The Struggle to Hire and What Businesses Can Do About It
If you’re finding it difficult to hire employees, you’re not alone. Bloomberg reports that many small businesses are struggling to find people who currently want to work—in fact, 42% say they have jobs they can’t fill. The number of people quitting jobs right now is...Regular Rate of Pay for Employees
Question: What is an employee’s regular rate of pay? Is it just what they make per hour of work? Answer from Marisa, SPHR: Not exactly. An employee’s “regular rate of pay” is the amount used to calculate their overtime rate for a given time period. You might...How to Calculate Severance Pay
Although there is no legal requirement to offer severance, many companies provide it to employees after their employment is terminated. In general, severance pay is based on length of employment. You may decide to offer a week’s pay for every year of service, or a flat amount based on six weeks’ pay. When provided, it’s given either as a lump sum or paid over a number of weeks.
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