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Showing posts from September, 2022

Choose the Best Pay Schedule for Small Business - Nitso

How often your business runs payroll may appear like a simple decision, but there are several important factors to consider, involving employee preferences, Department of Labor regulations, payroll expenses, and taxes and benefits. also, your pay schedule choice can affect your association’s capability to attract and keep the best employees.  We’ll look at the most meaningful factors to consider when selecting a pay schedule, standard pay schedule models, and how to determine what’s suitable for your company.  Factors to consider when choosing a pay schedule  The first step in selecting the proper pay schedule for your business is assaying the type of jobholders you have. Consider how much your jobholders work each week, how much their pay varies from week to week, and whether they’re hourly or salaried jobholders. You’ll also look at their overall income in a typical pay period.  Once you’ve considered what’s best for your jobholders, visit the Department of Labor’s website to learn