Giving your employees bonuses or gifts is often considered a way to spread cheer and thanks during the holiday season.

A holiday bonus could lessen employee financial stress during this busy time. But monetary gifts aren’t the only way to show your appreciation – don’t forget about personal thank you notes, celebratory events, team-building activities, time off, company swag, and more.

If you are looking to provide a holiday gift to your employees, it is important understand some of the implications these gifts may have – on you as the employer and on the individual employees.

Calculating overtime can be confusing. And mistakes are often costly. Not only can miscalculations upset your employees and negatively impact your employee experience, but they can also result in expensive lawsuits and penalties.

Do you understand the laws regulating overtime for your workforce? Are your employees properly classified as non-exempt and exempt? Are you accurately determining regular rate of pay for your overtime calculations?

Time is money. How can you help your organization save both?

You may have dismissed the idea of using HR software, aka HR platform or HRIS, to help run your business as too costly and unnecessary. However, an HR platform can be an enormous benefit and often pays for itself in the long run.