summit: Executive Summary


They also raised the total annual compensation requirement for highly compensated employees from $100,000/ year to $107,432/ year. Are we compensating employees correctly based on market rates? Metric: Actual Total Compensation vs. Budget. Payroll Compliance – FLSA.

Hiring? Use These Job Offer Letter Samples and Templates


During your employment, you will be paid a base salary at the annual rate of [Yearly Compensation]. Your compensation will be paid in regular installments in accordance with the Company’s regular payroll process, and subject to applicable tax and other withholdings. Discretionary Bonus: [Bonus Amount]. The Company reserves the right, in its sole discretion, to change your compensation and/or employee benefits at any time on a prospective basis.