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HR vs. Payroll: What’s the Difference?

Zenefits

Payroll and HR often work together, but seeing where the line gets drawn can be challenging. With small teams, HR can handle payroll, making the lines even blurrier. If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. What are HR functions?

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Incentive pay strategies: a step-by-step guide for small business owners

Homebase

Forget the notion that you can’t rush someone who gets paid by the hour, because incentive pay has the remarkable ability to fuel motivation like nothing else. While it may sound like a dream, it can be your reality with the right incentive pay program. What is incentive pay?

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What is Supplemental Payroll? Types and Importance

Helpside

The supplemental tax rate varies from state to state, so it is important for employers to figure out what their state’s supplemental tax rate is. Types of supplemental pay Some examples of supplemental wages include: Bonuses Back pay Reimbursements (i.e., The post What is Supplemental Payroll?

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The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

Analytics in HR

Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results. Contents What is sales compensation?

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Non-discretionary vs discretionary bonuses: Do you know the difference?

Homebase

Bonuses are a great way to show your hourly employees that you value them and their contributions to your business. But bonuses can also be complicated. Non-discretionary bonuses are often used to incentivize employees. For example, a team of baristas might be promised a bonus if they exceed a customer satisfaction benchmark.

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Are Employees Motivated by Money?

Hppy

Motivating employees with money can include pay raises for good work, bonuses, monetary incentives, and commissions. For example, some may use it for practical purposes like paying off debt or saving, while others may splurge on a new car or vacation. It is also linked to status, which may be important to some employees. .

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A Quick Guide to Tax Rules for Employee Incentives & Rewards

Fond

Employee incentives and rewards are a type of benefit employers can offer to boost employee morale, reward good work, and recognize employees for their service. It’s a large category including things like cash bonuses, gift cards, discounts, service awards, charitable donations, swag, and other benefits.