article thumbnail

3 Tech Tools No HR Department Should Be Without

Insperity

W-4 changes, pay raises, etc.) And for changes that will be standard going forward, such as a pay raise or new 401(k) deduction, there is no need to enter this again. On the flip side, with an automated time system you can enforce overtime controls.

article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

Business Management Daily

In particular, it requires employers to keep detailed records of hours worked by all employees — including overtime, weekly hours, and any additions or deductions from employee wages. The FLSA has a few other regulations related to payroll documents besides retaining them for three years. That includes the following: Benefit information (i.e.,

Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Tech Tools No HR Department Should Be Without

Insperity

W-4 changes, pay raises, etc.) And for changes that will be standard going forward, such as a pay raise or new 401(k) deduction, there is no need to enter this again. On the flip side, with an automated time system you can enforce overtime controls.

article thumbnail

What are Total Rewards: Here’s A Holistic View

Empuls

Variable pay. Overtime wage. Supplementary pay. Variable pay - Also called ‘pay at risk,’ this part of the salary package has to be ‘earned’ by meeting or exceeding certain defined criteria. Only hard work pays off! This table breaks it down for easier understanding: Compensation.

Bonuses 52