article thumbnail

Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans. per hour Jan.

401(k) 52
article thumbnail

Types of Compensation: Everything HR Needs to Know

HR Lineup

Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans. Overtime Pay: Employees who work beyond their regular hours may be eligible for overtime pay, compensating them for the extra time and effort put into their work.

Bonuses 60
Insiders

Sign Up for our Newsletter

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

article thumbnail

Flexible work arrangements: Balancing employee preferences with organizational needs

Higginbotham

Remote work may make it difficult to document compensable working time, as well as dealing with unauthorized off-the-clock work or unauthorized reported work, as well as obligations for overtime pay. Eligibility for many other benefits may be elective under federal law but mandated by state law.

article thumbnail

A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc. Rewards should be flexible and varied overtime to meet employees' changing needs, lifestyles, and career stages. Components/Elements of Total Rewards. Flexibility.

IT 52