article thumbnail

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.

article thumbnail

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. These bonuses might be given to encourage punctuality and reduce absenteeism.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Guide to Hiring Employees in Ukraine

Recruiters Lineup

Types of Employment Contracts: Ukrainian labor law recognizes several types of employment contracts, including fixed-term contracts, indefinite-term contracts, and part-time contracts. Bonuses and Benefits: Non-monetary benefits such as health insurance and other perks might be included in the overall compensation package.

article thumbnail

Guide to Hiring Employees in the Bahamas

Recruiters Lineup

Additionally, employers should be mindful of overtime regulations, bonuses, and other forms of remuneration to guarantee compliance with the legal framework governing employee compensation. Once you have a grasp of the legal framework, it’s time to embark on the recruitment and hiring process.

article thumbnail

Core components of Payroll | The Actual Payroll Process

Keka HR Blog

Payroll is a financial record of compensation paid to an employee as salaries, wages, bonus, or deduction. It is given for the work done during a particular period of time. Payroll processing is referred to as the administration of an employee’s financial records as well as involves tedious routine work. Actual payroll process.

Payroll 52
article thumbnail

What Is Human Resources?

Analytics in HR

Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses. Employee participation and communication – HR delivers relevant and timely information to employees. They even permit their workforce to work on their projects for 20% of their time.

article thumbnail

Employee Salary Revision, Arrear Processing & Bonus Payments – Detailed run through

Keka HR Blog

Salary structure in payroll includes different segments relying upon organization standards. Salary increment is only one part of basic salary component for an increase in pay in the basic based on either on yearly basis in time scale. What are Salary Arrears in Indian Payroll? Salary Revision. Salary Arrears.