Remove 401(k) Remove Overtime Remove Pension
article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

Overtime pay 3. Matching 401(k) contributions 2. Pension or retirement savings plan 3. Offers like a 401(k) or 403(b) can work as this means that people can use some of their money before they pay taxes on it, and invest in the future. Payroll taxes 2. Workers’ compensation 4. Mandatory leave 5.

article thumbnail

US Boeing workers strike over pay offer

Employee Benefits

The rejected offer included a new floating holiday, reduced mandatory overtime, 12 weeks of paid parental leave , lower cost share for improved healthcare, a free primary care benefit, two 401(k) pension plans and more automatic employer contributions, and an 11% pay rise from day one.

401(k) 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Be on the Lookout for These Top 10 Workforce Trends in 2016

Asure Software

Changing Overtime Rules. 2016 is the year where overtime costs will rise for some employers. Base salaries within the $20,000 range used to be the maximum for overtime pay eligibility. Millennials want more flexible hours and flexible work locations, whereas baby boomers are more focused on pensions and 401(k) perks.

401(k) 54
article thumbnail

Ensuring payroll compliance in 2024: What’s new?

Business Management Daily

It provides provisions aimed at improving employee retirement outcomes and makes starting 401(k) plans more attractive and beneficial for employers – even those with 50 or fewer employees. not signing up for your 401(k) plan). How does it do that? for de minimis financial incentives and long-term part-time employees.

Payroll 52
article thumbnail

Total Compensation Statement Template: Attracting and Retaining Top Talent

COMPackage

Base Salary: State the employee’s base salary, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40
article thumbnail

Total Compensation Report Template: A Data-Driven Tool for HR

COMPackage

Base Salary: The primary component of compensation, base salary should be listed prominently, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40
article thumbnail

The Ultimate Total Compensation Statement Template: Customizable for Any Industry

COMPackage

Base Salary: State the employee’s base salary, including any applicable overtime or shift differential. This may include: Hourly workers: For hourly workers, the template should clearly indicate the hourly wage and any overtime or shift differential.

401(k) 40