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4 compensation strategies to respond to rising minimum wages

HRExecutive

That’s the sound of 27 states implementing minimum wage increases in 2024 or in the near term via annual indexed increases or tiered jumps. per hour for non-exempt workers. . per hour for non-exempt workers. The minimum wage in the remaining states ranges from $8.75 according to a Paycom report.

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Top 2023 Trends in Compensation Strategy 

EmployeeConnect

On the one hand, there is high inflation which is making every company implement a compensation strategy for the employees. So, employers will have to tread the path of work compensation carefully. This article will discuss the top trends in the compensation strategy in 2023 and help you understand its mechanics in detail.

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Customers React Negatively to Wage Gap Disclosures, HBR Study Finds

Trusaic

Lawmakers across the globe are finding that pay data reporting requirements for employers are critical for helping to close the gender wage gap. mandatory public disclosure of wage gaps lays bare the integrity of an organization’s pay practices. As recently seen in the U.K. and states throughout the U.S.,

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Top 15 Tips to Track Payroll Metrics

HR Lineup

Accurate and efficient payroll processing ensures that employees are compensated correctly and on time, while also helping businesses comply with various regulations and tax requirements. Automated payroll systems can calculate wages, deductions, and taxes accurately, reducing the likelihood of errors and ensuring compliance with regulations.

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Contract Worker Rights: New Jersey & Illinois Break the Mold

Trusaic

Wage deductions for transportation, background checks and cashing paychecks are prohibited. ” Wage deductions for transportation, background checks and cashing paychecks are prohibited. Costs of meals and equipment can only be deducted provided the hourly rate does not fall below the minimum wage.

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HR Operations: 5 Proven Ways to Improve Any HR Team

Primalogik

We’ll explore the key functions of HR operations, sharing updates and trends for 2022. Emerging Trends in HR. HR operations fall into three main areas, they add: staffing, compensation, and designing work. . They can also periodically assess individual training needs, so they can design the necessary solutions.

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3 Frontline Worker Trends: Salary, Shortage, and Support

Lighthouse

With some firms laying off workers or freezing hiring, others are still going nearly as fast as they possibly can. The last data from the BLS shows that job openings increased to 10.7 The last data from the BLS shows that job openings increased to 10.7 million on the last business day of September, a surprise uptick.

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