Remove Government Remove Insurance Remove Salary
article thumbnail

How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Also, there are some states and local governments that require separate ID numbers in order to process taxes. Executive, administrative and professional exemption.

Payroll 258
article thumbnail

5 steps to attract and hire highly skilled workers

Insperity

Is the salary you plan to offer competitive? When hiring highly skilled workers, you may find that you must be flexible on salary to get the right candidate. How can you woo job candidates if you’re limited to a certain salary range? Other than an attractive salary, what perks can your company offer?

Salary 199
Insiders

Sign Up for our Newsletter

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

article thumbnail

This is what it looks like to be single and middle class in New York, Ohio and Florida

Work Life

Although household incomes have increased considerably since 1970, the share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021 (the last time Pew did an analysis of government data) with adults in single-earner households being among the groups that slid down the income ladder the most between 1971 and 2021.

article thumbnail

How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 government is paying employers to set up retirement plans and contribute to them. This means that businesses aim to compensate employees beyond mere salary to protect and enhance their physical, emotional, social, professional and financial health.

Security 279
article thumbnail

3 middle class families across America share what they earn, spend, and save

Work Life

Although household incomes have increased considerably since 1970, the share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021 (the last time Pew did an analysis of government data). In fact, that 50% number has been holding steady for the last decade, says Pew Senior Researcher Rakesh Kochhar.

Insurance 111
article thumbnail

What are fringe benefits? What employers need to know

Insperity

Though you don’t withhold taxes for these parties, you may need to report the benefit to the government using one of the following forms: IRS Form 1099-NEC for independent contractors IRS Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. Independent contractors you hire for a specific job can be recipients.

Banking 241
article thumbnail

Being a U.S. Olympic athlete is not the windfall you think it is

Work Life

“Most athletes live off of some combination of stipends, prize money, support from family or partners, and salaries from other types of work.” Some American Olympians sleep in a car at night or without sufficient food or adequate health insurance, the report found.