You might decide to move an employee from hourly to salary because he or she has been promoted or given more responsibilities. Or maybe you want to simplify payroll-cost estimation, as salaried employees are usually … Read More
It seems no one likes employee reviews. Managers are nervous about giving them, and employees are nervous about receiving them. But it doesn’t have to be that way. The key is to make sure everyone … Read More
Every year, the IRS takes a fresh look at 401(k) contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, … Read More
Can Employees Discuss Their Salaries at Work? To prevent this outcome, you might consider developing a policy that prohibits employees from discussing their pay with their co-workers. But before you do that, remember that you may run afoul of federal law.
We live in a fast-paced society where people are forever on the go. There’s hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. … Read More
According to the Bureau of Labor Statistics, 3.4 million people—2.3 percent of the total workforce—quit their jobs in November 2018. In the private sector, the quits rate was 2.6 percent, increasing from 2.4 percent the … Read More
Commuter benefits are fringe benefits that allow employees to set aside pretax money to pay for work-related transportation costs. Generally, for employees to use the benefit, their employer must set up a commuter, or transportation, benefits plan that meets the requirements of Section 132(f) of the Internal Revenue Code.
Below are some general steps for creating salary ranges for jobs in your company. 1. In determining salary ranges, first analyze positions by reviewing their job descriptions. To be able to assign a specific salary … Read More
Smart companies are always taking a fresh look at the employee benefits they’re offering. Here is what employee perks are trending – and what you might want to consider adding to your company’s benefits package. … Read More
In 2018, the Department of Labor issued an opinion letter in response to a query regarding whether certain lump-sum payments are considered earnings under Title III of the Consumer Credit Protection Act, which limits the … Read More
Your guide to record-keeping for exempt and nonexempt employees. The Fair Labor Standards Act (FLSA) regulates federal minimum wage, overtime, child labor, and record-keeping, including payroll record-keeping for nonexempt and exempt employees. Although the Act … Read More
Company morale can make or break a business’s success. Here are some tactics to think about adopting for your workplace: Help employees feel that their work is more than just a job. One’s purpose can … Read More