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New Overtime Rules 2024: What Employers Need to Know

HR Lineup

As 2024 unfolds, employers across various industries are grappling with new overtime regulations that significantly impact their operations and labor costs. Under the Fair Labor Standards Act (FLSA) , non-exempt employees are entitled to overtime pay at one and a half times their regular rate for hours worked beyond 40 in a workweek.

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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. Hobby Lobby’s 2024 pay hike went into effect on October 1, 2024, so employees who apply to the company now should be able to benefit from the change.

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Employee Service Award Programs: A Guide (2024)

Empuls

  Benefits are as follows,  Improves employee retention: Employees tend to stay 2-4 years longer in companies with dedicated service award programs.  This alignment helps reinforce the desired culture and encourages employees to embody these values. 

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Why you should identify your employees’ intrinsic and extrinsic motivators

Achievers

Financial rewards and bonuses can help employees feel valued for the work they do and are effective in driving short-term goals and performance. However, more meaningful and long-term extrinsic motivators, such as promotion or frequent recognition, will better strengthen employee loyalty and commitment to their companies.

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NEW LP - Employee benefits and rewards. Make an impact. See a return. - Cloned

Sodexo Engage

NEW LP - Employee benefits and rewards. Cloned mariana.nunes Tue, 10/22/2024 - 17:21 Employee benefits and rewards Make an impact. Boost Productivity, Engagement and Retention with a wide range of employee benefits. Employee Discounts Platform: Instant discounts (up to 20%) on essentials, treats, holidays, and more.

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How to combine employee retention bonuses with recognition for maximum impact

Achievers

Exploring their short-term impact and potential downsides reveals why they may fall short in fostering sustainable employee loyalty and engagement: Short-term impact Retention bonuses can motivate employees to stay temporarily, especially during critical periods.

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Skills-based hiring: Punching through the paper ceiling

Business Management Daily

As of 2024, the talent shortage in the US stands at 70% , meaning that a whopping 7 out of 10 employers aren’t able to find qualified candidates for their open positions. Better retention rates The organizations that implemented skills-based hiring have noted its positive impacts, one of which is better employee loyalty.