Need help? Your state's labor department or workers' compensation board can provide guidance on finding the right coverage for your small business. How to hire good employees through a great hiring process Wondering how to hire the best employees who go the distance? A well-designed hiring proc...
When building a workforce, employers must determine if they want to pay employees via salaries or hourly wages. The decision ultimately depends on the organization’s structure, the industry, individual job duties and applicable labor laws, such as theFair Labor Standards Act (FLSA). Yet, before...
Competitive salaries are a key driver of employee retention.But while59%of employees are looking for a pay increase, only 16% of organizations intend to provide one. And when you don’t meet your people’s expectations, it’s easier for competitors to tempt them away with higher offers. So...
Many employers anticipate job applicants and current employees will negotiate their salaries. By not doing so, you could be leaving thousands of dollars on the table. Here’s how tonegotiate your salarywithout losing the job opportunity or burning bridges: Know when to negotiate salary. Deter...
On the flip side, State officers, workers in civil service at both national and county governments, teaching service and public university employees will qualify for an upward review in salaries. The salaries of State officers have been proposed to rise by eight percent in this financial year and...
Many employees can now do their work from home using modern technology. However, this change may only benefit workers, not the employers. To what extent do you agree or disagree? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at lea...
000 a year, but — thanks to many customers' newfound hefty paychecks — people can't get enough of your cupcakes, and you bring in $1 million. What happens to the rest of the money? You don't get to keep it or distribute it among your employees, which would violate the universal ...
Starting a business can cost anywhere from nothing to millions, depending on its type, size, and location. Here’s a breakdown to help you plan your expenses.
To keep tabs on accrued payroll and gain insight into your business’s finances, keep in mind these sources of payroll accrual. Salaries and wages The largest source of accrued payroll is likely to come from salary and wages payable to employees. What are accrued wages? These are wages ...
For example, it is always a good idea to have a separate account dedicated to trust funds collected from customers (retail sales taxes) on behalf of the state and local governments or payroll taxes deducted from employees’ wages that need to be remitted to the federal government. Having a ...