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Five Ways to Cut Labor Costs with Effective Business Systems

UKG

The combination of employee wages (both hourly and salaried), benefits packages, overtime pay, paid time off and sick leave, employee wellness programs, and other labor-related expenses is an especially important consideration for a small business owner. Coordinate Payroll and Scheduling. Increase Flexibility. Diversify Skills.

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The True ROI of Automating Time and Attendance

UKG

While it’s true that workforce management software is an investment, it’s one that will almost always pay off in the long run. Staying compliant with time and attendance regulations takes a lot of work, but that work pays off. Here are a few of the cost-saving results you may notice after investing in a new solution.

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Minimum Wage, Maximum Pressure: The Journey Toward $15/Hour

UKG

On April 27, 2021, President Biden signed a new Executive Order, “ Increasing the Minimum Wage for Federal Contractors.” No one … working 40 hours a week should live below the poverty line.”. As of January 1, 2021, 29 states and the District of Columbia have minimum wage provisions higher than the federal, while 2 1 states use the $7.

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Workforce Optimization Best Practices for Blue Collar Employers in Labor-Driven Industries

UKG

A few common labor costs to account for include: Hourly and salaried employee wages. Sick leave, vacation days, and other forms of paid time off. Learning management and training programs. The tricky thing about workforce management is remembering how much management it really involves. What is workforce optimization?

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4 Ways Blue Collar Employers Can Improve Employee Relations

UKG

It’s a well-known fact within skilled labor industries that retaining quality employees is a never-ending challenge. Recent studies show that the t urnover rate in blue collar industries such as manufacturing, warehouses, transport, and construction stands at a striking 20%. That level of churn can hurt an organization in a number of ways.