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The Compehensive Dictionary of HR Terms To Know [In 2024]

AIHR

It’s a handy reference to refer to the next time you encounter an unfamiliar term. Garden leave Garden leave refers to a period during which an employee is paid to stay away from work, typically after resignation, to prevent them from starting a similar job or sharing sensitive company information. ” 7. ” 10.

COMPAS 113
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HRIS Requirements Checklist: A Guide for Getting Started

AIHR

Overtime calculation Automatic deductions Salary administration and history Commissions and bonuses Banking and tax information Incentive management. The cloud, also referred to as Software as a Service (SaaS), is a network of servers that store data, run applications, and provide online service. Benefits management.

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Save on taxes: Bonus depreciation for business vehicle purchase

WEX Inc.

There may be replacements needed, in which case you may be thinking through costs and planning a best approach to swap out old vehicles. In this article we talk you through how to save money using bonus depreciation for vehicles you purchased in 2024 for your small or large business fleet.

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Tips for Setting, Measuring, and Tracking Employee Goals

Netchex HR Blog

Achievable: Optional stretch goals can have bonus incentives attached, but SMART goals should be realistic without relying on extreme effort or luck. Motivation and incentives What types of incentives would be appropriate for your workplace? Measurable: Metrics allow you to define progress, improvement, and success.

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How To Create Your Total Compensation Statement Template [FREE Download]

AIHR

It outlines all the financial and employer-paid benefits an employee receives, including bonuses, incentives, retirement contributions, health insurance, paid time off , and other perks like wellness programs or tuition reimbursement. Dont misrepresent compensation value by inflating figures or including perks employees dont use.

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Employee Referrals – An Overlooked Hiring Resource

Hospital Recruiting

They’ll likely take an interest and the initiative to assure the person they referred is successful in the work and adapts well to the culture of the facility. Employee referrals can also reduce time to hire – in some cases referred candidates are hired 55% faster than other sourced job seekers. Employee referrals by the numbers.

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A Quick-Start Guide to Creating a Salary Structure for Your Company

Insperity

You can extract the market rate data and analyze it based on simple comparisons – the dollar and percentage differences between what employees are paid at your company and what the market rates are for similar positions – and more advanced statistical procedures. This might include es-tablishing incentive or bonus plans (i.e.,