article thumbnail

ChartHop

HR Lineup

Users can set up salary structures, define pay grades, and assign roles and responsibilities. ChartHop also enables HR teams to track employee salaries and bonuses, as well as other incentives such as stock options, equity grants, and benefits.

article thumbnail

Spread the Word About Additional HSA Contributions

InterWest Insurance Services

Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families. Since funds workers contribute to their HSA are made before their salaries are taxed, they reduce their overall taxable income. Withdrawals to reimburse for these expenses are also not taxed.

401(k) 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Employee Benefits Providers: What Employers Need to Know

Empuls

The role of employee benefits providers Employee benefits providers play a critical role in enhancing employee satisfaction and retention by offering comprehensive benefits packages that meet the diverse needs of today’s workforce.  Consider cost and value : Research indicates businesses typically spend 1.25

article thumbnail

What is a 401(k) Plan and How Does it Work?

HR Digest

A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. The contributions are deducted from the employee’s paycheck before taxes are withheld, which reduces their taxable income. How does 401(k) work?

401(k) 64
article thumbnail

Compensation Plan Template Samples For Workers

HR Digest

A compensation plan template is used by the organizations to reveal the salaries, perks, benefits, bonuses and other associated settlement that will be offered to the employee. The benefits will be equitably offered to all the employees.

article thumbnail

Look Before You Leap: Payroll-Ben Admin Tech API Considerations

HR Professionals Magazine

For example, an API may allow you to make a change to an employee’s name, address, and email in either platform and result in both systems being updated within minutes. However, elements such as “Hourly vs Salary” or “Effective date of compensation change” may only flow from the payroll platform to the ben admin platform.

Payroll 52
article thumbnail

Continuous Education And Development For Employees – Learning In The Workplace

Hppy

Getting a good job with a decent salary are no longer the parameters for a successful career, employees are aiming at upgrading their skills for better job prospects or posts in the same organisation. Also, a team of talented and professionally equipped employees are easier to work with and thus an asset for the organisation.