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Volkswagen Targets €4B in Cost with Wage and Bonus Cuts Amid Economic Pressure

HR Digest

These include cut in bonuses for top-tier employees, reducing additional payments for employee anniversaries, and exploring possible closures of some German production sites. million pounds ($7 million) for unfairly treating financially-stretched customers between 2017 and 2023. The failings occurred between January 2017 and July 2023.

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Save on taxes: Bonus depreciation for business vehicle purchase

WEX Inc.

The second option of bonus depreciation (2017 Tax Cuts and Jobs Act) allows businesses to deduct a percentage of certain assets or vehicles they purchased during the year. For assets purchased after September 27, 2017, including used vehicles, the deduction percentage rises to 100% and will be phased down beginning in 2023.

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Beyond the Trophy: A Gen Z Perspective on R&R

Vantage Circle

As I talk to my seniors and friends, I notice that they can go on and on about how their jobs feel monotonous and while the many cash bonuses or awards they receive are beneficial they still feel as though something is lacking. Additionally, the data suggests that Gen Z isn't averse to traditional rewards like bonuses or promotions.

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It’s a Small (but diverse) World: Performance Management for the Global Organization

Achievers

The cash-is-king individual performance bonuses that we default to in countries like the US and UK are not a good fit in cultures that focus on greater responsibility, larger spans of control, and wider territories. Again, this showed up in my experience at Hitachi. In some cultures cash rewards may even be perceived as petty. The headline?

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Do You Know Your Income Tax Rates?

Money Talk

Under the most recently passed tax law, the Tax Cuts and Jobs Act of 2017, there are currently seven income range segments for four tax filing status categories (single, married filing jointly, married filing separately, and head of household) that are taxed at increasing rates as income rises. 401(k)s, 403(b)s, and traditional IRAs).

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Set your business up for success in 2017

Ascender

Here are some things you can start doing now to help make 2017 a success. Starting 2017 with a clean and organised slate will save you time later in the year. The post Set your business up for success in 2017 appeared first on Ascender HCM. Where to start. Read between the lines.

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Ingka Group to pay out €311 million performance-based bonus

Employee Benefits

billion in bonus payments since 2017 and €930 million through its Tack! Ingka Group, which owns retailer Ikea, has announced that it will pay out a €311 million employee bonus based on good results this financial year, where revenue grew by 5.4%. This is the right thing to do and it’s good for business.” loyalty pension programme since 2014.

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