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What Is Human Resources?

Analytics in HR

What is Human Resources? Human Resources is both a function and a department within an organization. Human Resources also refers to the workforce or people employed in an organization. Human Resources Management (HRM) is a systematic approach to managing the company’s workforce to help meet organizational goals.

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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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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Bonuses and Commissions: Additional incentives provided to employees based on performance, sales targets, or other predefined criteria. Payroll Taxes: Taxes withheld from employee paychecks, including income tax, Social Security, Medicare, and unemployment taxes, along with any contributions made by the employer.

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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP? Does not include 1099 payments.

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Redefining Compensation: Cultivating Success Through Progressive Remuneration Strategies

EmployeeConnect

It’s a comprehensive offering, a smartly crafted tapestry of benefits and incentives designed by an organisation for its workforce. Performance bonuses, incentives, or commissions are common forms of such rewards. Unfamiliar with the concept? Let’s explore and broaden the perspective. What Exactly Is Remuneration?

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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. Lower staff turnover means less time and resources are spent looking for and training new staff. Monetary rewards are easy to distribute from a company perspective since it is added to the payroll.

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Payroll Adjustment

Zenefits

And every change requires a payroll adjustment. Human Resources professionals involved in overseeing the adjustment process should understand why payroll adjustments are important and how the process works. Payroll adjustments must be timely and accurate for 2 main reasons: To ensure that employees receive the correct pay.

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