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

UKG

Federal, state, and local compliance requirements. 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. Complex schedules and nontraditional shifts. Complicated labor costing.

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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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Understanding the Gender Pay Gap: The Importance of Gender Pay Equity

UKG

Over the past century, more and more women have been entering the workforce, obtaining higher degrees, and clocking in more hours. To better understand the gender wage gap, we’ll go over the importance of gender pay equity, starting with its history and ending with steps you can take to address the wage gap.

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Why Multi-jurisdictional Payroll Services Make Sense for your Business

UKG

In that situation, employees earning a wage in more than one tax jurisdiction need to have their taxes calculated, withheld, and reported to each jurisdiction individually. Those border-spanning requirements are exactly why Ascentis offers multi-jurisdictional payroll services. The old saying claims that “all business is local.”

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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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How to Get Employees to Clock In and Out

UKG

Some of the risks of employees failing to clock in or out habitually include: Spending too much time training workers on time clock management. What are the compliance risks of bad time clock habits? The problem becomes potentially more serious when it comes to compliance with federal regulations. Hours worked each day.

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How to Calculate Labor Costs

UKG

Bureau of Labor Statistics, the combination of wages and salaries with health insurance and other benefits costs employers between $36 and $52 per hour , depending on the industry. A direct labor cost is something that’s directly related to a product or service, such as the wage you pay service or manufacturing employees.