Fewer employers plan to give pay raises in 2024 than in 2023, according to SHRM. Even so, 79% of businesses plan to dole out pay raises. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to calculate a pay raise […]
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Understand the Difference Between Exempt vs. Nonexempt Employees
Employees want the wages they deserve. Employers want to avoid penalties and fines. Want the best of both worlds? Understand the difference between exempt vs. nonexempt employees.
Read More Understand the Difference Between Exempt vs. Nonexempt EmployeesWhat Is a Nonexempt Employee?
Worker classification is critical. After you’ve narrowed down whether a worker is an independent contractor vs. employee, you’re not done. You need to also figure out if an employee is nonexempt. What is a nonexempt employee?
Read More What Is a Nonexempt Employee?What Is an Exempt Employee?
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?
Read More What Is an Exempt Employee?What Is Overtime? Details Every Business Owner Needs to Know
If you pay employees, you need to know about overtime pay laws and how they can affect your business. So, what is overtime? Dive into everything you need to know about overtime pay below.
Read More What Is Overtime? Details Every Business Owner Needs to KnowHow to Convert Employees from Hourly to Salary
As an employer, you may find yourself changing an employee from hourly to salary at some point. Learn why you might convert an hourly employee to salary and what steps to take when converting.
Read More How to Convert Employees from Hourly to SalarySalary vs. Hourly: Which Should Your Employees Be?
Determining how to pay employees can be difficult. Not only do you have to determine how much to pay employees, you also have to decide if you will give employees a salary or hourly wages.
Read More Salary vs. Hourly: Which Should Your Employees Be?Answers to 18 Payroll Questions You Are Dying to Ask
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to AskWhat Is Time and a Half Pay, and Who Qualifies for It?
If you have nonexempt employees, you have to pay them overtime, or time and a half, for any hours worked over 40 during the workweek. Learn all about time and a half, who qualifies for overtime, and how to calculate it.
Read More What Is Time and a Half Pay, and Who Qualifies for It?What Small Business Owners Should Know About Payroll Analytics
Are your employees working too much overtime? Who needs a raise? Are you spending too much money on a department? To get answers to these types of questions, analyze your payroll data. Use payroll analytics to make decisions, avoid overspending on payroll, and verify the accuracy of your payroll.
Read More What Small Business Owners Should Know About Payroll Analytics