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How to Plan Your Recruitment Budget in 2024?

HR Lineup

As we navigate through the evolving landscapes of talent acquisition and workforce management in 2024, the importance of a meticulously planned recruitment budget cannot be overstated. This includes their salaries, benefits, and any overhead costs associated with their employment.

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Do You Know Your Income Tax Rates?

Money Talk

Examples include salary, wage, commission, bonus, and tip income, rents and royalties, interest, and required minimum distribution (RMD) withdrawals from tax-deferred retirement savings accounts (e.g., If someone is in the 22% tax bracket, portions of their income are taxed at 10%, 12%, and 22%.

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

By providing employees with a clear and comprehensive overview of their total compensation package, including both direct pay (salary or wages) and indirect benefits, TCSs can significantly enhance employee satisfaction, loyalty, and engagement. It typically includes: Base Salary or Wages: The employee’s hourly or annual pay rate.

401(k) 40
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New Employment Laws in 2023: A Guide for Employers and Employees

HR Digest

Employment Law Non-compete Clause Earlier this year, the Federal Trade Commission proposed an employment law regarding the non-compete clause, proposing to ban its use across the country. According to Bloomberg Law, the FTC will vote on the rule in April 2024.

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90% of employers think living wage is high enough

Employee Benefits

Chancellor of the exchequer Jeremy Hunt stated in his autumn budget address to the House of Commons that he had accepted recommendations made by the Low Pay Commission to increase the national living wage to £10.42 Take part in our next poll: Do you offer a salary advance scheme for staff to access their pay before payday?

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How to Differentiate Between Exempt vs Non-exempt Employees?

HR Digest

These workers traditionally receive hourly wages for work done rather than a steady salary periodically. An exempt employee is exempted from the laws on minimum wages and overtime pay and enjoys a salaried role at the organization that includes higher levels of responsibilities. What is an Exempt Employee?

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Liverpool and Knowsley councils commit to real living wage for care workers

Employee Benefits

Two Merseyside local councils, Knowsley Council and Liverpool Council, have committed to paying government commissioned care workers the real living wage , from April 2023 and April 2024, respectively. Local councils have it in their power now to increase care worker pay.