You’re Confused About Overtime
In most circumstances, employers must pay overtime to nonexempt employees who work more than 40 hours a week. (In some states, overtime is more than 8 hours a day.) But not everyone qualifies for overtime pay. In most cases, the line is drawn between hourly and...How Much of a Raise Should You Give?
If you run a business with employees, you have at some point wondered how you should compensate them for good work. It’s actually a much trickier task than people realize. You have to take into account employee morale, employee performance and market...New HSA Plan Limits For 2018
New HSA Plan Limits For 2018 For 2018, individuals can contribute up to $3,450, up from $3,400 in 2017, while family contributions are up to $6,900, up from $6,750 in 2017. The maximum out-of-pocket figures are up too: $6,650 for single coverage, up from $6,550 in...Overwhelmed by Hiring and Recruitment
Overwhelmed by Hiring and Recruitment To get started simplifying your hiring and recruitment chores, use technology to target the right people: Create a recruitment strategy that starts with understanding project needs and company goals. Identify the critical roles...How to Calculate Severance Pay
Although there is no legal requirement to offer severance, many companies provide it to employees after their employment is terminated. In general, severance pay is based on length of employment. You may decide to offer a week’s pay for every year of service, or a flat amount based on six weeks’ pay. When provided, it’s given either as a lump sum or paid over a number of weeks.
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