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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How to Pay Employees: The Different Ways to Pay Your Employees
How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees.
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Ready to Dive Right Into Tip Pooling? Read This Before You Take the Plunge
In many types of service industries, employees can receive tips in addition to their regular wages. If your employees earn tips, you may consider giving tip pooling a try. Keep reading to learn all about tip pooling, including how it works and tip pooling laws you need to follow.
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How to Handle a Tipped Employee and Their Pay
As a business owner and employer, there may be times when your employees receive tips. But, does receiving a tip from a customer automatically make an employee a tipped employee? And if so, what are the laws, regulations, and requirements for tipped employees and their wages? Keep reading to learn more about how to handle […]
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What Is Commission, and How Does it Impact Businesses and Employees?
Typically, employers provide hourly or salary wages to workers. However, some business owners pay commission to employees. What is commission?
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What You Need to Know About Supplemental Wages
Regular wages aren’t the only compensation you could provide to employees. You might also offer supplemental wages. Not sure what those are? Read on to learn what supplemental pay is and how it is taxed.
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What Are Allocated Tips?
In the foodservice industry, tips are an important part of employee compensation. Tips are added to employee wages so they can earn at least minimum wage. But, what happens when a tipped employee earns few tips?
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What Is a Draw Against Commission?
If you have sales staff, you might pay them commissions. Paying employees with sales commissions can incentivize employees to make more sales. While commissions can get employees to sell more, employees aren’t guaranteed steady pay. To give your sales staff more financial stability, you can use a draw against commission system.
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Is There Such a Thing as Self-employed Unemployment?
No small business owner wants to think about their company going under. But, planning ahead can help you prepare for the worst possible scenario—unemployment. Millions of people claim unemployment benefits each year in the United States. You might wonder if you can receive these benefits as a business owner. You must understand the rules on […]
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A Look at Deferred Compensation Plans
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.
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