HRsoft

OCTOBER 30, 2023

As organizations strive to attract, retain, and motivate top talent, compensation management continues to evolve. In the year 2024, several trends are expected to shape how businesses approach compensation strategies. Employees increasingly demand fairness and transparency in how compensation decisions are made.

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Compensation Trends Financial Healthcare 105

HRsoft

MAY 3, 2024

Businesses who view compensation as a strategy are often more successful at both attracting and retaining their talent, and one of the key drivers in achieving this goal is an effective compensation management system. The landscape of compensation management has evolved significantly in recent year.

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Compensation System Data Financial 59

Recruiting Daily Advisor

APRIL 4, 2023

With the proliferation of remote work arrangements, it is essential for employers to define their policies, requirements, and eligibility to engage in remote work programs in order to streamline the process, establish expectations, and avoid legal entanglements. A well-written employee handbook can do just that.

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Handbook Policies Hotels Government 111

Workable

OCTOBER 9, 2023

A standardized employment agreement policy assists HR professionals in ensuring consistency, clarity, and legal compliance across all employment contracts. What is the employment agreement policy? Determine compensation and benefits: Outline the employee’s compensation package, including salary, bonuses, and benefits.

Policies 62

Policies Insurance Insurance Compensation 62

Workable

NOVEMBER 1, 2023

What is the Interview reimbursement policy? In the competitive job market, attracting top talent often goes beyond the job role and compensation. The Interview Reimbursement Policy is designed to cover the expenses candidates might incur while attending interviews, especially if they are traveling from a different city or country.

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Homebase

APRIL 19, 2024

That’s why workers’ compensation insurance—also often called worker’s comp — is mandatory in most states. Understanding worker’s compensation insurance is crucial to protecting both your employees and your business. Get started for free with Homebase What is workers’ compensation insurance? Let’s dive in!

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Workable

SEPTEMBER 8, 2023

The medical leave policy is designed to provide clarity and support to employees who, due to medical reasons, are unable to fulfill their work duties for a temporary period. A medical leave policy should include: Eligibility criteria with clear guidelines Duration of leave and under what conditions extensions can be granted.

Policies 62

Policies Guidelines Workable Compensation 62

HRsoft

NOVEMBER 28, 2023

The rise of hybrid work models, where employees split their time between remote and office-based work, has brought new challenges for compensation management. Organizations must adapt their compensation practices to accommodate the needs and expectations of a diverse workforce.

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HRsoft

DECEMBER 7, 2023

In the realm of compensation management , off-cycle adjustments often arise as necessary measures to address unique circumstances, such as promotions, market changes, or exceptional performance. Effectively managing off-cycle compensation adjustments is crucial for maintaining employee satisfaction, motivation, and retention.

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Compensation Policies Guidelines Reference 59

HRsoft

APRIL 3, 2024

In today’s competitive business landscape, companies strive to attract and retain top talent by offering competitive compensation packages. To address this challenge, businesses are turning to innovative technology solutions to streamline their compensation strategies.

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Compensation Strategy Trends Retention 52

Workable

OCTOBER 4, 2023

Having a clear and comprehensive short-term disability pregnancy policy template in place is invaluable for HR professionals. This policy ensures that affected employees receive a portion of their regular income during their medically necessitated absence. Compensation details: Percentage of regular income provided during the leave.

Policies 62

Policies Compensation Guidelines Workable 62

Workable

NOVEMBER 10, 2023

Having a well-structured redundancy policy can save HR professionals a lot of time and effort when dealing with sensitive issues related to job losses. A company redundancy policy should include: A clear explanation of the circumstances under which fixed-term contracts or temporary employees may be terminated.

Policies 62

Policies Guidelines Workable Government 62

Viaduct

APRIL 17, 2024

Developing a maternity and paternity leave policy for your startup is crucial for attracting high-quality candidates and supporting your employees through major life events. Legal Compliance: First things first—ensure your maternity and paternity leave policy complies with all relevant federal, state, and local laws.

