Time and a Half Calculations, With Examples
BerniePortal
MAY 24, 2023
If your organization employs hourly workers, running payroll requires a detailed understanding of how PTO, seasonal holidays, and more factor into their paychecks.
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Money After 70: Financial Opportunities and Challenges-Part 2
Money Talk
AUGUST 10, 2023
Below are 10 more changes, opportunities, and challenges for septuagenarians (people aged 70 to 79): Lasts and ROLE Calculations - As people age, their time orientation changes. As I wrote in my book, Flipping a Switch , people start doing return on life expectancy (ROLE) calculations. an expensive dental crown) are “worth it.”
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It’s Time for a Mid-Year Financial Check-Up
Money Talk
JUNE 29, 2022
It’s that time again…time for a mid-year financial check-up! We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. For example, an iPad or laptop computer, major appliance, car, or college tuition. Compare the results.
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Demystifying Financial Jargon
Money Talk
DECEMBER 21, 2022
Below is a simple description of terms that are commonly used in financial reports and presentations: Inflation- This is the erosion of purchasing power over time. For example, $100 at the beginning of the year buys less than $100 at the end of the year. In other words, half of the numbers are below the median and half are above it.
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Employee Retention Strategies Go Beyond Competitive Salaries
HR Digest
DECEMBER 2, 2023
With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary.
FSA Eligible Purchases for the End of the Year
Benefit Resource Inc.
DECEMBER 21, 2023
If you have unused FSA funds, it can be a somewhat stressful time with the “use it or lose it” concern looming ahead. There is still time to schedule appointments for qualifying services. Time for a cleaning or filling. But it doesn’t need to be. We’ll expand on those options later.
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3 Ways to Improve Your Employee Retirement Benefits
Best Money Moves
JANUARY 31, 2023
Many digital financial wellness programs offer easy-to-use tools and resources for users to engage with on their own free time, like nest egg calculators, personalized savings plans and other retirement ready resources. About half of employees say they aren’t getting enough education about Social Security and Medicare benefits.
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Half of UK employees regularly work unpaid hours, survey finds
cipHR
AUGUST 16, 2023
Among those who do regularly work unpaid overtime, the average time clocked up each week is just over three hours (184 minutes). For example, most people would probably agree that working the equivalent of 18 additional days† (over 139 hours) a year for free seems excessive. hours a week), 25-34-year-olds (3.5 hours and 3.9
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Your Guide to an Employee Perks Calculator
Empuls
OCTOBER 11, 2023
It would be best if you found a way to calculate those perks' cost and see what's reasonable for your company to do. Plus, it would be best to calculate the cost of not offering those perks as well, in the form of poorer recruitment and retention prospects. Do employees love perks - doesn't everyone, honestly?
Is Paying Your Employees Overtime Mandatory?
Abel HR
JULY 16, 2020
The FLSA “establishes minimum wage, overtime pay, record keeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments,” and all of this is overseen by the Wage and Hour Division (WHD) of the US Department of Labor (DOL).
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Mental Injuries: Workers’ Compensation and Disability Insurance Part 1
Workers' Compensation Perspectives
APRIL 29, 2024
Many workers’ compensation jurisdictions and work-disability insurers have noted increasing mental disorder (also called psychological injury, mental injury) claims over time. For example, operational stress injury and military sexual trauma are terms specific to certain armed forces.
Workers in North West most likely to be researching pay rises online
cipHR
OCTOBER 25, 2022
Ciphr analysed Google data for some of the most popular search queries in the UK around the subject of pay rises – such as ‘ how to ask for a pay rise ’, ‘salary increase calculator’, ‘wage rise 2022’, and ‘pay rise letter template’ (over 60 keywords in all) – to discover which UK towns and cities average the most searches per person.
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The Shift from Years of Service Awards to a Culture of Recognition
Achievers
MARCH 13, 2018
The post it notes and desk calculator go next. By the time the dust settles, inventory has grown scarce. Sam’s three “Account Executive of the Half” awards have zero bids. For Sam, there were dozens of moments during that time span that were worthy of recognition. Your coworker Sam is moving on to a new opportunity.
What is Workers' Compensation Self-insurance?
Workers' Compensation Perspectives
FEBRUARY 16, 2024
However, the traditional insurance model, which involves transferring financial risk for specific perils over a set period in exchange for a premium, may only encompass around half of the total workers’ compensation and benefits paid in the US. For a concise summary of the evolution of workers’ compensation, see Guyton GP. Iowa Orthop J.
On-site, fully remote, or hybrid? 3 things you must consider before deciding.
Business Management Daily
SEPTEMBER 3, 2021
employers plan to require employees to work on-site once covid-19-related restrictions completely lift, according to a new survey by the Robert Half staffing firm. Far fewer—16%—will allow employees to follow a hybrid schedule, where they can divide time between the office and another location. Finding time for team development.
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Evergreen commuting – The best way to commute
Benefit Resource Inc.
