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Furlough vs. layoff: What’s the difference, and what do employers need to know?

Insperity

To maintain compliance with the Fair Labor Standards Act (FLSA) , exempt workers must be paid their full salary for any week in which they perform work. And if exempt employees only work a partial week due to a government shutdown, you likely still need to pay them a full week’s salary. PTO payout. Are you in search of a PEO?

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Not just salary. Paid Time Off (PTO). Offering paid time off— or PTO— can be a great extrinsic reward for those companies. PTO is any time off that is compensated by an employer. This means PTO is every vacation time, sick days, bereavement, and jury duty are all PTO. Life insurance.

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3 Types of Compensation Packages To Consider and Why

Achievers

Some folks are hourly, some are salaried, and depending on what role they play, others receive bonuses or commissions based on their performance. Straight salary compensation. Salaried employees are paid a set annual amount, and provided that amount is more than $23,660 per year, they do not receive overtime pay. Simple, right?

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

These benefits are given to employees over their salaries and wages. Disability Insurance The employer pays the worker's salary if the worker becomes disabled or cannot work. Short-term covers the employee for up to 6 months, while long-term covers a worker's lifetime salary. Employees love benefits.

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Employee perk ideas to improve employee satisfaction and attract top talent

Business Management Daily

Bonus packages shouldn’t be the carrot on a stick to earning a competitive salary, whether or not people meet their quotas. There’s just no substitute for paying people a competitive salary and giving them the benefits package they need to thrive outside of work. Flexible schedules and PTO are also critical.

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FMLA leave: Who’s eligible and for how long?

Insperity

It does not make stipulations about salary. But when should you have an employee use their PTO for sick leave , and when do you request FMLA? During this time, the employee can use PTO. When PTO is used, it would be used in conjunction with the leave and not prior to the leave.

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Simple steps to create an employee handbook

Business Management Daily

If you need templates for all of the policies, check out Business Management Daily’s Book of Company Policies. Exempt employees are typically administrative or management staff members paid on a salary basis. PTO policy. Also, be sure to include if there is a waiting period for using accrued PTO for new employees.