How to Create a Successful Bonus Program
Bonuses and incentive programs are some of the best ways to motivate employees. However, for them to work, they must be equitable, realistic, achievable, and concise. Therefore, a successful bonus program must be thoughtfully designed. Boiled down, a bonus is simply extra money, paid to employees, in addition to their wages or salary. Also called… Continue reading How to Create a Successful Bonus Program
Choosing the Right Salaries for New Employees
Determining the optimal salaries for new employees can be a complex calculation – and the math can change employee-by-employee… even at the same position/level. In order to minimize turnover, you need to set a range for how much employees in each position should be paid. This range is based on your expectations out of the… Continue reading Choosing the Right Salaries for New Employees
Are Your Employees… Employees?
Are you sure you’re classifying… and paying… each of your employees correctly? The determination between whether an employee is a standard employee or an independent contractor has always been a source of confusion and frustration. Businesses need to get it right because the consequences can be costly. Fortunately, the IRS has some fairly clear guidance… Continue reading Are Your Employees… Employees?
Becoming a Great Remote Leader
Let’s face it… the pandemic has changed how the working world works. Whether it’s a permanent change remains to be seen, but for now, companies must embrace the new normal. With quarantines, mask mandates, varying vaccination statuses, it’s become a simpler and better option for a huge number of workers from different industries to work… Continue reading Becoming a Great Remote Leader
FLSA Mistakes To Avoid
Almost every employer is required to adhere to the Fair Labor Standards Act – the FLSA. However, that’s oftentimes easier said than done. The FLSA is a complex framework, and mistakes are both common and costly – especially for smaller businesses. The Fair Labor Standards Act was enacted in 1938 after a rising demand for… Continue reading FLSA Mistakes To Avoid
Health Insurance Plans and Alternatives for Small Businesses
Health care plans can be a bit of a double edged sword; you can bundle them in with compensation plans to entice talent to join your organization, but the costs can be prohibitive. Plus, with major differences between plans, it can be difficult to pick one that will work for all of your employees. Since… Continue reading Health Insurance Plans and Alternatives for Small Businesses
Paperless Payroll for Employers: Benefits & How to Switch
Paperless payroll is, as the name implies, a paper-free (digital) payroll fulfillment process that has gained a massive amount of popularity in recent years, which was accelerated by the pandemic. There are tons of benefits to switching away from the traditional payroll process – benefits which we’ll list below! Keep reading… The Benefits Of Paperless… Continue reading Paperless Payroll for Employers: Benefits & How to Switch
Paid Vacation Rules: PTO Policies, Accrual & State Laws
Paid vacation is one of the most common employee benefits offered by employers. Employers are in control when determining how many days of vacation to offer, who can take vacation, how paid vacation days accrue, and when vacation days can be used – so long as they adhere to state regulations. While there are few… Continue reading Paid Vacation Rules: PTO Policies, Accrual & State Laws
Creating a Post-Pandemic Talent Retention Plan
Attracting talent is a necessary part of the Human Resources equation… but a small business that is able to retain its most talented employees has the potential to grow into a long-lived, profitable company. On top of our payroll services, our role with many of our partners is working with them on talent retention. See… Continue reading Creating a Post-Pandemic Talent Retention Plan
14 Important Payroll Terms You Should Know
Regardless of your level of involvement in payroll, there are certain terms that you should know. Below is a roundup of words that are commonly used in the payroll industry. After-tax deductions These deductions are subtracted from employees’ wages after pretax deductions and payroll taxes have been taken out. After-tax deductions — such as wage… Continue reading 14 Important Payroll Terms You Should Know