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Expert Q&A: Understanding the DOL’s Overtime Rules

HR Digest

The overtime rules went into effect on January 1, 2020. Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Six discussions were held, and it was decided that the present compensation for overtime was inadequate.

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Papershift

HR Lineup

Additionally, Papershift supports automatic overtime calculation and adherence to labor laws, simplifying payroll processing and ensuring compliance with regulations. Moreover, Papershift is highly adaptable and can cater to various industries, including retail, hospitality, healthcare, manufacturing, and more.

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From Crunching Numbers to Leading the Pack: The Journey to Becoming an Assistant Controller

Professionals Alternative

The city is home to numerous Fortune 500 companies, including several in the distribution, manufacturing, and retail sectors, where Assistant Controller positions are in high demand. In manufacturing, they oversee cost accounting, inventory valuation, and product costing, ensuring the company’s profitability and competitiveness.

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How to Calculate Variable Cost: Examples and Best Practices

Empuls

Most kinds of production and manufacturing facilities incur labor charges that need to be paid out daily/weekly and this cost is variable as it rises when there is a higher number of hours/units produced and lower when there is less. These materials are either purchased as parts or as material and made at the production facility. 

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How people analytics can help your business

Insperity

For example, if you’re in retail, manufacturing, home healthcare or any industry that employs mostly hourly workers, then overtime and compensation analytics will be very useful to you. 6 people analytics use cases. You can also use this information to create better compensation and retention plans. Labor cost analysis.

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From Numbers to Leadership: The Evolution to Assistant Controller

Professionals Alternative

Balancing Work-Life with Minimal Overtime in a Hybrid Career One of the advantages of pursuing a hybrid career is the opportunity to achieve a better work-life balance. Unlike traditional accounting roles that often demand long hours and extensive overtime, hybrid positions offer more flexibility and minimal overtime requirements.

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Mandatory vacation time for employees: 6 pros and 6 cons

Insperity

If a nursing team is short-staffed and working overtime to cover all shifts, one person taking a week off may cause a hardship to coworkers and managers. This is common in the manufacturing, tax consulting and retail industries, where companies have distinct, predictable busy seasons. 6 cons of mandatory PTO.

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