Hourly employees receive pay in accordance with their hourly pay rate and the number of hours worked during the pay period. As an employer, you likely require your hourly employees to complete a weekly time shee
Some states require at least semi-monthly payments for all employees, while others have specific frequencies for different types of workers. If you are not bound by state payday requirements, you can choose whichever pay period works best for you and your workers. Employees, especially those in ...
If you’re using online payroll to determine employees’ payroll, you will need to enter payment information. To start your payroll, you need to include some details, such as: Employee information (e.g., names) Pay period Hourly or salary rate Gross wages Overtime pay (if applicable) Do ...
With a payroll policy, employee info, and a direct deposit in place, it’s time to track hours. The FLSA requires employers to maintain accurate records of work hours for all non-exempt employees. In most cases, non-exempt (as opposed to exempt) includes hourly employees. One way to ma...
Calculate pay for salaried vs. hourly employees Regular pay for a salaried employee is calculated by dividing the annual salary by the number of pay periods. For example, if an employee has an annual salary of $60,000 and is paid semi-monthly, that individual’s salary per pay period would...
Calculate how much gross pay you owe each employee.For salaried employees, this is the amount of salary they receive on a biweekly (every two weeks), monthly or semi-monthly (twice a month) basis. For hourly employees, it’s a little different. Hours are calculated based on the hours th...
Employers must collect and pay payroll taxes to the IRS either semiweekly or monthly; the required frequency depends on the total payroll taxes owed. Employers with a few employees and a small payroll tax liability pay taxes monthly. Larger companies with larger payroll tax liabilities pay these ...
Hourly employees usually prefer more frequent paychecks, especially when they have irregular schedules. Salaried, exempt employees tend to want bi-monthly, semi-monthly, or monthly pay checks because they’re more predictable. If you have both hourly and salaried workers, you might need to accept ...
Arizona requires that you pay employees two or more days a month as long as they are at most 16 days apart. Meanwhile, in Massachusetts, hourly employees must be paid weekly or biweekly, while salaried employees must be paid at least semi-monthly. The latter can be paid monthly, provided...
Once you’ve established all the relevant tax information for your business and its employees, you must decide how to pay your workers. There are four types of pay schedules: weekly, biweekly, semiweekly and monthly. All four schedules have their advantages and disadvantages. Carefully consider ...