HR Digest

SEPTEMBER 18, 2023

Effective from 17 September this year, the pay transparency law will now enforce regulations that ensure employers who want to advertise a job posting are clear about what salaries applicants could expect for the position. How Does the New Law Work in NY? What Is Included under the Pay Transparency Law?

Salary 86

Salary Commissions Retirement Plan Overtime 86

HR Lineup

MARCH 29, 2024

However, their value goes beyond just their salaries. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates. Employees are the backbone of any organization, driving its success and growth.

Salary 130

Salary Retirement Plan Taxes Health Insurance 130

HR Lineup

JUNE 29, 2023

Worklio also offers a powerful payroll management system that automates the calculation and distribution of employee salaries. The platform supports various payroll models, including hourly wages, salary-based payments, and commission structures.

Payroll 130

Payroll Retirement Plan Commissions Health Insurance 130

COMPackage

OCTOBER 14, 2024

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

401(k) Retirement Plan Incentive Compensation Life Insurance 40

HR Lineup

JUNE 9, 2023

The system is equipped to handle different pay structures, such as hourly, salaried, and commission-based, while ensuring compliance with applicable labor laws and regulations. The platform enables HR teams to manage employee benefits, such as health insurance, retirement plans, and flexible spending accounts.

Flexible Spending Account 130

Flexible Spending Account Payroll Flexible Spending Retirement Plan 130

Empuls

SEPTEMBER 26, 2024

This could be in the form of salary raises, performance-based bonuses, or commissions. Knowing that their job is stable or that they have access to health insurance, paid time off, or retirement plans can encourage employees to perform better. Some of the most common and effective forms include: 1.

Bonuses 52

Bonuses Health Insurance Benefits Package Salary 52

HR Bartender

JULY 19, 2016

In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually. Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold.

Overtime 100

Overtime Human Resources Retirement Plan Life Insurance 100

Insperity

SEPTEMBER 21, 2023

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

401(k) 105

401(k) IT Benefits Package Finance 105

Best Money Moves

SEPTEMBER 27, 2023

Start by listing the total income you bring in each month, including your salary, a spouse or partner’s salary and other recurring income such as alimony or childcare. A retirement fund may seem daunting or too far off to worry about, but contributing to one regularly can help you save up over time.

Banking 105

Banking Taxes Salary Entertainment 105

HR Digest

APRIL 13, 2023

It includes monetary rewards like a base salary, bonuses, commissions, and any other incentives that an organization offers. Another way to manage compensation is to offer performance-based incentives such as monetary rewards, bonuses, commissions, and profit-sharing plans. What is employee compensation?

Employee Compensation 64

Employee Compensation Retirement Plan Profit Sharing Plan Commissions 64

Insperity

FEBRUARY 24, 2015

If you have employees who are tied to sales, consider offering them commission on top of their base salary. This could include investments, such as stock options and 401(k) retirement plans. Outside of health care insurance, research ways to offer your employees a wider variety of benefits.

Employee Retention 106

Employee Retention 401(k) Bonuses Retirement Plan 106

COMPackage

OCTOBER 10, 2024

However, simply providing a salary is no longer enough. Indirect Pay: This includes all of the employee’s benefits, such as health insurance, retirement plans, paid time off, life insurance, and disability insurance. This is where Total Compensation Reports (TCRs) come into play.

401(k) 40

401(k) Retirement Plan Health Insurance Disability Insurance 40

Higginbotham

JANUARY 18, 2022

Employee compensation includes a lot more than just the base salary or hourly wage. Bonuses and commissions can give annual earnings a significant boost, and various benefits can also have a major impact on your employees’ finances and wellbeing. The real takeaway is both salary and benefits matter. Commissions.

401(k) 52

401(k) Disability Insurance Salary Life Insurance 52

COMPackage

SEPTEMBER 30, 2024

Salary alone is no longer enough to entice employees. Key Components of a Total Compensation Statement Template A comprehensive total compensation statement typically includes the following elements: Base Salary: This is the fixed annual income. Negotiate effectively: Provide a solid foundation for salary negotiations and discussions.

401(k) 40

401(k) Flexible Spending Account Disability Insurance Employment 40

COMPackage

JULY 24, 2024

In today’s competitive talent market, attracting and retaining top talent requires more than just a competitive salary. Key Elements of a Successful Total Rewards Statement A well-designed total rewards statement should include the following key components: Base salary: Clearly state the employee’s annual salary or hourly wage.

Health Insurance 40

Health Insurance Retirement Plan Disability Insurance Life Insurance 40

15Five

MAY 3, 2016

Company leaders can augment competitive salaries and retirement plans by providing access to financial education. Stash doesn’t charge commissions for buying or selling investments and has transparent, low monthly subscription fees. . Ask them with 15Five!

Food 75

Food Mining Retirement Plan Commissions 75

COMPackage

OCTOBER 16, 2024

Salary is undeniably important, but it’s just one piece of the puzzle. These reports go beyond base salary to showcase the entire value proposition your company offers. One company simply sends a basic salary figure, while the other provides a detailed TCR. This is where Total Compensation Reports (TCRs) come in.

