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Retail Turnover Rates In 2021

DailyPay

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often. READ THE EBOOK.

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Top 15 Tips to Track Payroll Metrics

HR Lineup

Some common payroll metrics include labor cost percentage, overtime percentage, turnover rate, absenteeism rate, and compliance with labor laws and regulations. Automated payroll systems can calculate wages, deductions, and taxes accurately, reducing the likelihood of errors and ensuring compliance with regulations.

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

HR Lineup

Overtime Pay: Compensation for hours worked beyond regular working hours, often paid at a premium rate. Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits. However, their value goes beyond just their salaries.

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How this HR’s Rising Star and ‘numbers person’ innovates in hard-hit hospitality

HRExecutive

And today, he’s doing just that as Aimbridge leans on data-driven innovation to create its post-pandemic workforce. Advertisement - As hospitality companies worked to right-side their finances in the ensuing years, one of the most visible effects was on staffing. .

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Payroll errors and how to avoid them

Homebase

It’s all too easy to make payroll errors, especially if you’re a small business owner with no payroll training and no dedicated bookkeeper. Consistent payroll errors can lead to poor staff retention , trouble with taxes, legal issues, and other payroll problems. Running payroll is complicated, even for the experts. What is payroll?

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Exempt vs. nonexempt employees: What the difference is and how to classify them

Homebase

Plus, it’ll help you avoid confusing payroll or scheduling issues, and you’ll ensure your employees are given appropriate hours, overtime, and benefits. Auto-convert timesheets into wages, catch errors, pay your team, and file taxes all in one place. So, if they work over 40 hours per week, they don’t receive extra compensation.

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4 Questions HR Leaders Need to Ask About Holiday Workers Now

Visier

With an unemployment rate at a 17-year low of 4.1%, retail and delivery companies have executed a variety of tactics to land workers in a tight labor market, whether it’s through candy and movie-ticket giveaway s or voluntarily increasing the minimum wage to $11 an hour. So what is the right worker experience mix?