everyone should feel like they won. Your employee walks away feeling satisfied with their pay and benefits, and you can feel good about staying within your budget constraints. Here are strategies that will help you effectively negotiate salary with employees. ...
Under the FLSA, employers must pay salaried employees at least $455 a week -- $23,660 a year -- to meet the salary basis test. The FLSA doesn't have a salary basis test for non-employees, therefore, companies that engage the services of non-employees aren't bound by federal minimum ...
As long as exempt employees perform some work during a given workweek, they are generally entitled to their full salary for that week. If they perform no labor whatsoever throughout a workweek, their employer is not required to pay them. Do salaried employees need to clock in? Non-exempt, ...
How employees earn overtime pay and the amount must be included in the employee contract, alongside the details for employee salary and wage earnings. Overtime pay should be managed and calculated each pay period alongside wage earnings. Overtime hours worked and the amount earned should be itemi...
What if everyone had the same salary? If everyone was paid the same salary for an equal amount of work, this would lead to lower productivity due to the lack of competition, completely changing the concepts of merit, reward and ranking. What does equal pay mean? According to Equal Pay Int...
For salaried employees, their gross pay is generally the same each period unless they earn overtime or other additional wages. To calculate gross wages for a salaried employee, divide their annual salary by the number of pay periods in a year (e.g., $50,000 / 26). Overtime is 1.5 ...
Employees, especially those in low-wage jobs, usually prefer to be paid more often, but as your pay frequency goes up, so does your payroll processing costs. You’ll need to carefully weigh the expectations of your workforce and your budget and comply with all state laws. Create a payroll...
When it comes to salary negotiations, employees tend to have their sights set on one goal: a higher base pay. But they often forget to negotiate the other nonsalary forms of benefits and perks that also add significant value to their lives. ...
Asking for higher pay is perfectly normal, and you can succeed with the right salary negotiation strategies. Want to find out how to get more money out of a job offer? Hefty savings account, here we come! This guide will show you: ...
Salary range.Transparency is key! Some states even require this, so check your local regulations. 2Spread the word online Once you have a compelling job description, it's time to get it in front of potential candidates. You can share your opening on: ...