Remove 2016 Remove Bonuses and Incentives Remove HR Planning
article thumbnail

The 2016 #FLSA Overtime Changes: What #HR Needs to Know

HR Bartender

If you’re in the HR world, you know that the much-awaited final ruling came from the U.S. Specifically, employers can include non-discretionary bonuses, incentive payments and commissions to satisfy up to 10 percent (10%) of the minimum weekly salary. The effective date of the new rules is December 1, 2016.

article thumbnail

HR Budgeting: Meaning, Importance, and Process

Vantage Circle

Planning an HR budget might sound like a tedious task, but that isn't always the case. A well-planned and thoughtful HR budget ensures that there's adequate funding to support employee programs and initiatives. What is an HR budget? HR budgeting is a big part of the total rewards strategy in an organization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A New Management Mindset: 6 Keys for Greater Staffing Stability

HR Daily Advisor

It takes a new way of leading, planning and operating. In most organizations, long-term incentives are gone. Take a look at your current incentives for staff. Are your staff rewarded for recruiting new hires and given tenure bonuses tied to how long those new hires stay? Here are some strategies we suggest.

article thumbnail

8 Employee Incentives That Work: Best Practices from US MNCs

Empuls

Employee incentives that work are essential for boosting motivation, engagement, and productivity within an organization. Research consistently shows that effective incentive programs lead to higher performance levels, lower turnover rates, and ultimately, a stronger bottom line. What is an Employee Incentive?

article thumbnail

Workers gaining clout in salary discussions? Doesn’t look like it

HR Morning

employees are expected to hold steady at 3% in 2017, according to a survey by HR consulting giant Willis Towers Watson. The survey found that virtually all respondents (98%) are planning to give employees raises next year, with salaries for exempt (i.e., Employers are also planning 3.0% But pay raises for U.S.

article thumbnail

The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold. As a result, organizations are focused on understanding which employees are affected by the change and what actions the company should take , if any, as a result.

Paycom 150
article thumbnail

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. Perhaps you really are hiring the wrong people and/or it is time to revamp the interview process, selection criteria, and applicant communication plan.