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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 the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? Act, such as adapting payroll and record-keeping systems. .: employer-sponsored 401(k) plans. The SECURE 2.0

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How to handle compensation during uncertain times

Insperity

From the employee perspective, pay freezes are usually preferable to reductions in regular wages or interruptions to payroll. Adjustment of annual incentives or targets. You have the option to end bonuses that employees can earn – usually on a quarterly, semiannual or annual basis – for meeting predetermined performance criteria.

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More Retirement Plan Options—Which One Is Right for Your Business?

HR Daily Advisor

Employers can assist employees by providing a Payroll Deduction IRA option, in which the employee sets up the IRA separately and advises the employer how much of their paycheck they would like put into it each pay period. As mentioned yesterday , SIMPLE stands for Savings Incentive Match Plans for Employees of Small Employers.

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24 metrics your C-suite expects your human resource management software to report on

cipHR

Compliance reporting HR software should help ensure compliance with employment laws and regulations including GDPR compliance. This has an implication for compliance, and there’s an assumption that greater training uptake translates into better skilled, more engaged employees. How does your HR software stack up?

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A Motivated Workforce: The Key To Success for Holiday 2020

DailyPay

There’s also a couple of recommended related resources that you can download as you are researching this top and read for follow-on. Her areas of expertise include leading enterprise wide HR projects such as influencing managers driving organizational incentives, cost benefit and compensation analysis.