Nondiscretionary bonus
A nondiscretionary bonus is a form of extra pay that is based on specific, predefined conditions. Unlike discretionary bonuses, these are promised in advance and linked to clear performance metrics or goals. Employers typically offer them as part of a structured incentive plan. Key Elements of a Nondiscretionary Bonus For example, if an employee achieves […]
New hire report
A new hire report is a mandatory submission employers make to their state, notifying them when a new employee (or rehire) joins the workforce. This report typically includes details like the employee’s full name, position, start date, and other relevant employment information. Why New Hire Reports Matter Human Resources teams rely on new hire reports […]
Net Pay
Net pay refers to the amount of money an employee receives after all required and optional deductions have been taken out of their gross wages. Often called “take-home pay,” it’s the actual amount deposited into the employee’s bank account after payroll is processed. A Closer Look at Net Pay To estimate net pay, an employee […]
Negative Net Pay
Negative net pay arises when an employee’s total deductions, such as taxes and other withholdings, exceed their gross earnings for a specific pay period. This means the worker doesn’t earn enough to cover all the required deductions. Additional Details on How Negative Net Pay Works In situations where an employee ends up with negative net […]