Category:

How to Avoid Minimum Wage Violations

October 18, 2018 in HR, Payroll
Minimum Wage

Nearly a decade since the last increase of Minimum Wage Here’s what you need to understand The last minimum wage was raised in 2007. A time when the US economy was on the verge of economic recession. It generated a lot of reactions internally, politically and economically. As politicians, analysts and media scramble around to speculate on the viability of Washington’s choice in increasing the minimum wage. Especially on its short, medium and long term effects on labor market. For most companies,the decision to increase the minimum wage from $5.15 to $7.25 was a huge burden. With some analysts like Jeffrey…

McGregor earns a Minimum’s Wage Annual Salary in half a Second

October 17, 2018 in HR, Payroll, Time & Attendance
Minimum Wage

50 million dollars in one match for UFC star McGregor Nearly 2 weeks ago, the Martial Arts community tuned in to watch the UFC’s most hyped match of the history. The UFC championship bout. Between the undefeated current champion Khabib Nurmagomedov and former lightweight champion Connor McGregor was perhaps UFC’s greatest fight. The much anticipated fight of the year set the record for the largest pay-per-view event in MMA history, having generated approximately 2.5 million buys in the US itself. Therefore giving the biggest UFC paycheck of $50 million dollars for the UFC star in his career. But it was…

Minimum wage and the rise of Automation

October 12, 2018 in HR, Payroll, Time & Attendance
Minimum Wage

Minimum Wage and the rise of Automation Minimum wage changing the game “Hi, Can I help you?” asks a crew wearing a red uniform behind the counter. After 60 seconds of receiving the customer’s order. A Big mac meal and a corn pie is out. Once the order is served, the crew smiles and caters to the next customer. For McDonalds, where the serving area is usually occupied and staffs are usually busy. Efficiency and speed in management is a necessary method to keep them profitable. That’s the McDonald way of doing business. But gone are the days of cashiers asking…

Amazon’s $15 minimum wage is a wake up call to other retailers

October 11, 2018 in HR, Payroll
Minimum Wage

Amazon’s Minimum Wage $15 a must, not an option Amazon’s move to increase its Minimum wage of $15/hour comes at a time as U.S unemployment rate are near record lows of 3.7% by September 2018.  The tight labor market. Followed by a high turnover rates on the Industry. It has given employers a difficult time in finding extra manpower around the up coming holiday season. Add that up with projections for record-breaking holiday total retail sales of $1.10 trillion . It makes definite sense for Amazon to increase its minimum wage. Especially during a time as it prepares to hire 100,000 temporary…

Can I trust my HR SaaS Cloud provider with my data

August 30, 2018 in HR, Payroll, Time & Attendance

As you are reading this in your web browser, either through mobile or desktop. You are probably quite familiar with the term of Cloud computing in Human Resource itself. We believe that everyone at some point might have used Cloud on the Internet itself. If you have used services from Internet tech giants like Gmail, Dropbox, Amazon and other IOT companies. Then for sure, directly or indirectly, you have used cloud. In order to begin, let’s first understand what cloud is.   What is Cloud Computing? In Simple terms “Cloud is a way to store Information and services on the…

Cloud computing in Human Resource – How it will transform HR Practices

August 30, 2018 in HR, Payroll, Time & Attendance
Human Resource

According to Oxford learners dictionaries, Human Resource refers to a department in a company that deals with employing and training people. A few years ago, before the breakthrough of Cloud computing, the role of Human Resource in any companies seems to follow the same flows and patterns in their operations. The topics were; recruitment, administration, issuing of contracts, employees’ operations and disciplinary work. Though each companies have different sets of rules, culture and ways of operations. All HR models in the past operates on a single common ground. They all were based on a regional operating model. With each company’s…

Minimum wage 2018 in the Netherlands

June 14, 2018 in HR, Payroll, Time & Attendance
Netherlands

A minimum wage is the lowest amount that can be legally paid to an employee by an employer either per hour, day, or month in a particular state/province or country. This definition does not apply to the maximum limit that can be paid to an employee, and it sets the ground rules for payment being that an employer cannot pay less than the legal minimum wage required. Minimum wage 2018 in the Netherlands Wages in the Netherlands increased from 1 January 2018, with workers aged 22 or over entitled to a minimum of €1,578 per month. This represents a €13…

Minimum wage 2018 in Portugal

June 14, 2018 in HR, Payroll
minimum wage 2018 in Portugal

A minimum wage is the lowest amount that can be legally paid to an employee by an employer either per hour, day, or month in a particular state/province or country. This definition does not apply to the maximum limit that can be paid to an employee, it sets the ground rules for payment being that an employer cannot pay less than the legal minimum wage required. Or in another context, it could be said to be the lowest amount that is collectively negotiated by trade unions and/or social partners to be paid to employees in different job sectors usually recognized…

