Remove Banking Remove Consulting Remove Salary
article thumbnail

How to set up a payroll process: 10 steps

Insperity

These are salaried employees who are not eligible for overtime compensation. Outside consultants are often hired to assist with specific projects, and are responsible for paying most of their own payroll taxes. Whether you have hourly or salaried employees, you must figure out who is getting paid what amount.

Payroll 264
article thumbnail

Comp time vs. overtime – What you need to know

Insperity

Using the same logic, some people think salaried employees are automatically considered exempt from overtime, but neither of those beliefs is necessarily true. A salaried employee can be eligible for overtime and protected by FLSA, if their job is also classified as non-exempt. Offer flexibility in work schedules.

Legal 203
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to retain employees and thrive during the Great Resignation

Insperity

Interestingly, consulting firm Grant Thornton reports in its State of Work in America survey that two in five workers (40%) who changed jobs in the last year are already looking for another job. A lot of training and development opportunities don’t have to break the bank, either.

article thumbnail

Should your company offer a student loan repayment benefit?

Insperity

If you hire two recent graduates and one has student debt and the other doesn’t, will you offer the non-debt-laden employee extra salary? Require employees to pay at least their monthly minimum and use direct debit to make payments because nearly all loan services offer a discount if loan payments are made by bank debit.

Payroll 199
article thumbnail

The ultimate guide to navigating a multigenerational workplace

Work Life

However, older millennials in particular can be slow to trust—likely owing to the fact they entered the workforce during the 2008 financial crisis, when dishonesty in the banking sector dominated the news cycle. Another survey found that 37% of Gen Z workers would put job satisfaction ahead of security or salary.

article thumbnail

How to address employee pay in your inclement weather policy

Insperity

A retail bank, with operating hours of Monday through Friday, 8 a.m. If an exempt employee with no PTO balance misses only half a day, the employer must pay that employee his or her salary for the entire day – with no partial deduction for the absence. will have totally different staffing requirements.

Payroll 177
article thumbnail

6 Reasons Men Are Not Working as Much as They Used To

Success

Corporate loyalty is a thing of the past (in both directions),” adds Robert Longley , a business consultant in Williamsburg, Massachusetts. More women in the workforce can mean fewer job opportunities and, in some cases, lower salary options for men—which seems to be a barrier for them. The days of 30 years and a pension are gone.

Cubicle 116