SEPTEMBER 23, 2022
If you’re new to pre-tax commuter benefits, here are five basic facts you should know: You can have either a Mass Transit Account or a Parking Account or both at the same time. For example, if your monthly transit expense is $125, you could save an estimated $450 annually. ” How so? More green in your pocket. Going green.
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How CIPHR can support you during uncertain times
cipHR
APRIL 16, 2020
Some are having to get used to employees working from home for the first time ever while others are dealing with a shortage of staff. In our recent customer webinar , over half of attendees said that furloughing staff is a major HR continuity challenge they are facing at the moment. Paying employees on time.
How to Engage Employees During the Holidays
Achievers
NOVEMBER 6, 2018
Through all the hustle and bustle of this time of years, you can still find ways to reduce stress, boost employee engagement, and keep your team on track. The end of the year is the perfect time to look back over company successes. Take time to celebrate success for the year with your workers. Celebrate Successes.
Cost of Living Bonuses for Employees in the UK: What Employers Need to Know
Empuls
SEPTEMBER 28, 2023
In a recent survey conducted by Randstad , it was discovered that nearly half, specifically 48%, of employees in the UK express a desire for their employers to offer a monthly cost of living bonus. It's no secret that the United Kingdom is renowned for its dynamic job market, diverse culture, and picturesque landscapes.
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15 recruitment challenges for 2024 (and tips for overcoming them)
cipHR
NOVEMBER 13, 2023
Nearly half (44%) of businesses don’t reply to candidates within four weeks of receiving their application, found a March 2023 study by Resource Solutions. Our LMS ROI calculator template is the place to start. Despite these challenges, data suggests that it’s a candidate-led market.
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52 How to Evaluate the Success of Your Company’s Onboarding Program
HR Bartender
OCTOBER 31, 2017
Organizations don’t want to spend their time and resources doing something that brings no value. It’s the classic return-on-investment (ROI) calculation. Even if you don’t want to calculate ROI, that’s fine. I believe that the majority of the time, when we talk about program evaluation, we’re talking about numbers.
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Payroll services for small businesses
Higginbotham
JULY 19, 2022
These mistakes must be corrected, opening the door for issues when it comes time to pay employees. These mistakes must be corrected, opening the door for issues when it comes time to pay employees. Paid time off may not get credited. Payroll processing is a necessary part of having employees. Payroll Mistakes Happen.
Calculating Overtime When Your Employee Works a Fluctuating Workweek
Patriot Software
JANUARY 21, 2019
But when you have employees who work varying schedules, you might be able to calculate overtime using the fluctuating workweek method. Read on to learn more about a fluctuating workweek, restrictions, calculations, and how to implement it in your business. times the employee’s hourly rate for each hour over 40 worked.
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Procrastination at Work: How to Practice Better Time Management
Business Management Daily
OCTOBER 10, 2022
Wasting time online is by far the most prevalent type of procrastination seen at work, as CareerBuilder lists the following as the top workplace distractions: Smartphone use. Over half of the participants reported using their smartphones the most to avoid work, while 44% cited browsing the internet as their biggest distraction.
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Top 10 pension mistakes individuals could make as they approach retirement
Employee Benefits
DECEMBER 11, 2023
WEALTH at work outlines below the top 10 pension mistakes individuals could make, to highlight what employees facing retirement may need support with. This made sense when the majority bought annuities, as they didn’t want to risk a market crash’s impact on their savings just before retirement. billion in 2018 to £26.6 billion in 2022 [3].
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Are you required to pay your employees overtime?
Abel HR
MARCH 26, 2020
Unfortunately, the answer is far from cut and dry – and yet the stakes are so high because failure to pay that employee their time-and-a-half can leave you on the hook for paying a whole lot more! For example, Abel HR is based in New Jersey, but we have clients in almost every state, so we therefore must comply with FLSA rules.
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Trial Work Periods and Extended Periods of Eligibility
Attorney Charlie Hall
SEPTEMBER 30, 2021
Trial Work Periods and Extended Periods of Eligibility. . by Charles F. Hall, IV, Esq. Board Certified Specialist in Social Security Disability Law by the NC State Bar. Winston-Salem, North Carolina. Originally presented to attorneys on December 11, 2015 at the North Carolina Advocates for Justice. . . . Introduction. WHO IT APPLIES TO.
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How to Manage Better the Payroll of Your Employees
Hppy
JANUARY 28, 2022
Are you struggling to manage your payroll processes because of a lack of time or staff? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .
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Seven objections to investing in learning and development platforms (with exceptional counterarguments)
cipHR
OCTOBER 11, 2023
Investing in new learning and development platforms can be expensive, but it could save on costs and improve profits in the long term; you just need to demonstrate how Have you ever tried to convince a friend or a colleague to do (or not do) something that will help them in the future?
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How to Engage Employees During the Holidays
Achievers
NOVEMBER 6, 2018
Through all the hustle and bustle of this time of years, you can still find ways to reduce stress, boost employee engagement, and keep your team on track. The end of the year is the perfect time to look back over company successes. Take time to celebrate success for the year with your workers. Celebrate Successes.