Policies 62

Policies How To Handbook Benefits 62

Recruiting Daily Advisor

JULY 13, 2023

Real change is rooted in policy. Behind the public-facing efforts, companies should be grounding their work in policy because that’s what leads to meaningful and sustainable change. This is a critical first step because no policy can override a culture where equity isn’t valued and prioritized.

Policies 98

Policies Data Survey Diversity 98

Homebase

APRIL 25, 2024

Workers’ compensation for small business employees can feel overly complicated, dauntingly official (see: fines and liability), and pretty darn expensive. Here’s everything you need to know about workers’ compensation. Traditional policies often require hefty premiums paid upfront, putting a serious strain on your cash flow.

Small Business 52

Small Business Compensation Insurance Insurance 52

Workable

AUGUST 1, 2023

This Independent Contractor Agreement policy can help you craft a mutually beneficial contract between your company and an independent contractor. The policy clearly outlines the expectations and responsibilities of both parties, reducing the potential for disputes and misunderstandings. What is an Independent Contractor Agreement?

Policies 62

Policies Insurance Insurance Government 62

Workable

OCTOBER 31, 2023

This template will provide a comprehensive framework for HR professionals to create a military leave policy that complies with federal and state laws. What is a military leave policy? A policy that outlines the guidelines for employees who need to take time off from work to fulfill their military obligations.

Policies 62

Policies Guidelines Workable Training 62

HRsoft

OCTOBER 26, 2023

As organizations strive to attract, retain, and motivate top talent, compensation management continues to evolve. In the year 2024, several trends are expected to shape how businesses approach compensation strategies. Employees increasingly demand fairness and transparency in how compensation decisions are made.

Compensation 59

Compensation Trends Financial Healthcare 59

Recruiting Daily Advisor

DECEMBER 14, 2022

As a recession looms on the horizon of the new year, many HR experts are wondering how to best utilize benefits and compensation packages. As the new year quickly approaches, let’s look back at HR Daily Advisor ‘s best benefits and compensation content of 2022. HR Works Podcast: Compensating the Modern Workforce.

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Recruiting Daily Advisor

DECEMBER 13, 2023

Benefits and compensation are an integral component of the HR space. While preparing for the new year, let’s take a look back at HR Daily Advisor‘s best benefits and compensation content of 2023. The post Best of Benefits & Compensation 2023 appeared first on HR Daily Advisor.

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Compensation Benefits Financial Monster 64

Recruiting Daily Advisor

FEBRUARY 5, 2024

Under our benefits policy, a half day (four-hour deductions) for exempt employees is usually OK, and our nonexempt employees can take PTO one hour at a time, but could we require a similar two-hour increment for exempt employees, as well? The post Ask the Expert: Can Time Increments Play a Role in Company PTO Policies?

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Recruiting Daily Advisor

JULY 17, 2023

PTO is a major component of HR investment and a critical contributor to employee well-being, which is why PTO policies must be inclusive. HR teams should also have open discussions with employees about how they can implement more inclusive PTO policies. The post Are Your PTO Policies Inclusive?

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Policies Diversity Benefits Culture 98

Recruiting Daily Advisor

DECEMBER 13, 2022

During the initial COVID frenzy, it was particularly difficult to determine which policies still applied and which ones had expired. As we are officially in the season of colds, the flu, holiday parties, and potential COVID upticks, it might be appropriate to pull out various policies and check the label to evaluate your “best by” date.

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Policies Compensation Healthcare Banking 98

AkkenCloud

AUGUST 29, 2022

Before you can reduce workers’ compensation costs in your business, you must develop a straightforward formula. or less will decrease your workers’ compensation expenses. Save Money on Workers’ Compensation Insurance. Ensure You are Tracking Workers’ Compensation Claims Management Best Routines.

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Compensation How To Insurance Insurance 98

Recruiting Daily

FEBRUARY 21, 2023

Location-based compensation is a practice from the past that has to go. Location-based compensation was inherently fair, ensuring equal pay among employees even when they lived in diverse locations with differing costs of living. Legal Risks Location-based compensation can also pose legal risks, mainly if not implemented correctly.

