Competency-based pay
Competency-Based Pay: Meaning and How It Works Competency-based pay is a compensation strategy that focuses on rewarding employees based on their expertise, abilities, and applied knowledge, rather than solely on their job role or time spent at the company. This model aims to encourage continuous learning and career development by financially recognizing the value that […]
Commission
What Is a Commission? A commission is a form of earnings paid to employees based on their ability to sell products, services, or subscriptions, often linked to meeting specific sales targets. Some employees receive commissions in addition to a fixed salary, while for others, it may be their primary source of income. Understanding Commissions and […]
Certified payroll professional (CPP)
What is a Certified Payroll Professional (CPP)?A Certified Payroll Professional (CPP) is a credentialed expert in payroll management who has been certified by the American Payroll Association (APA) for demonstrating a high level of competence in payroll practices. A deeper look at CPPs and their roleThe CPP certification serves as formal recognition of payroll professionals […]
CARES Act
CARES Act – Overview and ExplanationThe Coronavirus Aid, Relief, and Economic Security (CARES) Act was a federal stimulus package designed to support individuals, businesses, and healthcare providers impacted by the COVID-19 crisis. This legislation was enacted on March 27, 2020. Understanding the CARES ActThe economic challenges brought on by the COVID-19 pandemic had a widespread […]