Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Episode 408: The Ins and Outs of Employee Bonuses

Episode 408: The Ins and Outs of Employee Bonuses

FromWhat The Hell Just Happened?!


Episode 408: The Ins and Outs of Employee Bonuses

FromWhat The Hell Just Happened?!

ratings:
Length:
23 minutes
Released:
Jul 4, 2023
Format:
Podcast episode

Description

In this episode, we give managers payroll heartburn over bonuses and commission payments. Did you know that bonuses and commissions affect hourly wages and cause the need to adjust past pay for overtime?
“What I need you to know, and this is the mindblowing part, is that when an employee works the first quarter of a year and earns a bonus or commission at the end of that quarter if they have worked any overtime during that first quarter where the bonus was subject to -  YOU  have to go back and look at the overtime hours and add that bonus into the overtime hours. You owe them more money. Not only do you owe the commission/bonus, but now that you know how much they earned, you need to go back and adjust their overtime pay.”
Released:
Jul 4, 2023
Format:
Podcast episode

Titles in the series (85)

You don’t know what you don’t know. And, when it comes to HR and employment laws, most employers are SHOCKED by what they learn from talking to CEDR CEO and Founder Paul Edwards for just ten minutes. But Paul’s a busy man. And, though he would love nothing more than to talk one-on-one with each and every business owner and manager interested in learning about HR compliance, team management strategies, and how to protect their businesses, there’s only so much Paul to go around. So, we’ve got the next best thing for you - Introducing "What the Hell Just Happened?" In this new podcast, Paul sits down with a different HR expert from his Solution Center team each week to discuss the burning HR questions facing you now, and to offer expert insights on important HR considerations you didn’t know you didn’t know.