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Supercharge your approach to salaries in 2025 with the MVP of salary guides. 🐐🥇https://lnkd.in/g6pY_mg8

Supercharge your approach to salaries in 2025 with the MVP of salary guides. 🐐🥇https://lnkd.in/eEXxf5Dt

Sharing some tips for deciding when to review salaries for staff on fixed-term contract, whether they are employees or external. https://lnkd.in/dyTQxZwz

Looking to save money while maintaining competitive compensation? By conducting regular salary reviews and benchmarking against industry standards, you can ensure that you are not overpaying or underpaying your employees. This helps in identifying roles where salaries might be inflated compared to market rates and adjusting them accordingly. #BusinessTips #Salary #Accountant

Do you need to understand more about how Fair Work works and what all of the changes that are happening to employment laws and modern awards mean for you and your business? Join our free webinars especially designed to deliver clear and practical guidance for small to medium businesses starting on Tuesday 21 May 2024 to find out. Bookings at https://lnkd.in/gXWK6Z5k. #ridgelinehr #peoplebusiness

Salary Packaging ✨ Salary packaging, also known as salary sacrificing, is a valuable option that aims to deliver income and benefits to employees in a way that is tax effective for all parties. In this kind of arrangement, the employer in the Not for Profit sector pays the employee's benefits out of a specific percentage of their wage. The overall taxable income of the employee reduces since the sacrifice calculation happens before tax. The employee receives their benefits together with their regular salary, which is paid as a regular wage from this lower taxable income amount. Find out more about salary sacrifice here:

Rostrud: the amount of advance payment is not set at the discretion of the employer Rostrud clarified whether an employer has the right to set the amount of an advance payment at its discretion, for example 50% of the amount of the salary. In its latest clarifications, the agency notes that the amount of wages payable to an employee is established in an employment contract in accordance with the employer’s existing remuneration systems. In this case, according to the law, wages should be paid at least every half a month. When determining the amount of payment for the first half of the month, the actual time worked by the employee must be taken into account. Thus, the amount of the advance payment cannot be less or more than the amount of salary that the employee has already earned for the first half of the month.

Understanding your base pay is crucial for effective salary negotiation and financial planning. Our latest guide demystifies base pay and offers strategies to maximize your earnings. #CareerAdvice #FinancialPlanning 💼📊 [Read more](https://lnkd.in/e4Qs3w3Q)

Form 12BB is a document for salaried employees. It lets you declare your tax-saving investments and expenses, ensuring accurate deductions from your monthly salary. Check out this blog to learn more - https://rebrand.ly/015fuyd

From allowances to bonuses, understanding your salary's composition is key to financial empowerment! 💪 Join us as we break down salary components and structure, empowering you to make informed decisions about your career and finances. #SalaryWisdom #FinancialLiteracy #PayWheel #hrsoftware #payrollmanagement #hrms #ctc