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Workers’ Compensation 101 for Small Business Owners

Homebase

Whether your employees work behind a counter, at a desk, in a warehouse, or wherever, there are risks of injury in almost all lines of work. That’s why workers’ compensation insurance—also often called worker’s comp — is mandatory in most states. Get started for free with Homebase What is workers’ compensation insurance?

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How to Create Efficient Compensation Strategy for Business?

CuteHR

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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5 Must-Have Components of a Compensation Management System

HRsoft

A solid compensation management system should go beyond just checking the boxes by paying people fairly. By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization. Gallup reports that a whopping 87% of employees are not engaged at work across the globe.

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Understanding the Gig Economy and Modern Compensation Management

Recruiting Daily

At the same time, gig workers are more financially dependent on their gig incomes than others. Which brings us to the point about compensation. Does a new way of working call for a rethink around traditional approaches to compensation management? A Modern Compensation Philosophy for the Gig Economy.

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The 2019 Compensation Best Practices Report

Speaker: Wendy Brown, Director of Content Marketing, PayScale

According to PayScale’s latest Compensation Best Practices Report (CBPR) survey, nearly half of employers feel that the strong job market has increased their turnover rates.

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Dollars and Sense: How to Report and Withhold Tax on Tips

Homebase

Have you ever noticed when you vacation abroad in places like Europe, the service at restaurants isn’t quite as attentive? After all, no one likes a surprise at tax time. Managers have the flexibility to determine how tips are incorporated into their team’s compensation. The difference? The tipping culture. In the U.S.,

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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.