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New DOL Proposed Overtime Rule Expected In October 2022

Zenefits

That (2016) rule raised the minimum salary level from $455 per week to $913 per week. “There’s certainly pressure to bring the amount to as high as the $47,476 annualized amount that was enjoined by a court in 2016, but many advocates are seeking even higher levels, from $62,000 to over $80,000 per year.”

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SCOTUS to hear overtime pay case involving worker who earned $200K a year

Zenefits

The company said the man was paid $200,000 in 2015 and 2016. If an employee “regularly receives a predetermined amount of compensation each pay period,” whether weekly, bi-weekly, or monthly, they are a salaried employee. Therefore, it did not have to pay the former employee overtime compensation. According to the U.S.

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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Payroll Management : Automated payroll processing to ensure accurate and timely compensation. Recruitment and Onboarding: Applicant Tracking System (ATS) : Streamlines recruitment by managing job postings, candidate applications, and communication.

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Can the Post-COVID Workplace Accommodate the 4-Day Workweek?

Zenefits

As a result, organizations are feeling immense pressure to increase compensation. So, if employees worked 40 days a week, they would only work 32 hours for the same compensation and perks. How can a 4-day workweek benefit your organization? Implementing a 4-day workweek can benefit the organization just as much as its employees.

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8 Top Employee Retention Factors

Vantage Circle

Studies say that for a new employee to fully adapt in a new organization, it takes more than 8 months of onboarding and sometimes even more. Even with good compensation and benefits, employees quit. Onboarding and Training. Compensation. And it is often more difficult to train new employees. Work Institute).

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Cost of Living vs. Cost of Labor — Is There a Difference?

Zenefits

Since that time, the various annual COLAs have ranged from a low of 0.00% in 2010, 2011, and 2016 (0.03% in 2017) to a high of 14.3% Benefits (health, paid vacation, paid sick leave, paid holidays, etc.). Simplify benefits administration. Improve our virtual onboarding experience. Simplify benefits administration.

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8 Top Employee Retention Factors

Vantage Circle

Studies say that for a new employee to fully adapt to a new organization, it takes more than 8 months of onboarding and sometimes even more. Even with good compensation and benefits, employees quit. Employee Retention Factor #6: Onboarding and Training. Employee Retention Factor #8: Compensation. Work Institute ).