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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. This comprehensive guide will delve into the new overtime rules, explaining their implications for employers, and offering practical advice on compliance.

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What is Hire-to-Retire (HTR)?

HR Lineup

Offer and Negotiation: Extending job offers, negotiating salaries and benefits, and finalizing employment agreements. Regular Feedback: Engaging in regular check-ins, performance reviews, and constructive feedback discussions. Onboarding Once a candidate accepts an offer, the next stage is onboarding.

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Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

The overtime rules went into effect on January 1, 2020. Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Six discussions were held, and it was decided that the present compensation for overtime was inadequate.

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The Staggering Cost Of Disengaged Employees: How Disengagement Impacts Your Bottom Line

Vantage Circle

SHRM (Society for Human Resource Management) estimates replacement costs at 6-9 months of an employee's salary For a $60,000 annual salary, replacement costs could range from $30,000 to $45,000 The Hidden Costs of Lost Productivity, Training, and Onboarding The costs of employee disengagement are much higher than we often realize.

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Creating a Salary Structure for UAE Businesses

Bayzat

In the dynamic business landscape of the United Arab Emirates (UAE), one critical aspect of attracting and retaining top talent is having a well-defined and competitive salary structure. A thoughtfully crafted salary structure ensures fairness and transparency, playing a pivotal role in a business’s overall success and growth.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Ideally, there will be some formal training and well-constructed training materials that employees can refer back to as needed. Allow salaried employees to adjust their hours to leave early or start late one day a week if needed and make up the time elsewhere. Conduct regular employee and salary reviews. Employee recognition.

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Ways to keep a good specialist if a competitor pays a higher salary

Hppy

If the company is not ready to accept this pay raising challenge or does not have enough funds to pay its employees higher salaries, it is better to use the following pieces of advice to keep good specialists. . Of course, you may gain benefits from employees who work overtime and do not care too much about their personal lives.

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