Tag

Compensation

Freelancing’s Impact on Modern HR: Trends, Benefits, and Challenges
Recruitment-and-On-boarding
Freelancing’s Impact on Modern HR: Trends, Benefits, and Challenges

The modern workforce is undergoing a significant transformation characterized by a growing reliance on freelancing, contract employment, gig work, and contingent labor. This shift is altering the traditional employment landscape, offering both employers and employees new opportunities and challenges. With the rise of digital platforms and technological advancements, freelancing has become a vital component of contemporary HR strategies, paving the

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How Can You Effectively Retain Your Best Employees?
Talent-Management
How Can You Effectively Retain Your Best Employees?

Employee retention is a critical issue for organizations aiming to maintain a competitive edge in today’s fast-paced and dynamic business landscape. High turnover rates not only increase costs but also lead to the loss of institutional knowledge and can severely impact employee morale within a company. It’s vital to understand the reasons why valuable employees leave and to implement targeted

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Is Remote Work Worth Sacrificing Pay and Promotions for Flexibility?
Payroll
Is Remote Work Worth Sacrificing Pay and Promotions for Flexibility?

In the wake of the COVID-19 pandemic, remote work has become a widespread practice, with many employees now accustomed to the flexibility it offers. However, this flexibility comes with hidden costs, notably in terms of career progression and compensation. Studies have found that remote employees are statistically less likely to receive raises or promotions compared to their in-office counterparts. This

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Is Ageism Affecting Your Workplace Culture and Employee Morale?
Employment Law
Is Ageism Affecting Your Workplace Culture and Employee Morale?

Ageism in the workplace is not just a phrase thrown around in HR seminars; it profoundly impacts employee morale, productivity, and overall workplace culture. The 2024 State of Ageism in the Workplace report by Resume Now brings this issue to light, revealing that a staggering 90% of workers aged 40 and older have faced age-related discrimination. This goes beyond occasional

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Impact of the Employment Rights Bill on Seasonal Worker Employment Benefits
Recruitment-and-On-boarding
Impact of the Employment Rights Bill on Seasonal Worker Employment Benefits

Employers of seasonal workers need to be well-versed in the proposals of the Employment Rights Bill. Misunderstanding or ignoring these could lead to tribunal proceedings and reputational damage. With the festive period’s usual influx of new faces in the hospitality and retail sectors, seasonal spikes are met with a larger temporary workforce. However, as these workers return to the job

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Cracking the Code: A Comprehensive Guide to Bonuses — Definitions, Types, Calculations, and Taxation
Employment Law
Cracking the Code: A Comprehensive Guide to Bonuses — Definitions, Types, Calculations, and Taxation

The payment of bonuses to employees is a common practice in many organizations. However, when it comes to calculating regular pay and overtime, the classification of these bonuses as discretionary or non-discretionary becomes crucial. In this article, we will delve into the distinctions between discretionary and non-discretionary bonuses and explore their implications on an employee’s regular rate of pay. Furthermore,

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