Tag: Compensation

Missouri

Court Holds Missouri TV Station to Oral Agreement Despite Unclear Bonus Terms

In Missouri, it has long been settled that for a contract to be valid and enforceable, the essential terms must be definite and mutually agreed upon by both contracting parties. Without certainty in the crucial terms, there can be no mutual understanding between the parties and, therefore, no valid contract. However, a recent decision from […]

time

Proposed Comp Time Law and Overtime Regs: What’s the Connection?

You’ve probably heard by now that the U.S. House of Representatives last week passed a new law that allows private employers to offer employees comp time in lieu of overtime pay. That law has not yet been passed in the U.S. Senate but what if it is? How will it impact your compensation plan? Will […]

time card

Buddy Punching Costs Employers $373 Million Annually, Tips to Combat This Trend

New research published in 2017 suggests that a simple payroll loophole could cost U.S. employers more than $373 million every year. The loophole is well-known and widespread. It’s called buddy punching. Recently, TSheets—a cloud-based time tracking app—released new insights into buddy punching, and ways employers can curtail this trend.