article thumbnail

What is Compensation Management?

Zenefits

It’s important for business owners and HR leaders to know how compensation management works, the benefits, and what to consider before investing in an appropriate system. . What is compensation management? It also involves managing company benefit programs to make sure they meet the needs of the current workforce.

article thumbnail

Best retail payroll software services and how to choose what’s right for your small business

Homebase

Do you find that manually running payroll for your small retail business is time-consuming and stressful? If you’re thinking yes , you’re in the same boat as 70% of small business owners who feel payroll and tax calculations add a significant burden to their workload. Homebase makes payroll painless. Learn more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

(Editor’s Note: Today’s post is brought to us by Paycom , a leading provider of comprehensive, cloud-based human capital management software. Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold.

Paycom 150
article thumbnail

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

ConnecTeam

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. Inclusion of non-discretionary bonuses and incentive payments.

article thumbnail

A Guide to Planning Your HR Budget for 2022

Analytics in HR

Take into account: Employee salaries Health insurance Life insurance Retirement plans Paid time off Overtime pay Bonuses Other perks. Employee relations and talent management. Consider other ways to boost incentives and recognition for your best workers when planning the budget for this category of expenses.

article thumbnail

Decusoft launches a new version of Compose, its industry-leading compensation planning & management platform

Decusoft

It brings all the key employee, job and salary structure, performance, and financial data into one secure system, making it easy to monitor and plan compensation changes no matter how nuanced or complex the bonus and incentive structure is.

article thumbnail

Top 15 Compensation Management Tools in 2021

Vantage Circle

CompAnalyst also integrates seamlessly with payroll and HR budget systems, while automatically syncing internal data like job titles, employee performance , salary, and more. Paycom is a single software platform that combines HR and payroll technology for an effective employee life-cycle. Features: User, Role, and Access Management.