Retirement Plan 40

Retirement Plan Salary Health Insurance PTO 40

COMPackage

JULY 2, 2024

In the modern workplace, employees are increasingly aware of the value of their compensation beyond just their base salary. These comprehensive documents outline all aspects of an employee’s compensation, including salary, benefits, bonuses, and other perks. This includes: Base Salary : The fixed annual salary or hourly wage.

Health and Welfare 52

Health and Welfare 401(k) Bonuses Retirement Plan 52

Qandle

SEPTEMBER 19, 2023

It involves the calculation, processing, and distribution of employee salaries, taxes, and other deductions. It encompasses various aspects, including calculating salaries, withholding and remitting taxes, and ensuring compliance with labor laws and regulations. Payroll is an integral part of every business, regardless of its size.

Payroll 52

Payroll Deductible Deductions Taxes 52

Genesis HR Solutions

JULY 3, 2019

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Following are items that would be listed on a total compensation statement: Salary/hourly wages. Commissions.

401(k) 40

401(k) Commissions Retirement Plan IT 40

Qandle

JANUARY 27, 2024

This should include the base salary, any bonuses or commissions, and details about the payment frequency. Clearly outline the benefits package, encompassing health insurance, retirement plans, and any other perks the company offers. Compensation and Benefits Delineate the compensation package comprehensively.

Software 52

Software Retirement Plan Salary Health Insurance 52

Higginbotham

NOVEMBER 15, 2023

IRS Announces 2024 FSA, Retirement Plan Limits Earlier this month, the Internal Revenue Service (IRS) released cost-of-living adjustments and inflation-adjusted limits for 2024 that affect amounts employees can contribute to health flexible spending accounts (FSAs), 401(k) plans and individual retirement accounts (IRAs).

401(k) 52

401(k) Retirement Plan Flexible Spending Account Insurance 52

The Teacher's Advocate

JANUARY 15, 2020

For once, Congress may have made a change that could unintentionally alter the course of teacher supplemental retirement plans. Currently, the favored defined contribution plan for teachers is the 403(b). The one constant in the defined contribution world is change.

Government 52

Government Pension Mining Retirement Plan 52

Higginbotham

DECEMBER 30, 2021

You will need to gather information on the employee benefits and salary you’re currently offering. Key elements to consider include the following: Salary, wages, bonuses and commissions. Retirement plans. To stay competitive in the talent war, employers may need to conduct a compensation and benefits review.

Benefits Package 52

Benefits Package Disability Insurance Insurance Parental Leave 52

Insperity

FEBRUARY 24, 2015

If you have employees who are tied to sales, consider offering them commission on top of their base salary. This could include investments, such as stock options and 401(k) retirement plans. Outside of health care insurance, research ways to offer your employees a wider variety of benefits.

Employee Retention 70

Employee Retention 401(k) Bonuses Retirement Plan 70

Empuls

DECEMBER 29, 2022

💡 71% feel the cost of living is outpacing growth in their salary or wages. Supplemental income includes stock options, 401 (k) plans, bonuses, etc. Retirement plans – Employer-funded retirement plans can match the employees' contributions up to a certain amount, creating an asset for retirement.

Family and Medical Leave Act 52

Family and Medical Leave Act Disability Insurance Retirement Plan 401(k) 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 2, 2022

Twelve years after the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and many years after the Securities and Exchange Commission started considering regulations implementing the clawback provisions of Dodd-Frank, the SEC published the Final “Clawback” Rules (the “Final Rules”) on October 26, 2022.

Executive Compensation 52

Executive Compensation Incentive Compensation Retirement Plan Taxes 52

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

Common terms include wages, salaries, benefits, fringe benefit, and remuneration or earnings—often used interchangeably—but they are all referring to the same thing: money paid by the employer to a worker or on behalf of a worker as part of compensation for labour/work performed. Wages and salaries cost employers $25.22

Workers’ Compensation 52

Workers’ Compensation Payroll IT Overtime 52

Higginbotham

OCTOBER 27, 2023

For example, in 2000, Coca-Cola faced allegations from a group of black salaried employees who claimed the company discriminated against them in matters of pay, promotions and performance evaluations. million toward salary adjustments and $36 million to improve company practices. Coca-Cola contested these claims.

Family and Medical Leave Act 52

Family and Medical Leave Act Human Resources Government Medical 52

The Teacher's Advocate

FEBRUARY 8, 2021

Equitable wants you to believe that there exists an exception to what is known as The Paradox of Choice when it comes to public school employees in the United States and their 403(b) plans. In reality, it seems they’ve commissioned an online survey designed to get the results they desired. Full name 2. Job title 3. Job location 4.

401(k) 52

401(k) Health Insurance Insurance Education 52

Insperity

FEBRUARY 18, 2014

This usually indicates that a worker is an employee, even when the wage or salary is supplemented by a commission. However, in close cases, the written contract can make a difference. • Whether your company provides the worker with employee-type benefits, such as insurance, retirement plan, vacation pay or sick pay.

Taxes 40

Taxes Retirement Plan Payroll Workers’ Compensation 40

Insperity

JULY 29, 2019

Retirement plan. You must submit this each year to the Equal Employment Opportunity Commission. Nice-to-haves. At this stage, the more formalized your processes, the better. Climate surveys. Exit interviews. Stay surveys. Automated HR processes, including: Applicant tracking. Performance reviews. Time and attendance.

Family and Medical Leave Act 68

Family and Medical Leave Act Payroll Medical Insurance 68