Hiring and Terminating Employees in Poland
Global People Strategist
DECEMBER 16, 2019
As of 2017, just over 18 million of these citizens were considered part of the Polish labor force – accounting for nearly half of the overall population. For example, once hired, employees in Poland must be guaranteed remuneration on a monthly basis at the absolute minimum. With approximately 2.6
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Workers’ Compensation: What’s payroll got to do with it?
Workers' Compensation Perspectives
SEPTEMBER 30, 2019
Rating bureaus, legislation or policy for each jurisdiction define which components of employer costs of employee compensation are subject to rating and included in the premium calculation. “Payroll” used to have a simple meaning. According to the Online Etymology Dictionary: payroll (n.) More on that in a future post.
When do you have to pay employees who telework for travel time?
Business Management Daily
MARCH 2, 2021
Travel time in the telework era poses unique challenges for payroll calculation. An amendment to the FLSA , the Portal-to-Portal Act, dictates whether an employee’s travel time is compensable. When it comes to travel time, the blurring of the lines between work and home creates unique challenges.
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Types of Wages That Might Come up in Your Small Business
Patriot Software
JANUARY 28, 2019
For example, if you pay an employee biweekly, divide their annual salary by 26. Overtime pay is time and a half , or 1.5 times, the employee’s regular wages. Some types of pay you offer employees can depend on your industry, business, and preference, like commissions. There are also mandatory wages, such as overtime.
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The AI Workplace: How to Balance Employee Trust & Data Security
Qandle
APRIL 14, 2022
Both the digital and analog machines held workplace designers over time to calculate the various outputs of work. But in today’s time, it is artificial intelligence that makes all the difference. Less than even half of the employees are dealing with trust issues in the workplace.
All You Need to Know About Profit-Sharing
Vantage Circle
JUNE 16, 2021
For example, suppose an employer pays a fixed percentage of profits to the employee. For example, suppose an employer pays a fixed percentage of profits to the employee. In a deferred profit-sharing plan, the time of withdrawal is set later or at the time of retirement, death, or termination of employment.
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Five common workplace distractions ? and how to handle them
cipHR
JUNE 18, 2018
More than half of workers says that distractions are preventing them working properly; we explore how to tackle the most persistent problems, from smartphones to social media. The average UK citizen checks their smartphone 28 times a day – and many, significantly more. Smartphones. But that’s not a practical option for most of us.
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8 Ways Employers and Employees Can Save On Prescription Medications
Griffin Benefits
JULY 30, 2021
With over half of today's workforce enrolled in high-deductible health plans (51%), a majority of insured individuals are now on the hook for deductibles of at least $1,400. In addition, those with family coverage are responsible for at least $2,800. In a future post, we'll offer tips on how to save money on common medical procedures.
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The A to Z Explanation About Phantom Stocks
Vantage Circle
SEPTEMBER 26, 2021
Here is a phantom stock example. Phantom stock. Unusual name isn’t it? A phantom stock, also known as “shadow stock” or “ghost shares”, gives employees the opportunity to share in the wealth and success of the company. Back in the day, public companies used phantom shares primarily to generate cash for executives who held stock options.
Aiding Employees With Retirement Planning Boosts Retention
Hppy
JUNE 7, 2018
These hard workers expect a reciprocal relationship of mutual support with the investment of their time, talent and growing skills into a company over the years. Doing the math is half the battle. Financial calculators can help with all of these planning concerns and more. Also read: How to Be a Veteran-Friendly Company.
Wanna Calculate Your Employee Engagement ROI?
15Five
JUNE 16, 2016
For the turnover rate calculation below, we used the median). When you access the Employee Engagement ROI Calculator, you will be prompted to enter your company data. Employee engagement can be defined as proactively and passionately adding value while aligning with the company mission. ” Click To Tweet.
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Bright Side of Benefits – Episode 04: Mental Health & the Workplace
Benefit Resource Inc.
APRIL 22, 2022
And so, this is such an exciting time on a personal level to see mental health not just being passively accepted but really being promoted and advocated for in the benefits space. In episode 4 of the Bright Side of Benefits, host Becky Seefeldt discusses mental health & the workplace with new co-host Kristen Hughes. Download Flyer.
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Opinion Mondays: As to AMA Guides, is There an Alternative to Protz?
The Workcomp Writer
OCTOBER 13, 2022
BRB Says Required Use of “Most Recent Version of Guides is Not Unconstitutional Delegation of Legislative Power. Electric Boat Corp. , 18-0609 , 54 BRBS 27, Dec. 7, 2020)]. . Acknowledging the apposite—but opposite—holding of a divided Supreme Court of Pennsylvania, in Protz v. 645, 161 A.3d 3d 827 (Pa. Background of the BRB’s Pierce Decision.
Telework and time tracking: Legal do’s and don’ts
Business Management Daily
JULY 29, 2020
Time tracking for hourly workers is crucial. Be sure to check with your state labor department or attorney for what expenses you must cover; A clear policy on time-tracking. Be sure to check with your state labor department or attorney for what expenses you must cover; A clear policy on time-tracking.
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