Remove Bonuses Remove Overtime Remove Retail
article thumbnail

How to strike a balance between managing staff wellbeing and financial pressures

Employee Benefits

Pay strategies such as targeted pay increases, performance-related bonuses and earned wage access can help. With the cost-of-living crisis enduring, employees from some sectors are likely to be seeking additional hours, usually through taking on overtime. Other employers are providing financial support in different ways.

article thumbnail

Edinburgh Airport Services workers accept 12% pay increase

Employee Benefits

It includes a 12% rise in basic pay, a 15% increase in shift allowance, an overtime increase to time and a half, double time or time off in lieu applicable to eight recognised holiday dates each year, including Christmas and New Year, and access to sick pay after six months rather than 12 months.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Are bonuses the key to hourly staff retention?

Business Management Daily

They’re making even low-level retail and restaurant staff eligible—even part-timers. According to a Chipotle statement announcing the plan, bonuses will be paid quarterly if crew teams meet revenue and other goals. Snapshot: What do bonuses reward? Employee referral bonuses: 52%. Spot bonuses: 51%.

Bonuses 45
article thumbnail

UK Power Networks uses total reward statements to boost engagement with benefits

Employee Benefits

Examples of these are our Tusker car initiative, which now has 250 users, and presenting available retail discounts just before Christmas as a timely reminder. The TRS outlines what employee benefits have been on offer for the past 12 months. Offering choice is key,” he concludes.

Retail 105
article thumbnail

Understanding and preventing wage theft in your organization

Business Management Daily

Other benefits, such as meal breaks, workers’ compensation, and overtime pay, also qualify as wage theft when they’re withheld from workers who rightfully earned them. The FLSA also dictates that employees must receive overtime pay when they work more than 40 hours per week. per hour as of July 24th, 2009).

article thumbnail

Regular rate calculation gets a makeover

Business Management Daily

Nonexempt employees who work longer than 40 hours in a week must be paid overtime at 1.5 15, 2020, allow you to offer more perks to nonexempt employees without having to include those perks in their regular rate calculation when you’re figuring their overtime rate. Employee discounts on retail goods and services. spot bonuses).

article thumbnail

5 Benefits for Using Modern Payroll Software in UAE

Bayzat

Step 5: Clock In with Payroll It is time to organize retail with a payroll structure. Step 7: Crunch the Numbers Consider overtime for the extra hours. Hand out payslips that include gross salary, bonuses, overtime, deductions, and the final take-home pay. Pays the fees and waits for the nod. Clear communication is key!