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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. It’s estimated that each fake managerial position saves companies almost 14% in overtime expenses. NBER’s research produced surprising data.

Salary 261
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Hiring Internationally Doesn’t Have To Make Payroll Complicated

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Having a good payroll service can make or break a company. If you don’t follow legal requirements, you’ll face steep fines or worse. The rise of remote work has allowed more companies to seek quality employees from more places, but international hiring can quickly make pay day even more complicated.

Payroll 246
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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Last year, Colorado enacted the Equal Pay for Equal Work Act — a law that requires employers to include salary ranges on their job postings. .

Salary 246
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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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Unveiling the Hidden Potentials of Remote Work Productivity

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Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. As a highly experienced expert in hybrid and remote work , I have consulted for many companies on this topic. By spring 2022, this figure rose to 9%.

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Twilio cuts 17% of its workforce

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Twilio anticipates expenses of $100 to $135 million due to staff cutbacks, as well as additional expenses incurred by shutting down offices. And today, I’m unfortunately bearing the news that we’re parting ways with approximately 17% of our team,” Twilio CEO Jeff Lawson wrote in an email to his employees.

Medical 192
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” Firstly, it is the simplest and least expensive form of business to set up and maintain. Freelancers may be interested in a sole proprietorship for several reasons.

Legal 261