Adjusting Pay Archives

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.

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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.

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The all-in-one HR Suite built for local businesses with deskless workforces.

Eddy Hire

Applicant Tracking and Recruiting

Eddy People

Core HR and Workforce Management

Eddy Payroll

Full-service Payroll

Eddy Learn

Training and Learning Management

HR Mavericks is the free community on a mission to democratize HR.

HR Mavericks is the free community on a mission to democratize HR.

Start Here!

Learn about our community and how to get involved.

Projects

Check out what we're working on.

Members

Meet the people behind the movement.

HR Mavericks Podcast

Weekly interviews with small business HR pros.

HR Encyclopedia

Democratizing HR knowledge one term at a time.

#hrmavericks on LinkedIn

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

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