EmployeeConnect

MARCH 15, 2023

This article will discuss the top trends in the compensation strategy in 2023 and help you understand its mechanics in detail. A compensation strategy simply refers to a holistic compensation management system, including the salary, bonuses, and benefits structure for your employees. What is a Compensation Strategy?

Compensation

HRWatchdog

FEBRUARY 23, 2023

5th 159 (2023)). He was a nonexempt employee who regularly worked more than 12 hours per day and more than 40 hours per week. His compensation was calculated based on an annual Incentive Compensation Plan. Under the plan, his compensation was a combination of hourly wages and a nondiscretionary monthly bonus.

Wage and Hour Training

AIHR

FEBRUARY 10, 2023

Typical examples include health insurance, paid time off, and life insurance. Perks serve as incentives or extra rewards that make an employer more appealing to work for. For example, 88% of job seekers consider health, dental, and vision insurance benefits, as well as flexible hours, in their job search.

Employee Benefits

Heyyy HR!

JUNE 5, 2024

Bonuses/Incentives : Often linked to performance, bonuses are meant to motivate employees to achieve certain goals. Are salary negotiation conversations hard for you? Do you find yourself accepting the first offer when presented with a job offer? Are you confused about the salary for different roles?

Wage and Hour Training

Compensation Cafe

NOVEMBER 11, 2021

We learned of the benefits of working without commutes and someone constantly watching over our shoulders. We also learned that many of us thrived in the social community that our workplace offered us. Either you worked a million hours, answered emails on the weekends, and made your job your “family” or you weren’t successful.

Wage and Hour Training

Zenefits

FEBRUARY 7, 2023

What do employees want in a new job in 2023? per hour in September 2022. per hour in September 2022. Wages and salaries accounted for 69%; additional benefits accounted for the remaining 31%. More pay transparency Pay transparency is going to be a factor in 2023 as pay equity continues to be in the forefront.

Compensation

HR Defense

NOVEMBER 20, 2023

60 Seconds of Background The FLSA requires employers to pay employees overtime for all hours worked over 40 in a single workweek. 60 Seconds of Background The FLSA requires employers to pay employees overtime for all hours worked over 40 in a single workweek. to compute the overtime rate. DOL last raised these thresholds in 2019.

Wage and Hour Training

Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction. Wondering what kind of benefits are offered to employees in the UK?

Employee Benefits

Business Management Daily

APRIL 25, 2023

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Read on to learn how you can satisfy the needs of modern employees without bankrupting your business in the process.

Talent Experience

AIHR

JULY 31, 2023

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Human Resources is both a function and a department within an organization.

HR Planning

Terryberry

FEBRUARY 14, 2024

You may have an incredible employee recognition program in place, but if you're not providing at least a livable wage, your recognition program will do little to incentivize performance and boost morale. Ultimately, people want to be paid well and treated well.

Compensation

WEX Inc.

NOVEMBER 20, 2024

Tthe American Trucking Association noted a slight drop in the cost of parts and labor in the second quarter of 2023. Fleets are not immune to the modern challenges businesses face. Fleet managers must navigate things like inflation, high volatility in fuel costs, and fluctuating interest rates. This has put business leaders on defense.

Planning Tools

Zenefits

NOVEMBER 17, 2022

Repowered provides ex-incarcerates with jobs and training. Businesses also know that offering benefits and perks pays off in attracting, hiring, and retaining workers. Their reasons for offering both types of incentives may differ, but, according to Business.org, the top reasons for offering them are to: Attract top talent.

Employee Benefits

Astron Solutions

JULY 14, 2023

Ready to learn the ins and outs of pay transparency? There’s been a lot of buzz lately around the topic of pay transparency as more and more states across the U.S. have begun enacting legislation that requires employers to make salary information more accessible for both current employees and job seekers. Let’s dive in.

Compensation

Affinity HR Group

SEPTEMBER 27, 2022

Many candidates report “giving up” trying to apply online because of a confusing/convoluted/redundant application process. Wage Growth. The Conference Board recently reported that real wages are on track to increase 3.9% Wage growth will also vary by geography. Please note, the JOLTS report data lags two months. .

Wage and Hour Training

Astron Solutions

JANUARY 3, 2023

Base Pay Trends for 2023 As your organization budgets for base pay adjustments in 2023, you’ll need a strong understanding of the health of the U.S. Trends Different Forecasts for the 2023 U.S. Economy Some experts have forecasted a major recession and the return of higher unemployment later in 2023.

Compensation

Recruiters Lineup

DECEMBER 22, 2023

In Poland, an employment contract must be in writing and include essential terms such as job duties, working hours, salary, and the duration of the contract (if fixed-term). Working Hours: The standard working week in Poland is 40 hours, typically spread over five days.

Video Recruiting

Terryberry

JANUARY 16, 2024

On October 30, 2023, the United Auto Workers (UAW) called off their 6-week-long strike marking a momentous occasion for workers everywhere. Here, we’ll take a deeper look at what happened with the UAW, how it was resolved, and what it means for employee engagement as a whole going forward. of the US GDP. of the US GDP.

Wage and Hour Training