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2020-05-22

Blend Hour Attestation Feature

The Blend Hour Attestation feature simplifies the process of verifying hours worked for employees. This tool enhances accuracy and efficiency in time tracking, ensuring that you have reliable data at your fingertips.

Key Features

Automated hour verification, reducing manual errors
Real-time updates for accurate tracking
User-friendly interface for easy navigation
Customizable settings to fit your business needs
Seamless integration with existing payroll systems

Use Cases and Benefits

Ideal for businesses with remote or flexible work arrangements
Supports compliance with labor laws and internal policies
Enhances trust between management and employees through transparency
Saves time on payroll processing by providing verified data
Improves overall productivity by simplifying hour tracking

With the Blend Hour Attestation feature, you can effectively tackle the problem of inaccurate time reporting. By automating the verification process, you not only save time but also boost employee confidence in time management. Embrace this feature for a more accurate and efficient approach to tracking work hours.

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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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In their simplest form a blended rate is when a law firm offers the services of two or more staff members at the same hourly rate when the staff members are normally billed at different hourly rates. Say attorney A has a standard hourly rate of $500 and attorney B has a standard hourly rate of $200.
Divide the total charge billed by the advertising agency by the number of hours billed. Continuing the same example, $100,000 divided by 550 equals $181.82. This figure represents the blended hourly rate billed by the advertising agency.
A blended rate is an interest rate charged on a loan that represents the combination of a previous rate and a new rate. Blended rates are usually offered through the refinancing of existing loans that are charged a rate of interest that is higher than the old loan's rate, but lower than the rate on a brand-new loan.
To get your hourly rate, divide the income you made in that period by how many hours you worked in that time. If you're salaried, figure out roughly how many hours you work in a year, then divide your yearly salary by that number.
Blended rate. A blended rate is calculated for each state and class code on the policy. This blended rate is then applied to actual payrolls received to determine the premium to deduct each payroll period. Your policy will include a form that provides your blended rate(s).
A blended rate is an interest rate charged on a loan that represents the combination of a previous rate and a new rate. Blended rates are usually offered through the refinancing of existing loans that are charged a rate of interest that is higher than the old loan's rate, but lower than the rate on a brand-new loan.
The blended interest rate for a set of loans is the total amount of interest paid per year divided by the total principal. You can compute the interest paid per year by using the interest rates of the individual loans.
Example of Calculating Blended Rates For example, if a company holds $100,000 in debt at a 4% interest rate and $170,000 in debt at a 10% interest rate, the total blended rate would be calculated as [($100,000 × 0.04) + ($170,000 × 0.1)] / ($100,000 + $170,000) = 7.77%.

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