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A Complete Guide on Salary Benchmarking

HR Lineup

Salary benchmarking, also known as compensation benchmarking, is a crucial process for businesses that aim to maintain a competitive edge in attracting and retaining talent. It involves comparing internal job salaries against external market data to ensure that a company’s compensation structure is both fair and competitive.

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Answering all your questions about salary sacrifice schemes

Employee Benefits

What is salary sacrifice, and how can it help save money for both employers and employees? Terms like salary sacrifice, salary deduction, NET, and Gross can often confuse HR professionals and employees.

Salary 52
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Employers Should Check Salary Thresholds for Exempt Employees Before July 1

PayrollOrg

Employers should check the FLSA salary levels for their exempt employees before July 1 to ensure they comply with the new thresholds.

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DOL Finalizes Salary Threshold for ‘White Collar’ Exemption

PayrollOrg

Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions. On April 23, the U.S.

Salary 104
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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees?

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Exclusive: 62% of staff incentivised by benefits through salary sacrifice scheme

Employee Benefits

Almost two-thirds (62%) of employees who plan to get an electric vehicle (EV) as their next car said a key incentive is the benefits available through a salary sacrifice scheme, according to new research by Tusker. The salary sacrifice car provider surveyed 5,942 UK employees for its Tusker EV driver survey 2024.

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New Salary Thresholds for White Collar Exemptions Impacts States

PayrollOrg

The minimum salary level for the Fair Labor Standards Act (FLSA) “white collar” exemptions will increase in two steps, beginning July 1. This will have an impact on state white collar exemption thresholds.

Salary 104
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How to Execute a Strategic and Efficient Compensation Cycle: Plan

Update your salary bands and run a compensation analysis. Download this free eBook now to make your next annual salary review process the best one yet. This free eBook will show you how to: Run a compensation cycle post-mortem and update your timeline. Build your approver chain. Set your budget. Train managers and stakeholders.

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How to Implement Pay Transparency: A Comprehensive Guide

With pay transparency legislation on the rise globally, it can be difficult for organizations to navigate how to share salary ranges due to administrative complexities, lack of clear job architecture, employee reactions, and more.