» MORE:How to pay employees Your business starter kit The tools and tips you need to start your business. ★ learn more Financial planning for your business $700+ in product discounts Your starter checklist New business training Keep up-to-date employee records ...
How to hire employees: Legality comes first Not sure how to hire employees for a small business? Before you can scale into aprofitable business, navigating the legal requirements of bringing on your first team members is essential. Here's a breakdown of the key steps and documents you need ...
A business plan explains your goals and how you hope to achieve them. If you need funding for start-up costs, many investors will want to see your plan so they can assess your potential profitability. Business plans can also help you attract partners and employees. When creating...
How to build a great small business team Hiring the right employees is important, but it's not enough. You'll have to shape those employees into a winning team. When to give a raise If you want the best out of your employees, a well-timed raise can help. But how much do you give...
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 ...
We know that you put your people first and value their work efforts. Learn how you can use benefits and other perks to keep employees engaged and attract top talent as your business grows. guidebook Keeping your talent: Seven effective employee retention strategies ...
How Much Does It Cost to Employ Someone in the UK? You must pay your employee the National Minimum Wage, or the National Living Wage, as a minimum. The wage you need to pay depends on their age. Employees aged 18–22 are entitled to the Minimum Wage, whilst those aged 23 and over ...
How do credit card payments work for small businesses? When a customer pays with a credit card, the small business uses a point-of-sale (POS) terminal or an online payment gateway to process the payment. The payment processor verifies the transaction, deducts the applicable fees, and deposits...
And if there are additional payments to include, such as bonuses and leave pay, then this adds to the complexity of your payroll tasks. But get your payroll right and you’ll keep your employees happy and focused on their role in growing your business. ...
1. Review Your Business’s Pay Rates Before you pay your employee for the first time, double-check to ensure that your employee’s wages are in compliance with state and federal laws wage laws. The federal minimum wage is $7.25/hour for nonexempt employees, while state minimum wage rates ...