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Have you ever looked at a paycheck and felt that it does not correlate to an increase in salary or overtime work? That is where retro pay comes in. Retro pay, also known as retroactive pay, is a compensation method…
Employers usually offer employees perks and benefits that are out of range of salary. These perks do not necessarily have to be cash-based although most of them are taxable as per the IRS. It is here that imputed income comes…
Icebreaker questions are low-stakes, easy questions or activities that are applied in the beginning of a meeting, training or team-building event. Their main purpose is to facilitate the breaking of ice- the first silence or awkwardness by facilitating participants to…
Ever reached the end of a workday and said, “Where did all of my time go?” You are not alone; today, professionals face a bunch of distractions, unstructured hours at work, and an immense list of things to do. This…
Whether you are starting a business, finding investors, or growing your already existing business, one of the initial lessons you have to acquire is how to write a business plan. It is not merely a document, it is your map,…
Have you ever wondered how many weekends in a year you get to rest, travel, or work toward your personal goals? The actual figure can then alter your planning. The number of how many weekends in a year might not…
What is arrears? Simply put, it is due to the overdue payments. This is an important financial term, whether in personal or business finance, because it may result in a poor credit rating, payment of late charges, or a lawsuit…
Consider the following scenario where someone is planning their payroll budget in 2026, only to discover midway through the year that they owed their employees an additional paycheck, which they had not factored in. It occurs more frequently than you…
Motivation is the driving force behind human behavior and is defined by both internal and external elements that activate, guide, and maintain us in achieving our goals. Incentive is a process in psychology that commences, directs, and sustains goal-oriented behaviours,…
Employee benefits are not only a perk in the present bustling and ever-changing work environment but also a necessity in attracting and retaining employees in the current labor force. Flexible Time Off (FTO) is one of the policies that have…
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