At some point, you might have to terminate an employee. You might eliminate their position, make layoffs, fire for misconduct, or mutually part ways. No matter the reason, you might consider giving the employee severance pay. But what is severance pay? Before you make a decision about severance pay, learn more about it, what you […]
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There are a few different payment options you can offer your employees. Direct deposit is one popular choice for both employees and employers. Before implementing it at your business, weigh the pros and cons of direct deposit.
Read More Pros and Cons of Direct Deposit
As an employer, you may give employees several types of compensation, including direct compensation. So, what’s direct compensation? And, what are the different types?
Read More What Does Direct Compensation Include?
As a business owner and employer, you need to know about the Department of Labor (DOL), labor laws, and more. That’s a lot of information to remember. Plus, you might have questions. Specifically, you might be asking, What does the Department of Labor do? And, you may be wondering how the DOL’s laws impact you […]
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Demoting an employee is not easy, but sometimes it has to be done. An employee might not be doing well in their current position, and there is no other option left except to reduce their responsibilities. Even if an employee voluntarily asks for a demotion, there are still challenges for you as an employer.
Read More What You Must Know About Demoting an Employee
For many employees, generous benefits are more important than pay raises. There are several benefits options you can offer to attract and retain employees, including deferred compensation plans.
Read More A Look at Deferred Compensation Plans
You know there are deductions to take out of your employees’ paychecks. But, are they pre-tax vs. post-tax deductions? What do you withhold from an employee’s take-home pay? What are payroll deductions? Read on to learn the different deductions you have to take out of each employee’s paycheck.
Read More What Are Payroll Deductions?
Do you have snacks and coffee in the office for your employees? Have you ever had a workplace event, like a picnic or party? If so, you most likely have given employees de minimis fringe benefits. But, what are de minimis fringe benefits exactly, and are they taxable? Dig into this type of fringe benefit […]
Read More Digging Into De Minimis Fringe Benefits
Do your employees live in a different city than the one they work in? Does that city have local income tax? If so, you might consider implementing courtesy withholding to simplify your employee’s tax responsibilities.
Read More What Exactly Is Courtesy Withholding?
Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise.
Read More What Is a Cost of Living Raise?