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How to Calculate Paid Time Off for Commission-Only Employees 1200 628 Tricore

How to Calculate Paid Time Off for Commission-Only Employees

Federal law does not require employers to provide paid time off (PTO) to commissioned employees. Therefore, unless state law says differently, it’s up to employers to establish their own vacation and PTO rules — including the rate of pay — for commission-only employees. Determine Your Calculation Method When calculating the vacation/PTO rate of pay for…

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CMS Extends ‘Grandmothered’ Health Plans 1200 628 Tricore

CMS Extends ‘Grandmothered’ Health Plans

On March 25, 2019, the Centers for Medicare and Medicaid Services (CMS) announced that states may allow grandmothered health plans to continue until Dec. 31, 2020. What’s the history here? Certain health plans that were already in existence when the Affordable Care Act was passed on March 23, 2010, are permitted to stay in force…

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DOL Revisits Overtime Rule in Proposal 1200 628 Tricore

DOL Revisits Overtime Rule in Proposal

On March 7, the Department of Labor released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means that the vast majority of employees earning under the threshold would need to be paid overtime. About 1 million workers may find themselves affected by this:…

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Do You Know Your Lookback Period for Payroll Taxes? 1200 628 Tricore

Do You Know Your Lookback Period for Payroll Taxes?

A lookback period is the length of time that the IRS uses to measure the amount of taxes paid by an employer. The lookback period also helps the employer determine its deposit schedule. Payroll Taxes, Filings and Lookback Periods Employers must withhold federal income tax, Social Security tax and Medicare tax from employees’ wages, plus…

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Is Tuition Reimbursement Worth It for Employers? 1200 628 Tricore

Is Tuition Reimbursement Worth It for Employers?

We live in a fast-paced society where people are forever on the go. There’s hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional development is important in a job. Further, the Harvard…

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Salary Discussion
Can Employees Discuss Their Salaries at Work? 1200 628 Tricore

Can Employees Discuss Their Salaries at Work?

At worst, discussing salary at work is akin to opening a Pandora’s box. It can, for example, cause tension between employees, resentment toward management and a hostile work environment. To prevent this outcome, you might consider developing a policy that prohibits employees from discussing their pay with their co-workers. But before you do that, remember…

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Down Payment Assistance
Attract Staff with Down Payment Assistance 1200 628 Tricore

Attract Staff with Down Payment Assistance

There’s a good chance many of your employees, especially younger ones, are saving to buy a home. Is there anything employers can do to help? Very possibly. First, a little background. The home ownership rate for third quarter 2018 is 64.4 percent, a slight increase from 63.9 percent in third quarter 2017. While those figures…

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Email Scam
Examples of Common Email Scams 1200 628 Tricore

Examples of Common Email Scams

Most email scams end up involving requests to send money, cash checks, establish business relationships or provide confidential information. The names and details of these scams change over the years–some of them go back to the 19th century! But they keep coming back. Here are some typical scams; there are many variations. Nigerian Letter This…

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Noncompete Agreement
Noncompete Agreements: Should You Insist on One? 1200 628 Tricore

Noncompete Agreements: Should You Insist on One?

Noncompete agreements are on the rise; many companies are targeting candidates who may consider a change if the right opportunity comes along. Here are nine factors to think through before you decide what’s best for your business: Noncompete basics — Often part of a larger employment contract, noncompetes prohibit your employees from working for competitors…

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The Mathematics of Shift Differentials 1200 628 Tricore

The Mathematics of Shift Differentials

Shift differential refers to the extra, or premium, pay that certain employees receive for working outside normal business hours. For example, if normal business hours run from 8 a.m. to 5 p.m., shift differential would apply to hours worked between 5 p.m. and 8 a.m. Shift differentials are more common in jobs where employees work…

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