HR Digest

OCTOBER 29, 2018

Every employer is expected to create employee compensation and benefits plan for their employees. It’s a vital part of the employer-employee relationship that can never be neglected. These compensation and benefits do vary in different organizations. 3. Communicate with the employees.

Employee Compensation 53

Employee Compensation Benefits Package Workers’ Compensation Medical 53

Achievers

MAY 10, 2023

Today’s employees need to be recognized as individuals in order to thrive, do their best work, and remain engaged. And HR leaders understand that a one-size-fits-all approach to compensation and benefits doesn’t best serve their people, or the organization. What is hyper-personalization?

Bonuses 227

Bonuses Employee Compensation Technology Employment 227

HR Lineup

APRIL 19, 2024

This can take various forms, including stock options, restricted stock units (RSUs), stock appreciation rights (SARs), and employee stock purchase plans (ESPPs). In this comprehensive guide, we will delve into the various types of equity compensation, how they work, their tax implications, and their impact on both employees and employers.

Equity Compensation 246

Equity Compensation IT Taxes Compensation Equity 246

HR Lineup

FEBRUARY 20, 2022

Compliance With Employment Laws. Employment laws keep changing, and it is upto the HR professionals to stay abreast with the latest laws to avoid audits and lawsuits that could affect your business performance. Employment laws are regulations that assist in effective hiring, employee management, and workplace safety.

Human Resources 246

Human Resources Management Electronics Recruitment 246

Vantage Circle

AUGUST 4, 2021

Just like how employee compensation is a topic that concerns all employees, it’s a vital aspect of the HR function as well. When it comes to compensating employees, what you offer and how you structure your pay plans are key factors in attracting and retaining talent. Employee compensation isn't about the money.

Employee Compensation 52

Employee Compensation Commissions Overtime Salary 52

HR Lineup

SEPTEMBER 25, 2023

Global payroll refers to the process of managing employee compensation , tax compliance, and other related financial responsibilities across international borders. These providers offer various services, including: Local payroll processing: Adhering to the tax and labor laws of each country while processing payroll for employees.

Global Payroll 238

Global Payroll Payroll Payroll System Payroll Software 238

HR Bartender

AUGUST 24, 2021

It could also be the result of a geographic region getting a large employer and creating lots of jobs. The answer isn’t poaching employees. Build a solid employment brand. Make a concerted effort to find out why employees stay. Be a great employer. Offer a competitive compensation and benefits package.

Recruitment 210

Recruitment Media Benefits Package Bonuses 210

HR Digest

JUNE 23, 2022

So, it is not surprising that compensation trends for a post-pandemic world look vastly different from the one before the pandemic. Employee compensation trends have been heavily influenced by the change in work culture and expectations. Compensation trends change from time to time depending on the market.

Employee Compensation 98

Employee Compensation Human Resources Paid Leave Benefit Providers 98

HR Lineup

MARCH 29, 2024

To truly understand the financial impact of hiring and retaining employees, organizations need to consider the comprehensive cost of employing them. In this guide, we delve into the intricacies of calculating the cost of an employee, offering insights into the different components and methodologies involved.

Salary 130

Salary Retirement Plan Taxes Health Insurance 130

Patriot Software

DECEMBER 18, 2024

If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours. In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

Overtime 97

Overtime Taxes Payroll Employee Compensation 97

Global People Strategist

DECEMBER 7, 2022

However, any organization looking to take advantage must be prepared – creating and adhering to employment contracts that abide by employment laws in Nigeria is crucial for successful expansion into this highly desirable hub. Employment Laws Dictating the Nigeria Labor Landscape. 6. Employee Compensation Act.

Employment 52

Employment Pension Government Employee Compensation 52

Hppy

JANUARY 9, 2025

These attorneys offer valuable insights into workers rights, claim disputes, and employer responsibilities, ensuring compliance and effective HR solutions. By partnering with experienced legal counsel, HR teams can ensure due diligence on the companys part in supporting injured employees while also protecting the companys interests.

Workers’ Compensation 36

Workers’ Compensation Human Resources Employee Compensation Hospitality 36

COMPackage

NOVEMBER 2, 2024

TCRs shed light on this by detailing all aspects of an employee’s compensation, including: Base Salary: The core component, clearly outlining the annual or hourly wage. Benefits: A breakdown of employer-provided benefits like health insurance, paid time off (PTO), retirement plans, and wellness programs.

