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

Employee Benefits

Each full-time employee who has worked for the group for five years or more will receive the same amount of extra contribution to their pension fund, regardless of their position or salary level. billion in bonus payments since 2017 and €930 million through its Tack! This is the right thing to do and it’s good for business.”

Bonuses 59
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Is relocation reimbursement taxable? How to assess tax liability for employee relocation

Business Management Daily

Relocation benefits, including bonuses and relocation reimbursements, help make moving more appealing to employees. However, the Tax Cuts and Jobs Act of 2017 changed that. Often it’s still cheaper for the business than hiring and training someone new at the other worksite. Can employees deduct their moving expenses?

Taxes 98
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How Your Dealership F&I Employees Can Drive Customer Satisfaction

Hireology

F&I employees are a top driver dealership customer satisfaction, only following sales personnel, according to the 2017 Car Buyer Journey from Cox Automotive. But F&I personnel have room for improvement when it comes to providing a top-notch customer experience.

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HSBC reports 45.2% mean gender pay gap

Employee Benefits

Excluding variable pay, the bank’s overall mean gender salary gap was 39.7%, and its median was 47.8%. For HSBC UK specifically, its 2022 mean gender pay gap was 31.1% and its median gender pay gap was 20.3%. HSBC reported a mean gender bonus gap of 64%, and a median of 57.4%, in 2022, with 94% of men and 93.6%

Bonuses 59
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Women win class action status to sue Google over pay disparity

HR Digest

“Google paid women less base salary, smaller bonuses, and less stock than men in the same job code and location,” they said. The suit was filed in 2017 by the women who claimed that their career opportunities were slowed up the “job ladder” compared to their male colleagues, resulting in lower salaries and bonuses.

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Creating a Desirable Employee Value Proposition (EVP)

HR Digest

According to LinkedIn 2017 Global Recruiting Trends report, the deciding factors for candidates remain to be career advancement opportunities (both financially and intellectually) and challenging work. Compensation: This core component of EVP comprises of salary as well as rewards such as bonuses and promotions.

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