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Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

Not only are firms regularly using phony job titles to circumvent overtime payments, this practice is more common in companies where the employees have little to no bargaining power. Give what should be hourly employees a more senior title to “promote” them to “management” roles, and suddenly overtime payments are entirely negated.

Salary 257
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Furthering Your Education on a Budget

Success

Some professions like teachers, medical professionals and real estate agents are required to take continuing education classes in order to maintain a license, while for other professions you may need to self guide your curriculum based on your career goal and the needs of your company. Set your budget. Have a plan. Know your end goal.

Budget 296
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5 Productivity Products and Services to Boost Company Morale

Success

Here’s what products and services to look into at your next budget meeting to give your space and processes a pick-me-up. During some promotional periods during the year, they also offer a free phone with the service alongside their no-charge Tech Check offer. It has pages and calendar months to log events and expenses.

Verizon 286
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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Labor hoarding is when companies find ways to hold on to talent rather than lay off workers in order to save money in the long term. . Companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 274
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Vivian Tu Is Emboldening Women to Step Into Their Financial Power

Success

I had enough money to cover my expenses for a year in case anything happened,” she says. Be mindful of your feast and famine periods when creating a budget “A lot of businesses make a large amount of money in the fourth quarter and have a lull in the first quarter,” Tu says. “So Right now, inflation is close to 5%.

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How to Know If You’re Financially Ready to Start a Business

Success

To get all your ducks in a row and ensure you’re ready to jump into creating a new company, you need to craft a robust business plan that accounts for the myriad financial considerations of setting up a business. Marketing and sales strategy: How will you get in front of your target audience and promote your offering? and ongoing (e.g.,

Expenses 342
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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

As companies continue struggling with turnover and absurdly high quit rates , the businesses that are willing to go the extra mile for their employees will experience better retention. Here are some actionable tips that employers can take to help their employees prepare for economic downturns and unexpected expenses.