While exempt employees are typically paid a fixed salary for their services regardless of the number of hours they work, nonexempt employees are usually paid an hourly wage based on the number of hours they work at an agreed-upon hourly rate.” State and federal laws require employers to pay...
Consider additional compensation, like bonuses and perks, that have monetary value: insurance, medical coverage, and other perks. Remember to list those when you negotiate the salary on your new job. 3. Reach out to recruiters and headhunters Sure, the job agent you’ll be negotiating the pay...
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...
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: ...
In certain states like Colorado and California, the job listing has to have a salary range for pay transparency. This can be helpful for getting an idea of what the low- and high-end averages are for positions like the one you’re being offered. Hourly and salary ranges can also vary ...
Many companies offer basic life insurance coverage, typically at the rate of your annual salary. This life insurance is often free to you. You will be given the opportunity to purchase additional life insurance through payroll deductions. Give this some thought. If you are single and young, you...
Pro Tip:Be careful! Even if they come back with a better offer on their own, that means they were low-balling you. Do you really want to work for a company that does that? Need to know how to get a better offer? See our guide:How to Negotiate a Salary Like a Boss - Zety Resum...
A salary breakdown to hourly pay can reveal how much you are earning based on the amount of time you put in. People who make $50,000 a year but work 80 hours a week aren't doing themselves any favors, so it might make sense to seek a better arrangement. It's also important to co...
Hub Payroll How To Pay Independent Contractors In 2025 January 16, 2025Freelancers and independent contractors are important in today’s workforce, bringing an array of useful skills while allowing small businesses to contract their work without paying a full-time employee salary with benefits. A ...
When determining how to pay yourself as a business owner, you'll pick between owner's draw or salary. Discover the best option and how are owner draws taxed here.