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.

Retirement Savings? HSA, IRA or 401(k)

Benefit Resource Inc.

Verify HSA contributions, incentives or matching programs. Make sure you provide the required documentation and open that HSA. HSA Incentive Contributions. There are many flavors that an HSA incentive program takes on. Pay close attention to the details of the incentives and the time frames. For example, if you elect a $500 HSA contribution through payroll, your employer may match it as well. We all have the best of intentions.

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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.

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.

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. The U.S.

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. 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. Motivate potential sales hires to go beyond targets by offering incentives when they outperform their established goals. Bonus options.

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? We all want to find our perfect match—especially one we can retire with.

Are Your 401(k) Fees Too High?


Not only does this fee often get baked in your funds’ expense ratios, but this also means that brokers have a real incentive to pack a plan full of higher-cost funds (that include those 12b1 fees). Let’s get real about 401(k) fees.

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. Bonus: [ If applicable, mention any bonus options you offer, e.g. $X sign-on bonus.]. Bonus potential. The Company will pay you a starting salary at the rate of $[ Gross annual salary ] per year, payable in accordance with the Company’s standard payroll schedule, beginning [ start day ] and you will receive your first pay on [ date.

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


W&H is now permitting employers to use nondiscretionary bonuses and incentive payments paid on at least an annual basis to satisfy up to 10 percent of the salary requirement Want to learn more around wage and hour? Can you produce documentation to support a hiring decision?

Hiring? Use These Job Offer Letter Samples and Templates


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]. Stock Options: Pursuant to the Company’s Equity Incentive Plan (the “Plan”), you will be granted an option to purchase [Stocks Number] shares of the Company’s common stock at an exercise price equal to the fair market value of those shares on the date of grant.