Adjusting Pay Archives

Professional Exemption

How will your employees get paid? Often, businesses choose to pay an employee hourly or salary depending on which is more convenient for them. However, there’s more to it than that! This article explains what exempt means and the laws and regulations that an employer should be aware of.

Employee Reimbursement

Employee reimbursement can get confusing. Can you reimburse for business-related travel and meals while traveling, or is that wrong? Are there tax implications for employees or the business? Read on to navigate through these questions and find out more.

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Compensation & Benefits Statistics

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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.

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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.

Eddy Overview

Eddy is an employee management software that helps you manage your people, payroll, and HR processes.

Hiring

Cast a wider net to find qualified candidates, streamline your internal hiring processes, and improve your candidate experience.

Onboarding

Digitize your onboarding to save time and improve the new hire experience.

Employee Data and Documents

Track essential employee data, digitize your manual HR processes, and improve your employee experience.

Time and Attendance

Improve efficiency with digital time tracking and PTO management.

Full-Service Payroll

A payroll solution that saves time, reduces errors, and helps you stay compliant with complicated laws and deadlines.

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

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HR Encyclopedia

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

Eddy Overview

Eddy is an employee management software that helps you manage your people, payroll, and HR processes.

Hiring

Cast a wider net to find qualified candidates, streamline your internal hiring processes, and improve your candidate experience.

Onboarding

Digitize your onboarding to save time and improve the new hire experience.

Employee Data and Documents

Track essential employee data, digitize your manual HR processes, and improve your employee experience.

Time and Attendance

Improve efficiency with digital time tracking and PTO management.

Full-Service Payroll

A payroll solution that saves time, reduces errors, and helps you stay compliant with complicated laws and deadlines.

Community

HR Mavericks

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

Resources

HR Encyclopedia

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

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