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Why Today’s Incentive Thinking Is Different

Achievers

Ever since people started working for each other, supervisors have tried to figure out the best way to reach their performance goals and keep workers on task. Employees were frequently paid at a piece rate, providing them with a straightforward pay incentive to be as productive as possible.

Bonuses 170
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NJ Rates to Rise in 2024

Workers' Compensation

New Jersey is set to become one of a handful of states with a minimum wage of at least $15/hour on January 1, 2024 when the rate increases to $15.13/hour, million hourly workers. Many non-hourly employees will also see at least an indirect benefit from the statewide increase that applies to most workers. hour, up from $12.01/hour.

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Is Paying Your Employees Overtime Mandatory?

Abel HR

The FLSA “establishes minimum wage, overtime pay, record keeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments,” and all of this is overseen by the Wage and Hour Division (WHD) of the US Department of Labor (DOL).

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New Jersey’s Minimum Wage to Increase to $13/Hour for Most Employees on Jan. 1

Workers' Compensation

The increase will be reflected in higher workers’ compensation benefit rates as those are paired with the State Average Weekly Wage (SAWW). Rates for the payment of workers' compensation benefits are statutorily fixed at an amount equal to 70% of the workers' weekly wages received at the time of the accident.