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If your business involves multiple job sites, varying wage rates, and compliance with diverse tax regulations, managing payroll could be a major challenge. It is likely that your manual payroll makes it overwhelming to keep track of employee hours, ensure accurate payments, and comply with labor laws.
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Great staff is a critical element of success for every quick-service restaurant (QSR). However, the industry is renowned for its extremely high turnover rate. As of May 2024, the average employee turnover rate in the restaurant industry was 5.5%, compared to 3.4% across all sectors, according to the US Bureau of Labor Statistics.
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This update will drastically impact how businesses classify employees and calculate wages. This update will drastically impact how businesses classify employees and calculate wages. Enacted in 1938, the FLSA aimed to improve working conditions and ensure fair wages for American workers. What Constitutes Hours Worked?
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Here are the top ten HR trends for 2025: 1 – Continuing the HR + AI Revolution With every new year, HR + AI is one of the most talked about HR trends. Here are the top ten HR trends for 2025: 1 – Continuing the HR + AI Revolution With every new year, HR + AI is one of the most talked about HR trends.
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In such a competitive market, some industry insiders are predicting wages to increase by as much as 54%, with additional enticements like employee discounts and special shopping days added to entice new hires further. For employers, this volume of new workers presents significant hiring, onboarding and training challenges.
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The price of these losses is often misconstrued, seen as not easily measured, or dismissed as minimal since the expenses are primarily included in payroll expenditures. wage, advantages, and substitute workers) and the soft-dollar costs (e.g., Wages paid to absent employees. Do you know how much absences cost your business? .
When we look at old movies where employees are knocking off work, we often see them punch a time clock – an antiquated piece of technology that many have assumed had gone the way of the dodo. But surely there’s a better way? Improved accuracy. Fight fraud.
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Paycor is gathering top HR industry experts on March 10, 2016 for the Spring HR and Compliance Web Summit , a free all-day online conference to share best practices and tips for managing employees. Webinar description: Stacey Browning will consider new ways to approach the challenges of change management as it relates to HR and payroll.
Elevate your training beyond a blurb in the handbook. Create a comprehensive anti-discrimination training plan using how-to videos and assessments to ensure understanding. Create additional, in-depth training programs for managers. The expectations business leaders place upon their human resource departments are increasing.
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If you can’t offer a financial incentive for qualified referrals, consider alternative perks such as extra-long lunch hours or early finishes every Friday for a month. If you can’t offer a financial incentive for qualified referrals, consider alternative perks such as extra-long lunch hours or early finishes every Friday for a month.
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That’s the sound of 27 states implementing minimum wage increases in 2024 or in the near term via annual indexed increases or tiered jumps. per hour for non-exempt workers. . per hour for non-exempt workers. The minimum wage in the remaining states ranges from $8.75 according to a Paycom report.
HR technologies come in many forms, from payroll management systems to employee engagement platforms, but they all share the same goal: improving the workplace environment. This data helps HR professionals identify trends, address concerns, and take proactive steps to boost morale.
We tried offering health insurance and a living wage, but the economic realities of the low-margin restaurant business made this nearly impossible. We tried offering health insurance and a living wage, but the economic realities of the low-margin restaurant business made this nearly impossible. The role of an HR manager. Onboarding.
We tried offering health insurance and a living wage, but the economic realities of the low-margin restaurant business made this nearly impossible. We tried offering health insurance and a living wage, but the economic realities of the low-margin restaurant business made this nearly impossible. The role of an HR manager. Onboarding.
These contracts typically outline the terms and conditions of employment, including job responsibilities, working hours, remuneration, and other relevant details. These contracts typically outline the terms and conditions of employment, including job responsibilities, working hours, remuneration, and other relevant details.
They’re responsible for identifying, attracting, recruiting, onboarding and training new employees and ensuring they match the job requirements and the company’s values. This allows them to learn to use novel technologies and techniques and also to brainstorm new recruitment and candidate assessment methods and strategies.
Keep reading to learn more about the latest tactics helping real estate agencies strengthen their teams and maintain a competitive edge. Organize employee data for payroll processing A successful payroll process influences strong employee retention. Payroll errors like underpayment can have a detrimental impact.
When going from a paper-based to an electronic based HR system, there are many changes to adapt to, a lot of new information to learn, and many challenges that arise. It is pretty common to hear about hacking leaks where people have their personal information listed online. This is true for businesses as well. Analyzing change.
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Favoritism: Unequal treatment, wage gaps, lack of DEI, or inconsistent enforcement of company policy can bring a toxic atmosphere. In addition to negative effects on productivity, retention, and overall physical/mental health, a toxic work culture can even place a significant financial burden on your business.
When it comes to payroll, a little thing like daily pay not only gives employees immediate access to their earnings, but less stress and distraction. Instead of letting employees withdraw funds in emergencies, daily pay sends earned wages after each shift. Send payments every 24 hours or shortly after employees clock out.
As post-pandemic employees are called back to in-person work or increased hours, many, he predicted, would be reconsidering their options. The Great Resignation has been trending, but it didn’t begin in May. The Great Resignation has been trending, but it didn’t begin in May. The tight talent market has proved them right.
There are actually a lot of reasons employers can benefit from this employment trend. There are actually a lot of reasons employers can benefit from this employment trend. Independent contractors typically do not require as much training since they are hired for work that matches their expertise. Loss of control.
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