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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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Location-Based Salaries vs. Value-Based Salaries

HR Lineup

In the realm of employment and compensation, the debate between location-based salaries and value-based salaries is gaining momentum. Location-Based Salaries Location-based salaries are a common compensation model used by many organizations around the world.

Salary 52
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Xtrac launches electric vehicle salary sacrifice scheme

Employee Benefits

Credit: Just Jus / Shutterstock.com Xtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme.

Salary 116
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Latest Salary Survey Digs Deep Into the Payroll Profession

PayrollOrg

The biennial survey, the 2023 Payroll Industry Report: Results of PayrollOrg’s Survey of Salaries & the Payroll Profession, is a comprehensive overview of the payroll function, providing a wealth of useful statistics and discernible trends, published as a convenient eBook.

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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SALARY SACRIFICE: MAKING EMPLOYEE BENEFITS COST-NEUTRAL

Employee Benefits

Salary sacrifice solutions can help to make employee benefits cost-neutral, freeing up the budget to utilise in other business areas. With 61% of employees relying on their employers to offer more support during the ongoing cost-of-living crisis, it will take cost-effective, salary-stretching employee benefits to bridge the gap.

Salary 98
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Stipend Versus Salary: Key Differences

BetterUp

Jump to section What’s a salary? Salaries versus stipends: Key differences 8 types of stipends Make informed choices about your compensation What’s a stipend?

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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.