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Workspan Daily Plus+
02/10/2025
The calculation:
;Total hours worked by FT employees:
;50 FT employees x 2,080 = 104,000 hours per year;;
;Total hours worked by PT employees:
;20 PT employees x 30 = 600 hours per week;
;600 hours per week x 52 weeks
= 31,200 hours per year;;
;Calculate total FTEs:
;104,000 hours (FT) + 31,200 hours (PT) = 135,200 hours;
;135,200 hours / 2,080 hours = 65 FTEs;;
Therefore, while the headcount is 70 employees, this organization has 65 FTEs.
Author(s):
Workspan Daily
12/18/2024
In fact, 78% of working parents are more comfortable bringing up family-related responsibilities with their employer, and 70% consider benefits that support work-life balance “non-negotiable,” according to a
study commissioned by Bright Horizons.
Author(s):
Workspan Magazine
08/08/2024
Developing this type of strategic peer group lends itself to an iterative two-step approach: Identify potential peer companies that meet specific selection criteria.
Author(s):
Journal Article
05/31/2024
However, some caution is necessary here since it is not known whether basic pay or bonuses gave rise to this type of outcome or what type of performance (individual, team or companywide) produced the outcomes described.
Author(s):
Workspan Daily Plus+
06/25/2025
“For example, we’re finding employees in their late 50s, 60s, even their 70s who are not prepared for the demand and cost [associated] with caregiving ...
Author(s):
Workspan Daily
03/04/2025
The HR software company analyzed payroll data from more than 400,000 U.S. businesses and found:
;End-of-year bonuses in 2024 averaged $2,503 — 2% higher than in 2023.;
;Communications industries — the
highest-performing S&P 500 sector in 2024 — had the biggest leap by far, paying out 22% higher bonuses year-over-year.;
;Increases in
other industries (10% in real estate, 9% in entertainment and recreation, and 8% in retail) also reflect a strong 2024 for those sectors and business owners’ optimism.;
;Bonus amounts in some
service industries were down, including personal services (down 10%) and tourism and accommodations (down 7%), potentially signaling a cooling of wage growth for service workers after several years of post-pandemic wage increases.;
;The
transportation and warehousing industries also saw a 10% decrease in bonus amounts, following a downturn in freight rates, demand and revenues.;
“Instead of spreading bonuses more evenly, companies may be concentrating
Author(s):
Workspan Daily Plus+
02/13/2025
Pitfall #2: Improper Tip Pooling
Under the FLSA, employers may require employees to
share or “pool” tips with other eligible employees.
Author(s):
Workspan Daily
05/20/2025
Why Compensation Data Might Be Missing
These types of gaps typically occur in two forms:
;Insufficient market data.
Author(s):
Workspan Daily Plus+
08/06/2025
Identifying Plans
Not all types of voluntary benefits are potentially ERISA plans.
Author(s):
Workspan Magazine
12/03/2025
Most large employers are requiring an ROI of at least 2:1 or 3:1 for each health management program offering.
Author(s):