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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 262
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Managing unexpected change in the workplace

Insperity

That’s why you should also have property insurance so you can rebuild your office space with minimal financial stress and disruption to regular operations. A “business interruption” add-on to your insurance policy can even reimburse you for lost income related to property damage. Loss of critical personnel. Loss of key client.

Insurance 183
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Should your company offer severance pay?

Insperity

A fair severance agreement should include at least two weeks salary, and may also include: Additional money based on years of service A reimbursement to help offset the cost of health insurance coverage continuation or COBRA stipend Outplacement counseling and/or training. Commitment to clarity. Past, present and future.

Legal 179
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Sponsoring a foreign national: Everything you need to know

Insperity

Consult an immigration attorney. Comply with insurance requirements. Insurance obligations are the responsibility of the employee, but companies may assist in the process or offer company insurance. Meet salary and benefit requirements. All foreign hires must also have a valid work visa from the U.S.

Insurance 173
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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) To confirm your company’s legal obligations for these types of insurance, check the laws in your particular state.

Insurance 147
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Attracting and Retaining the Best Staff for Your Business Through Benefits

The Office Management Group

Not all benefits need to be healthcare or life insurance which can be a high cost for small to medium-sized businesses. To compete with other companies searching for the same talent, you need to provide employees with more than just a salary. Go over all details with an HR advisory consultant. Benefit laws are complicated.

Insurance 130
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The ultimate guide to navigating a multigenerational workplace

Work Life

Similarly, professional recruitment consultancy Robert Walters found that 91% of millennials consider the potential for career progression when choosing a new job. Salary and Benefits When it comes to incentives, millennial and Gen Z workers want what we all do: a competitive salary, decent health insurance, and plenty of vacation.