PTO 40

PTO Retirement Plan Salary Bonuses 40

HR Bartender

MARCH 21, 2017

(Editor’s Note: Today’s post is brought to you by Alongside , a company that bridges the communication gaps to create a better hiring experience for both employers and job seekers. However, forty-nine percent (49%) of HR pros cited competition from other employers as part of the challenge. Build a solid employment brand.

Recruitment 159

Recruitment Media Benefits Package Human Resources 159

Bayzat

AUGUST 1, 2021

Document Checklist for the recruitment process: Job role descriptions, recruitment tracker, candidate evaluation, reference check guide, offer letter, employment contract, onboarding schedule. Employee Compensation Module. Manpower is an essential requirement of any business and they need to be compensated.

Employee Compensation 94

Employee Compensation Salary Recruitment Banking 94

Best Money Moves

APRIL 20, 2022

These numbers suggest that the period of record employee turnover known as the “Great Resignation” is not slowing down. . The costs to employers are staggering. It costs six to nine months of an employee’s salary to hire and acclimate their replacement, according to data from SHRM. Mental health benefits can come in many forms.

Employee Retention 122

Employee Retention PTO Healthcare Benefits Package 122

HR Lineup

FEBRUARY 1, 2024

In the dynamic landscape of human resources, managing compensation is a crucial aspect that directly impacts an organization’s ability to attract, retain, and motivate employees. Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions.

Bonuses 223

Bonuses Commissions Salary Overtime 223

HR Digest

AUGUST 10, 2021

If a performance review is handled wrong it can even result in a fall in performance of the concerned employee. These evaluations are generally done annually and are often directly connected with employee compensation and promotions. Have a grievance redressal forum where employees can take their concerns.

Employee Compensation 105

Employee Compensation Human Resources Bonuses Employment 105

Vantage Circle

FEBRUARY 3, 2025

But remember, only when it’s paired with robust employee benefits that truly support their overall well-being. In fact, competitive compensation and benefits have become a non-negotiable for attracting and retaining top talent. Your employees may not be aware of some of your benefits. So, why should your employees?

Employee Retention 66

Employee Retention Salary Bonuses Media 66

Hppy

APRIL 12, 2023

What relatively few employers have realised is that employee expectations have also changed. In order to ensure employee retention and the maintenance of a healthy, productive workforce, employers need to up their game and consider compensation from a more holistic perspective.

Employee Compensation 36

Employee Compensation Health Insurance Healthcare Retirement Plan 36

HR Lineup

FEBRUARY 2, 2024

Leave encashment is a significant aspect of employment benefits, providing employees with the option to convert their unused leave days into monetary compensation. This practice is prevalent in many organizations worldwide, serving as a valuable component of employee welfare. What is Leave Encashment?

Taxes 130

Taxes Government Salary Deductible 130

HR Bartender

AUGUST 10, 2017

To help us understand employee compensation, I asked Ann Bares if she would share her expertise and, lucky for us, she said “yes”. Ann is managing partner with Altura Consulting Group and contributor to the Compensation Force and Compensation Café blogs. Employee pay is a sensitive subject.

Employee Compensation 121

Employee Compensation Compensation System Human Resources Consulting 121

PeopleKeep

JULY 26, 2022

While many organizations offer health benefits, these benefits alone may not go far enough to support the wellness initiatives your employees desire. Employee wellness is an essential part of your employee compensation package. But, only 33% of employers said they provide or plan to offer these wellness benefits.

Employee Compensation 97

Employee Compensation Employee Wellness Employee Benefits Employment 97

Qandle

JANUARY 29, 2025

Compliance risk in payroll refers to the potential for errors, omissions, or violations of laws and regulations that govern employee compensation. These laws may include tax regulations, labor laws, social security contributions, and employee benefits mandates. Check out the Best Payroll Software. exempt vs. non-exempt).

Payroll Software 90

Payroll Software Software Payroll Overtime 90

Business Management Daily

JANUARY 23, 2022

The 1099-NEC is now used to report non-employee compensations. If you paid non-employees for work related to your business in 2021, you may need to give them a 1099-NEC. What Counts As Nonemployee Compensation? You may also know this as your Employer Identification Number (EIN). Is Form 1099-MISC still used?

