More than ever, as rising inflation chips away at disposable income, a pay raise can help plug the gap. The 2023 Social Security cost-of-living adjustment is 8.7%. When times are tough, some extra dollars can remind employees that management has not forgotten them. A...
Compensation
Employee Compensation Plans: The 4 Main Components
Many small-business owners are under the false impression that simply setting a pay rate is all that's required in terms of employee compensation. If only it were that easy, though. The term "compensation" may sound like a simple work-for-pay arrangement, but there's...
Compensation Rules for Donning and Doffing in the Workplace
Donning and doffing is the practice of employees changing into (donning) and out of (doffing) work attire such as uniforms, protective gear or equipment. Employees who may have to don and doff during a shift include: Police officers. Nurses. Firefighters. Security...