Retroactive pay is when an employer has to add compensation to an employee’s normal paycheck to make up for a deficit in an earlier pay period. It’s different from back pay, which happens when a […]
7 Examples of Retroactive Pay and When You Have to Do It Read More
If you offer paid sick leave, there’s a chance you have at least a few employees who don’t use all their sick days. Most companies that provide paid sick leave put a cap on how
The Least Confusing Way to Handle Unused Sick Leave Payouts Read More
Whether you’re a one-person show or employ other people, forming a limited liability company (LLC) can be a great idea. Forming an LLC means you’re not personally liable for your company’s debts. It’s your company,
How to Pay Yourself from an LLC in a Simple, Legal Way Read More
Does the idea of figuring out how much payroll will cost you give you hives? Adding up each person’s salary, paid time off (PTO), FICA taxes, retirement contributions, healthcare benefits, and any other compensation you
Estimate Payroll Costs in Seconds With This Popular Formula Read More
One of the trickiest parts of running a business is the sheer amount of paperwork involved. If you dread the thought of figuring out what payroll forms you need to file and when you need
All 20 Payroll Forms, and When US Employers Must File Each Read More
Compensation structures define how companies pay their employees. Within a compensation structure are clear guidelines for setting salaries, bonuses, benefits, commissions, and any other type of compensation the company provides. Compensation needs to be clear-cut
The 4 Basic Compensation Structures and When to Use Them Read More
Compensation management is more than just paying employees for the work they do. It also ensures that your company stays within its budget, pays employees fairly, and offers enough benefits to retain employees. When managing
6 Ways to Tell Compensation Management Objectives Are Done Read More
Compassionate leave is employer-granted time off of work for a personal situation, usually to grieve a death or handle a family emergency. Although sometimes referred to as bereavement leave, compassionate leave differs in that it
When Should You Write A Compassionate Leave Policy? Read More
Compensatory time off, also known as compensatory time or comp time, is an alternative form of pay for working overtime. Some companies choose to pay compensatory time, a form of paid time off, rather than
Why Compensatory Time Off Is Illegal (and 1 Exception) Read More
If your executives already have a 401(k) but you want to bring in another form of compensation to encourage them to fill your high-paying positions, deferred compensation may be the answer. Deferred compensation is pay
When is Deferred Compensation Appropriate to Offer? Read More