Taxes 94

Taxes Employee Compensation Commissions Entertainment 94

Take It Personel-ly

JULY 15, 2020

If you’re a first-time employer, you’re probably feeling a bit stressed about determining the salary for your employees. According to a 2018 Forbes analysis, wages have not kept up with inflation for nearly 50 years. This isn’t due to a lack of money. It’s due, instead, to poor financial management.

Salary 203

Salary Management Employment Human Resources 203

Bayzat

OCTOBER 31, 2024

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Falling out of touch with what makes a strong employee compensation package may mean your company is losing its competitive edge.

Salary 52

Salary Bonuses Commissions Benefits Package 52

HR Lineup

APRIL 1, 2024

When an employee is sent on an international assignment, they often remain on the payroll of their home country while working abroad. However, they become subject to taxation in the host country based on their residency or employment status. One essential aspect of managing international payroll is the concept of shadow payroll.

Payroll 130

Payroll Payroll System IT Taxes 130

Qandle

NOVEMBER 27, 2023

Employers must accurately calculate and withhold taxes from employee paychecks, including income tax, social security, and Medicare. Properly accounting for these benefits is vital for both legal compliance and maintaining employee satisfaction. Tax compliance is a significant aspect of payroll management. What is Payroll?

Payroll Manager 98

Payroll Manager Payroll Gross Pay Payroll Software 98

Insperity

FEBRUARY 22, 2018

The National Labor Relations Act protects employees’ rights to discuss conditions of employment, such as safety and pay even if you’re a non-union employer. Louis that fired a worker after she discussed wages with another employee. What employers can’t do. What employers can do. Have a compensation strategy.

Salary 111

Salary Commissions Education Human Resources 111

Take It Personel-ly

MARCH 28, 2016

As an employee, you need to stand up for your rights. It can be difficult if you’re in an oppressive environment with an employer keen to take advantage. But that doesn’t mean that you should take it. There is some risk involved with pushing to advocate for yourself and your colleagues. However, that’s mostly […].

Employment 145

Employment Human Resources Employee Compensation IT 145

Business Management Daily

NOVEMBER 20, 2020

When employees cover work-related expenses out of pocket, employers must choose whether to reimburse the money, and if so, how. There are various regulations related to reimbursement, and some common expense reimbursement mistakes made by employers. Not knowing which expenses are taxable. Nonaccountable Plan.

Deductible 98

Deductible Deductions Taxes Employee Compensation 98

Best Money Moves

OCTOBER 16, 2018

A third of compensation costs go towards employee benefits and some employees would forgo a raise for better work-life balance or better healthcare benefits, but almost half of employees don’t even understand the benefits their employer already offers.

Employee Benefits 69

Employee Benefits 401(k) Paid Sick Leave Paid Vacation 69

Achievers

JUNE 25, 2019

As Katey Maddux, founder and CEO of Millennial Accounting, writes in her recent employee compensation and benefits guide , “When it comes to employee compensation, there isn’t a one-size-fits-all solution.” Determining the right compensation package. Simple, right? Not so much.

Commissions 92

Commissions Overtime Salary Health Insurance 92

Insperity

APRIL 9, 2020

Eligible small businesses generally include: For-profit businesses with less than 500 employees, whether employed on a full-time, part-time or other basis 501(c)(3) nonprofits. Note that Accommodation & Food Services businesses (NAICS code starting with 72) are allowed 500 employees per location. About the CARES Act.

Payroll 97

Payroll Taxes Salary Commissions 97

Business Management Daily

JUNE 17, 2024

Taking a few personal days or a vacation can help employees relax, unwind, and fend off burnout. Paid time off is also an integral part of most employee compensation plans, so it’s only fair for them to use it. If a partial day off is planned, the request should clarify which part of the day the employee will be missing.

PTO 40

PTO Family and Medical Leave Act Employment Medical 40

Qandle

DECEMBER 16, 2023

Payroll refers to the process by which employers calculate and distribute compensation to their employees for the work they have completed. It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay.

Payroll 105

Payroll Payroll Software Payroll System Gross Pay 105