article thumbnail

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.

article thumbnail

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.

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 the Bahamas

Recruiters Lineup

Employers should be aware of the specific requirements for drafting contracts, including provisions related to working hours, wages, leave entitlements, and termination procedures. Minimum Wage and Compensation: Bahamian employment laws dictate the minimum wage rates, which are crucial considerations during the hiring process.

article thumbnail

5 Ways To Create the Perfect Compensation System

Hppy

Many ad-hoc HCM solutions lack flexibility and overcomplicate systems. As a result, businesses must choose between constructing their own compensation management system, continuing to use Excel with all of its limits and risks, or using a web-based (SaaS) best-of-breed solution. Refine Your Compensation System Regularly .

article thumbnail

Lessons Learned: HR, Employee Communications and COVID-19

Flimp Communications

For those of us in HR and employee communications, these are the times we’ve been training for all our careers. It may not feel like it as many of us sit in varying degrees of lockdown, but we’ve gone through an incredible learning process and we’re rising to the occasion. What do we do about it?

article thumbnail

Lawsuit highlights the risk of unpaid training time

Ohio Employer's Law

Employment Law 360 reports that Hawaiian Airlines has been sued by a group of employees claiming that their mandatory unpaid 10-day customer service training course violated the Fair Labor Standards Act. Secondly, it counts towards the number of hours worked in a work week for determining overtime eligibility.

article thumbnail

“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. I graduated with a Bachelor’s degree in Management Information Systems and a minor in IT. I stumbled and fell and learned a lot through it all.