Minimum Wage Rate Of India 2018

May 29, 2018 in Payroll, Time & Attendance
minimum-wage-rate-india

The Minimum Wage Act is an Act of Parliament concerning Indian 1st law that sets the minimum wage that must be paid to skilled and unskilled labors. However, to keep in mind an industry’s capacity to pay the constitution has defined a ‘fair wage.’ , Minimum wage is a payment, or among which is given to the employees/workers for the work(job) they have done. It is given according to the working condition/experience and type of work. The minimum wage is generally calculated on the basis of the number of ho. It can either be paid on a daily basis after the completion of work or…

4 Things to Know If You Plan On Changing Time Cards Systems In 2018

May 24, 2018 in Payroll, Time & Attendance
Transformation of Human Resource Practices

A champion among the essential business decisions you’ll make this year is the way you will deal with your finance. In case you’re running investment without anyone else, you’re most likely agonizingly acquainted with paper time cards, Excel spreadsheets, and extended periods of time spent before your PC, doing the math and rectifying mistakes. The company should make the payroll for the employees, payroll process automation is also used for this purpose, and payroll calculator calculates the employee’s payroll. While driving the finance transport solo offers more control, there are a few difficulties you’ll look in 2018 if you choose to precede…

Minimum Wage 2018 in Indonesia

May 23, 2018 in Payroll, Time & Attendance
maps_indonesia

Introduction The employment policies belonging to unorganized workers and wages paid to them has been a subject of considerable discussion among union leaders and labor experts. While minimum wages legislation has to be in large extent for being effective in providing protection to employees in the organized sector, with periodic implements according to need for that country. Indonesia has legislation for minimum wage (MW) as regulated under Labour Law Act No. 13 Year 2003 article No. 88,89 and 90. However, there is new Government Regulation No. 8 of 1981 regarding protection of wages. Indonesia is on 7th ranking for having…

Never Underestimate The Influence Of What Is The Minimum Wage In My State? (US)

May 17, 2018 in Payroll
minimum wage in us

The lowest pay permitted by law in the United States is set by US work law and scope of state and nearby laws. Bosses, for the most part, need to pay specialists the most elevated the lowest pay permitted by statute endorsed by the government, state, and neighborhood law. Since July 24, 2009, the central government has ordered an across the national minimum wage permitted by the bill of $7.25 every hour. In Jan 2018, there were 29 famous states with the lowest wage permitted by the law higher than the government at least. From 2017 to 2018, eight states…

What is Pay Stub, Pay Slip, or Paycheck Stub?

May 2, 2018 in Payroll

Pay Stub, Pay Slip, and Paycheck Stub. They all mean the same thing. When an employer pays their employees, the staffs should receive a document called either Pay Stub (also called as Pay Slip or Paycheck Stub). It displays the details of the calculations applied to the paycheck. Details including how much salary an employee gets paid and what type of taxes have been applied to their wage. The information will generally include details that has been applied to the employees’ salary like how tax is taken out, gross pay, net pay, benefit deductions or contributions. An employee will receive pay…

How a Contractor and an Employee are Different

May 2, 2018 in HR, Payroll

  Comparison between an Employee and a Contractor Are you aware of the difference between employees and contractors? It’s a trick quiz to solve. Actually, many businesses owners don’t get it right. So let me tell you the right answer. Usually, employees are more dependent on their company compared to contractors, while contractors usually don’t rely on the company they work for. Rather, the contractors get their own tools and resources when working. Besides, they usually focus on finishing the job by the due date, not being on time at the set workplace or location. If you Misclassify Employees as Contractors……

How to File a Business Tax Extension

April 4, 2018 in Payroll

Filing a Business Tax Extension Are you about to run behind tax deadline for your company? Before it hits the deadline and causes you a trouble, don’t forget to extend the due date. Let’s us guide you how to file a business tax extension. It’s easier than it sounds.     First, download the right form. For automatic extension if you have a Partnership, an LLC filling as a Partnership, a corporation (“C Corp”), or an S corporation (“S Corp”), download S Form 7004.  For individual tax returns and if you’re a sole proprietorship, download Form 4868. Find out what type your business your’e…

Minimum wage in Australia 2018 and Reward

April 3, 2018 in HR, Payroll

Minimum wage in Australia 2018 Are you in need of taking care of payroll as an administrator in Australia? Then you need to know that Australia follows the government-mandated minimum wage. Meaning, all employers in Australia should pay more than the mandatory minimum salary of pay. So what is Minimum wage?  It is the lowest amount of money employees have to be paid when they work. It is a national-wide minimum salary regulation. To mention other country shortly, in the United States, only 19 states follow the federal minimum wage and the other states have different minimum wages. (Click to see…

U.S. Minimum Wage by States – 2018 Jan

April 3, 2018 in HR, Payroll
minimum wage in us

What is ‘minimum wage’? A minimum wage is the lowest remuneration that employers should legally pay their employees. It seems like the concept is simple, but there are two conflict opinions economically. The supporters of the minimum wage say that it can increase the standard of living of workers and reduce poverty, since the employees earn more money. In contrast, the opponents are saying that it may increase poverty and unemployment rate, because the employers could hesitate to hire more employees worrying about increasing labor cost. In spite of the conflict, the minimum wage has increased globally. Today we’ll check…