article thumbnail

Regular rate calculation gets a makeover

Business Management Daily

Nonexempt employees who work longer than 40 hours in a week must be paid overtime at 1.5 15, 2020, allow you to offer more perks to nonexempt employees without having to include those perks in their regular rate calculation when you’re figuring their overtime rate. Employee discounts on retail goods and services.

article thumbnail

What you need to include in a small business employee handbook

Business Management Daily

Exempt employees must meet specific criteria set by the Federal Labor Standards Act in order to be exempt from overtime wages. Nonexempt employees are entitled to overtime pay if they work over 40 hours in a workweek. Include information on overtime pay as well as meal and rest periods.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The difference between employee engagement and job satisfaction

Business Management Daily

Consider these four scenarios: Scenario 1 Jack works in general merchandise at a big-box retailer. Allison knows her efforts truly make a difference to the company’s well-being, and she puts in a good deal of overtime. Perks such as on-site childcare and generous PTO assist in work-life balance, adding to the attractiveness of the job.

article thumbnail

Massachusetts wage and hour laws you need to know

Genesis HR Solutions

Most hourly (non-exempt) employees who work more than 40 hours in any week must be paid overtime. Overtime pay is at least 1.5 Ă— the regular rate of pay for each hour over 40 hours. Many retail and non-retail businesses are allowed to operate on those days, but some retailers must pay premium pay to workers.

article thumbnail

How to address employee pay in your inclement weather policy

Insperity

A retail bank, with operating hours of Monday through Friday, 8 a.m. If an employer’s practice is to allow non-exempt employees to use vacation or PTO in the event of a closure, it should be identified in the inclement weather policy to provide clarity for employees. will have totally different staffing requirements.

PTO 53
article thumbnail

The best timeclock options for small businesses

Business Management Daily

If you only have one work location that employees report to, such as a retail store or office, choosing a time clock will be fairly simple. Detailed reporting can help you keep track of labor costs throughout the period, employee attendance, and overtime. Work locations. The TotalPass P400 is a sturdy PIN-entry time clock.

Payroll 52
article thumbnail

JOB SATISFACTION

HR Management Activities

Absenteeism is lowest in retail/wholesale firms, possibly because those industries use a large percentage of part-time workers. Some firms have extended their policies to provide a paid time-off (PTO) program in which vacation time, holidays, and sick leave for each employee are combined into a PTO account.

PTO 40