Althoughsalaried vs hourlydebate often appears when it comes to the full time vs part-time discussion, how you pay your employee doesn’t mean much in terms of how they are classified. When paying salaried employees, the amount stated in the contract will be defined as a monthly payment and...
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On the other hands, the white-collar jobs, wherein the employee does clerical works in an office, without getting their clothes “dirty”, and draws a monthly salary at a fixed rate. White-collar workers usually have a higher degree or certification. The difference between blue-collar and wh...
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Calculate your loan amount.As an example, let’s say you paid $150,000 in salaries and $50,000 in benefits over the designated timeframe. You would have a total of $200,000 in total payroll costs. You would then divide that number by 12 to get your average monthly payroll of $16,...
Hi Jim. I really enjoyed your post today. I have one question for you to mull over: How do you pass on the values that you gained from a lifetime of work to future generations (your daughter and 5 additional generations) that may inherit sufficient wealth to not have to work? Thanks,...
January will set the record for most monthly visits to HIStalk, around 54,000 or so. Man, that’s a lot of readers, every one of whom I appreciate (along with the great sponsors who get what Inga and I are doing and want to support us). I don’t get all swell-headed about it...
We would eliminate the longevity risk issue but introduce another headache: inflation risk. The most common annuity is the Single Premium Immediate Annuity (SPIA), where you hand over a fixed amount up front and then start collecting monthly checks until you pass away. They can also be structur...