Compensation Articles

Compensation - Tips, Training, and News

Are You Correctly Calculating Overtime for Tipped Employees?

One major blunder small business owners make is not paying their tipped employees the correct wages. And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? Read on to learn the right way to […]

3 Types of Salary Structure You Should Know

By Rachel Blakely-Gray

If you’re a fan of organization, consider adding structure to how you determine salaries and raises. Learn about the different types of salary structure you can use in your small business.

What Is Bonus Pay?

By Mike Kappel

When you first start your business and hire employees, you might be worried about how you’ll make payroll each pay period. But once your business is firmly planted, you might be able to give more money to your employees. One thing you might want to offer employees is bonus pay.

What Does Direct Compensation Include?

By Mike Kappel

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?

How to Gross up Payroll

By Kaylee DeWitt

If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […]

What Is a Cost of Living Raise?

By Mike Kappel

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.

Types of Wages That Might Come up in Your Small Business

By Rachel Blakely-Gray

Deciding how to pay employees takes careful consideration. Not only do you need to think about what payment methods for employees you will use (e.g., direct deposit vs. paper checks), but you also need to consider the types of wages you will provide.

Can a Tip Reporting Sheet Simplify Your Life? Yes! Here’s How.

By Andrew Freiman

Do some or all of your staff make a good deal of their income off of tips? Wait staff, bartenders, and taxi drivers depend on tip income. Just like wages, tips have a few tax-related requirements that come with them. If your employees make more than $20 per month in tips, you may wonder how […]

How Do 3401(a) Wages Work?

By Maria Tanski-Phillips

As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? If you offer retirement plans, it’s time for your crash course. Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules.