Adjusting Pay Archives

Overpaying Employees

Of all the errors made in payroll calculations, overpaying an employee is the least likely to be reported. It is important to know how to quickly identify and correct employee overpayments properly so it doesn't cost your company even more to collect back.

Wage Garnishment

As an employer, wage garnishments can be intimidating and confusing. There is uncertainty around how much to take out, when to take it out, and more. A mistake can result in fees for the company, adding pressure to HR. Read on to understand wage garnishments and learn some best practices so you can be more comfortable when the first one comes across your desk.

Referral Bonus

What better way to attract more business than by word of mouth? Could the same be said about attracting talent? Let's take a closer look at referral bonuses and why they may benefit your organization.

Employee Payroll Taxes

When you see the word “employee,” as an HR professional it may be hard to remember, yes, you’re one of those too. That means you need to understand what employee payroll taxes are for you as an employee, but also be able to explain it to your employees effectively.

Pre-Tax Deductions

Have you ever wondered what a pre-tax deduction is? Keep reading to dive into what it is, its regulatory components and benefits.

Executive Exemption

It’s critical that you understand the criteria for the executive employee exemption to ensure all employees are being fairly compensated and you are complying with the Fair Labor Standards Act.

Voluntary Deductions

Anytime the word “deductions” is thrown around, there’s often fear and lots of questions. Employees may ask, “Are these deductions something I signed up for?” Or, “Should these be coming out of my paycheck?” How do you answer them? Read on to learn all you need to know about voluntary deductions.

Involuntary Deductions

Are you comfortable explaining paycheck deductions to employees? When it comes to deductions that are required by law or those that you elect on your own, things can get a little confusing. Read on to learn more about involuntary deductions.

Eddy Payroll CTA

…

Relocation Bonus

Need to deepen your company’s talent pool? A relocation bonus is a great way to attract talent from other areas of the country or globe.

Gross Up

As the war for talent continues, many potential candidates are on the move. To combat the cost of relocation, a gross-up might be your solution. Continue reading to learn more about what gross-ups are, how to calculate them and why they’re important.

Payroll Deductions

Do you remember when you got your very first paycheck and it wasn’t the amount you expected? That’s because of payroll deductions, the amount your employer withholds from your earnings. Let’s take a closer look at payroll deductions and why they are important.

Geographic Pay Differentials

If your company includes employees who live in different cities, you are probably aware that you may need to pay them differently to account for the cost of living in different places. How do you create and apply an equitable geographic differential policy? Read on to learn the basic concepts and steps of this process.

Cost of Living Adjustments (COLA)

The future is unpredictable, but what we know for certain is that prices on housing, services and goods are likely to increase. Employers often account for inflation through Cost-of-Living Adjustments (COLA). Let’s explore what a COLA is, when you might consider making one, and how to make that decision.

Grandfathering

While there are many choices to ponder when it comes to selecting or changing benefits, grandfathering doesn't tend to come to mind (despite its importance). What are grandfathered benefits and should you consider it in your business?

Holiday Pay

Holiday Pay! What is it? How does it work? Do you have to offer it?

Raise

An employee approaches you about increasing their pay. Are you comfortable responding? This article will help you learn more about when to give raises, how much a raise should be, and what factors influence the decision. Preparation in the early stages of this process makes all the difference when the conversation arises.

Overtime

Do you know the requirements for paying overtime to your employees? This article will explore some of the important facts you need to know about overtime and overtime pay.

Additional Pay

There are a lot of reasons to supplement employee wages with additional pay. You may find yourself looking for ways to correct an error, show appreciation, improve performance, encourage participation in a program or sweeten the deal for a new hire.

Whatever the reason, knowing the different types of additional pay and how they serve the employment relationship is an important part of Human Resources management. This article will show you the basics of additional pay and when to use it like a pro!

Incentive Pay

In your constant search for ways to motivate employees, you may consider adding incentive pay to your compensation program. If you are, you’re probably wondering whether it works or not. Really, whether incentive pay is right for you depends. In this article we define what incentive pay is and lay out the main advantages and disadvantages everyone should consider before implementing their own incentive pay plan.

Pay Adjustment

Paying people fairly is a challenge every HR department faces, and there are many factors to consider. Why and when would you adjust a person's pay? How do you do so fairly? What’s the best way to communicate a pay cut to employees? Regardless of whether you’re considering a raise or a pay cut, there are some things every HR professional should know.

Eddy Overview

Hiring & Onboarding

Hire and onboard reliable workers faster

People Management

Take care of your people and protect your business

Payroll

Easier full-service payroll for small businesses

See a Demo

Schedule a product demo with our team

Get a Price Quote

We'll design a custom price quote for you

Video Tours

Watch videos of each of our products

Hiring & Onboarding

Job Board Posting

Automatically post to all top job boards in a single click

Career Pages

Showcase your company culture with a custom career page

Candidate Profiles

Store candidate information in digital profiles for a faster, more efficient hiring process

Interview Guides

Eliminate bias from the hiring process with interview guides

Candidate Communication

Speed up the hiring process by streamlining candidate communication

Interview Scheduling

Save time in the hiring process with self-scheduled interviews

Onboarding

Onboarding that helps you stay organized and maximize time

Hiring Reports

Track and improve key metrics with automated hiring reports

People Management

Employee Profiles

Store important employee information digitally

Time Tracking

Time tracking software that saves you from wasted time and human error

Paid Time Off (PTO)

Approve PTO requests, track who’s off, and let employees view their balance

Training Tracking

Track anything with an expiration or renewal date. Get notified before anything expires

Full-Service Payroll

All Payroll Features

See what our payroll software can do

Eddy-Managed Payroll

Eddy’s team of experts can handle your payroll so you don’t have to

Community

Community

HR Mavericks

Join the community democratizing access to HR knowledge and best practices.

Get Involved

Learn about our community and how to get involved

Projects

Get a glimpse of all the projects we're working on

HR Mavericks Members

Meet the people behind the movement

HR Encyclopedia

Democratizing HR knowledge, one term at a time

Podcast

Weekly interviews with small business HR pros

#HRMavericks on LinkedIn

Follow our page and #hrmavericks on LinkedIn to see our content

Resources

HR Encyclopedia

We're creating the world's largest, free encyclopedia of HR.

Our Story — About Eddy

Learn more about the people and brains behind Eddy

Awards & Achievements

Take a look at some of our accomplishments

Careers

Be a part of something bigger than yourself

Help Center

Find answers to your questions about the Eddy platform

Contact Support

Reach out to our team with any questions

HR Encyclopedia

Democratizing HR knowledge one term at a time

Podcast

Weekly interviews with small business HR pros

Eddy Overview

Hiring & Onboarding

Hire and onboard reliable workers faster