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?
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Author:
Mike Kappel
Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 30 years of experience to small business owners.
How to Do a Background Check: 6 Steps for Due Diligence When Hiring Employees
According to one source, 96% of employers conduct at least one type of background screening. If you’re like many business owners, you likely want to do your due diligence before making any hiring decisions. Otherwise, you could be left with some rotten apples and wasted time. If you haven’t already, jump on the background check […]
Read More How to Do a Background Check: 6 Steps for Due Diligence When Hiring Employees
How to Hire Employees Who Are the Best of the Best
Do you know how to hire employees? What all goes into the hiring process? For starters … a lot. Too much for one regular article to cover, which is why I’ve written this mega article.
Read More How to Hire Employees Who Are the Best of the Best
What You Must Know About Demoting an Employee
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
A Closer Look at Salary Advance Agreements and Payroll Policies
Have you ever had an employee ask you for a salary advance? Maybe they’ve hit a financial rough patch. Something unexpected, such as a medical emergency, might require more money than the employee has saved up.
Read More A Closer Look at Salary Advance Agreements and Payroll Policies
On-call Pay: When Do You Need to Compensate Employees for On-call Hours?
Some businesses need on-call employees. But if you require employees to be available when they’re not working, should you pay them? Whether or not you must provide on-call pay depends on a few factors.
Read More On-call Pay: When Do You Need to Compensate Employees for On-call Hours?
What Is a Tax Gross up for Payroll?
There might be a time you want to pay an employee a specific amount. But once you factor in taxes, that amount gets smaller. So how can you give an employee a certain net pay? Tax gross up.
Read More What Is a Tax Gross up for Payroll?
What Is a Cost of Living Raise?
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?
What to Know About Shift Differential Pay
Many employers find themselves extending their hours of operation to keep up with customer demands. Businesses operating day and night need employees who are willing to work evening or late shifts. However, it can be difficult to recruit employees for these undesirable hours.
Read More What to Know About Shift Differential Pay
For Payroll Adjustments, There’s Retro Pay
Sometimes, payroll mistakes happen. If you pay an employee less money than you should have during a pay period, you owe them retro pay. What is retro pay?
Read More For Payroll Adjustments, There’s Retro Pay