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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

The arts and crafts supply store recently announced that it has increased the starting wages for its employees again, making this the thirteenth increment since 2009. The increase in minimum full-time hourly wage will add up to an annual salary of around $40,000 USD for those working a 40-hour workweek. USD effective immediately.

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Common Retirement Plans for Small Business Owners: A Breakdown

Insperity

Even if a small business isn’t able to offer the same high salaries as its big business competitors, a small business can stay competitive by offering an attractive retirement package, says Chris Kunze, chief operating officer at Perspectives Ltd. This amount is usually determined by salary and tenure.

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How Can Employers Help Employees With the Cost of Living Crisis?

Empuls

Studies in the UK established that only a small portion of companies were paying a short-term solution, such as a hike in wages or salaries or a one-time bonus that helps employees battle inflation in the economy. Dell took this step after recognizing the high value its employees placed on flexibility.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers. How to Offer?

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14 Companies with Great Employee Rewards and Recognition Programs

Empuls

In April 2015, when the story broke about Gravity Payments CEO Dan Price taking a pay cut to raise his staff's salary to $70,000 a year and reward them for their hard work, the internet was divided. Heavily ridiculed, the young CEO stuck to his guns and cut his salary of $1.1 Opinions ranged from disbelief to disdain.

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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. Dayforce was founded in 2009 in Toronto, Canada. Career Development : Supports employees in identifying career paths and facilitates training and development opportunities.