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Compensation Policies System Financial 80

Homebase

JANUARY 19, 2024

Packed with detailed policies on equal employment opportunity, harassment, and other legal requirements it helps prevent misunderstandings and promotes fair treatment. Employee policies This section is all about ensuring a fair work and safe work environment. Why do restaurants need an employee handbook?

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Handbook Policies Guidelines How To 52

Recruiting Daily Advisor

JUNE 9, 2022

While most companies are hesitant to embrace a true “work from anywhere” policy, there are some notable exceptions. Through it all, Chesky has leaned into big moves, including the recent announcement of one of the industry’s most liberal ‘work from anywhere’ policies.” . Offering Maximum Flexibility Despite Challenges.

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Policies Travel Financial Data 122

Eightfold

MARCH 30, 2021

This has inevitably led organizations to question their pay scales; specifically, whether or not employee compensation should be based on the living expenses in the employees’ physical location. “To Human Resources Considerations of a Pay Localization Policy. Will workers avoid your company because of such a policy?

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Compensation Policies Talent Acquisition Transportation 118

Staffingsoft

MARCH 21, 2024

In the changing world of managing a workforce, employee compensation and benefits continue to play a crucial role in attracting and keeping top talent. As businesses adjust to shifts, progress and evolving employee needs it is essential to stay updated on the newest trends in compensation and benefits for organizational success.

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Compensation Benefits Trends Healthcare 45

Recruiting Daily

APRIL 7, 2022

With fairness and equity being the defining issues this year, clear compensation communication is a must. Although employers may come up with impressive compensation plans, they often handle the communication poorly. An employee’s perception of their compensation significantly impacts engagement and performance.

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Compensation How To Training Education 84

HRsoft

JULY 10, 2023

In today’s dynamic business landscape, companies face numerous challenges in managing compensation effectively. From rapidly evolving market demands to the complexities of diverse workforces, organizations often find themselves caught in a whirlwind of compensation chaos.

Compensation 52

Compensation Employer Branding Financial Strategy 52

CuteHR

SEPTEMBER 21, 2022

According to 66% of workers, benefits are an essential aspect of overall compensation. The compensation strategy is essential in achieving consistency when it comes to compensation and benefit choices within your firm. However, having a compensation strategy aligned with your business culture is not enough. Overtime Pay.

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Compensation Strategy How To Examples 87

HRsoft

NOVEMBER 9, 2020

A compensation philosophy aims to ensure pay is market-competitive and aligned to the business strategy. To support these two factors, there are six components, or goals, of compensation philosophy: Attract top talent from the market. Keep in mind that compensation data may need to be reviewed outside of your specific niche.

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Compensation Comparison Policies System 98

Recruiting Daily Advisor

JUNE 6, 2022

House of Representatives), now is a good time for all employers to review and update your drug testing policies. Updating Testing Policies. Employers conducting drug tests should strongly consider adopting a policy that complies with Arizona’s drug testing statute (codified at A.R.S. § 23-493 et seq.). Litigation Protection.

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Policies Handbook Transportation Compensation 98

Recruiting Daily Advisor

APRIL 9, 2024

The post <strong>How HR Teams Can Revamp PTO Policies to Meet Employees’ Financial Needs</strong> appeared first on HR Daily Advisor. Rob Whalen is co-founder and CEO of PTO Exchange.

Financial 105

Financial Policies Meeting Banking 105

Recruiting Daily

MARCH 31, 2022

Compensation not only includes a salary but other monetary benefits like vacation pay, health insurance, travel allowance, work-from-home allowance, stocks and equity and retirement bonuses. Discussing compensation during the interview is one of the most important strategies for candidates to gain all this information.

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Compensation Interviews Insurance Insurance 112

Recruiting Daily Advisor

MAY 17, 2021

First, however, be sure you clearly communicate: Information about the mandatory vaccine policy; How to request an exemption and the deadline for doing so; Date by which they must receive the vaccine; and Any ramifications for failing to get the shots. Any incentives should be clearly defined in your vaccine policy.

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Policies Healthcare Compensation Groups 109