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Top 5 Work Hours Trackers For Your Small Business

Homebase

An accurate way to track employee hours is essential to so many different aspects of your business. If you’re not properly tracking hours worked, it can negatively impact everything from resource planning to project management to employee morale. What is a work hours tracker? Why is it important to track employee hours?

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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. Companies will want to ensure that their compensation packages remain in alignment with the market — otherwise, they risk losing staff to other businesses that offer higher salaries. . What Is a Compensation Analysis?

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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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California SB 1162 Advances Through Senate Committee

Trusaic

During her opening remarks before the Senate Judiciary Committee, Limón cited several key facts for supporting SB 1162, including that the top 100 publicly traded companies already disclose this type of pay data. million reported workers, women are overrepresented among low-wage jobs in comparison to men.

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

HR Lineup

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.

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California SB 1162 Continues Through State Legislature

Trusaic

Both California Labor Federation and Equal Rights Advocates vocally supported the bill as well. SB 1162 makes significant amendments to California’s SB 973 pay data reporting law by specifically enhancing the reporting aspect for employers. . It passed in a 4-2 party-line vote. What’s next for SB 1162?

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Shift Differential: What It Is & How to Calculate It

Replicon

Many businesses stay open outside the general 9 to 5 business hours to keep up with customer demand, especially during the holiday season. However, convincing employees to take up shifts outside business hours is challenging. but some pay it for split shifts as well. That’s where shift differential can move the needle.