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A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Employee contribution (inc.

Pension 52
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Top 5 reasons to check your payslip

cipHR

For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L. While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid.

Pension 98
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FLSA status — exempt vs non-exempt, what do employers need to know?

Business Management Daily

The FLSA establishes federal minimum wage, overtime pay requirements, employer recordkeeping standards, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. How you classify your employees will determine whether they are eligible for overtime. Exempt vs. non-exempt.

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Missed Payroll in the Wake of Bank Collapse: Implications, Strategies, and Minimizing Risk

Proskauer's Employee Benefits & Executive Compensa

Under some of these laws, payment of certain kinds of wages ( e.g., overtime wages) can be delayed until the following regularly scheduled pay day, but only if the wages cannot be computed in time with reasonable diligence. Here, however, the issue is likely not one of computation—but of availability of funds.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

Some components are related to production needs and include overtime and shift differentials. For example, in most states, overtime premiums (e.g., Nevada and Pennsylvania do not exclude overtime pay. Most Canadian jurisdictions include the full value of overtime (e.g.,

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A Simple Guide To Employee Compensation For HRs

Vantage Circle

A total compensation package includes rewards and other benefits such as work-related training, pensions, and more. Salary Plus Commission. Salary plus commission is a commonly accepted employee compensation plan. Some employees enjoy the idea of a commission-only role and some may not. Straight Commission Compensation.

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These Employment Laws Work to Safeguard Pay Equity for All

HR Digest

While the Equal Employment Opportunity Commission (EEOC) works to correct any violations , employees do not often speak up for fear of the repercussions. The Equal Employment Opportunity Commission looks into the complaints filed with its office when employment law violations occur.