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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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Two in five employees are working extra hours as cost-of-living crisis bites

cipHR

New research suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022.

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Workers in North West most likely to be researching pay rises online

cipHR

Online searches about pay rises have almost doubled in 2022. . A recent study by HR and payroll software provider Ciphr found that more people living in the Midlands and North of England search online for information and advice about the cost-of-living crisis than anywhere else in the UK.

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6 Tips To Streamline Your Daily HR Workflow 

Hppy

It includes managing staff payroll and benefits, developing training programs, and promoting a safe working environment for everyone in the organization. Traditionally, you’ll have to track employee hours with a timesheet, prone to human error and inconsistencies. Hence, the need for an efficient workflow process.

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5 Ways To Create the Perfect Compensation System

Hppy

Examine the wage scale at your organization to discover how many workers are on the high end, low end, or in the center. It’s not a question of if, but when, the system will fail you and cost your company a staggering amount of time and money in a data breach. Many ad-hoc HCM solutions lack flexibility and overcomplicate systems.

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“Five things we need to do to close the gender wage gap”, with Jessica Wooke of RobustWealth

Thrive Global

As part of my series about “the five things we need to do to close the gender wage gap” I had the pleasure of interviewing Jessica Wooke, Chief Experience Officer at RobustWealth. It was a heavily male-dominated field, and I learned a lot about engineering, teamwork, leadership and even myself.

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Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation analysis reviews look at both internal and external data to see whether an employer is paying workers equally for the job they do. What Are The Benefits of Compensation Analysis ?