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4 Different Types of Compensation

ExactHire Recruiting

The days of salary promises alone are long gone. Direct and Indirect Compensation Typically, when you look at forms and methods of employee compensation , you can separate your core offerings into two categories, direct and indirect. Compensating these employee types with an hourly wage is common among employers.

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Guest Post: 3 Common Labor Law Compliance Mistakes and How to Avoid Them

JazzHR

It can be easy to get confused by legal jargon or misinterpret the definition of an employee’s status and, therefore, fall short of providing accurate wages to workers. The FLSA requires this information in case a business is faced with a wage and hour lawsuit. Misunderstanding ‘hours worked’ and minimum wage laws.

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Including Salary Ranges In Job Adverts: The Pros and Cons

Hireserve

What is salary transparency? Salary transparency involves openly sharing information about compensation with both current employees and potential candidates, such as in job postings. Certain companies, like Buffer , opt to publicly disclose all their salary data, so anyone can view what job title lines up with what compensation.

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What you need to know about Adjusted Gross Income (AGI)

Homebase

Your deductions may include: Operating costs Payroll operating costs Inventory Insurance Rent or mortgage Marketing Employee salaries or wages These are just a few examples of why or where deductions can be made. With gross income, which can be salary or hourly wages paid (including tips), the amount is set before deductions.

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5 Things to Expect from Salary Budgets in 2019

JazzHR

Wages have been more or less flat for several years in a row. Here are five things to expect from salary budgets in the new year: 1. Marginally higher wages for all. The report projects the average salary budget to increase by 3.2 Slightly higher wages for top performers. Will 2019 be the year this changes?

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What Is Salary Compression and How Can It Be Addressed?

Broadleaf

To attract candidates in this fierce job market, companies are increasing pay. This sets a precedent that may inadvertently result in future salary compression. What is salary compression? Salary compression— also referred to as pay compression or wage compression—is a compensation issue that develops over time.

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Who Is NOT Covered by the FLSA?

Recruiting Daily Advisor

The Fair Labor Standards Act (FLSA) mandates the federal minimum wage level and requirement to pay employees overtime for hours in excess of 40 per workweek. For employees who qualify for one or more of these exemption categories, the employer will not be required to pay overtime for hours worked in excess of 40 hours in a workweek.