How should employee files be organized?

by | Aug 2, 2021 | Business Tips, Financial Management, General News

Answer from Kyle, PHR: We recommend having five separate files for each employee, as outlined below: I-9 file: Keep all Form I-9s in a separate master file or three-ring binder.Medical file: This file should contain everything related to an employee’s medical history,...

7 Benefits to Outsourcing Payroll

by | Jun 29, 2021 | Business Tips, Financial Management, Payroll

As a business owner, you’ve put in a lot of hard work and sacrifice for the health of your company. The highs and lows, the celebratory moments and the challenges, all combine together to form your experience as a business owner. And even though you and your team are...

Is There a Better Way to Pay Workers’ Compensation?

by | Feb 25, 2021 | Business Tips, Financial Management

There is a better way to pay your workers’ compensation insurance premiums than being hit hard with a sizable one-time sum. You’ve heard murmurs around the metaphorical watercooler of a “pay-as-you-go” method of workers’ compensation payments—rumors that it can’t be...

How to Figure Retroactive Pay

by | Jan 13, 2020 | Financial Management, Payroll, Time & Attendance

Retroactive, or retro, pay is money due to an employee for work already performed but paid at a lower rate. Most commonly, it is linked to late performance appraisals, in which the employee received a pay increase that took effect in a prior pay period. Employees who...