Question: Do we need to pay our summer intern? Answer: Generally, yes, though it depends on who benefits most from their work. The U.S. Department of Labor (DOL) has adopted the “primary beneficiary test” to determine whether a worker is an employee (who must be paid in...
By nature, nonprofits operate with the selfless assistance of volunteers. However, what if we told you that nonprofits also have paid employees who rely on regularly scheduled paydays? Nonprofits face payroll challenges similar to those of for-profit businesses Just like for-profit businesses, nonprofits have to learn...
Your employees want to make their workspaces at home efficient and comfortable. Remote work stipends can cover that. You determine what's eligible. A stipend can cover a laptop, bookcases, lighting, coffee, electric and utility bills, toilet paper, coworking space fees, learning and development perks, and...
A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and industry in your region....
Let's say you're a small business that doesn't have enough employees to warrant an entire human resources department. At the same time, the idea of manually doing payroll just doesn't suit you. After all, who wants to tackle payroll when there are estimates out there claiming...
Looking to keep your kids occupied after school, on weekends, or during school breaks? Depending on their age and abilities, think about hiring them to work for your business. Both you and the child can benefit. BENEFITS Working can help your child develop a sense of...
Commission is a sum of money an employee receives for performing a certain task. This sum is typically a percentage of sales made. While some employees receive only commission, others are paid a commission plus a salary or hourly wage. In some cases, commissioned employees...
The record-keeping provisions of the FLSA require that covered employers document certain information regarding the workweek for each nonexempt employee, including when the workweek starts and hours worked. Although the act defines a workweek as a fixed and regularly recurring period of seven consecutive workdays,...
Since the pandemic, many Americans have been struggling to get their financial houses in order. If you're wondering what a financial wellness program encompasses or what would be helpful to your employees, some areas where employees may need help in maintaining their financial wellness are: ...
Before establishing an official payroll process for your company, it’s important to think about how you want payroll to work. As you ponder your options and think about the way you want to run payroll, make sure you prioritize the following details. Otherwise, you might...