If you have sales staff, you might pay them commissions. Paying employees with sales commissions can incentivize employees to make more sales. While commissions can get employees to sell more, employees aren’t guaranteed steady pay. To give your sales staff more financial stability, you can use a draw against commission system.
Read More What Is a Draw Against Commission?Compensation Articles
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Is There Such a Thing as Self-employed Unemployment?
No small business owner wants to think about their company going under. But, planning ahead can help you prepare for the worst possible scenario—unemployment. Millions of people claim unemployment benefits each year in the United States. You might wonder if you can receive these benefits as a business owner. You must understand the rules on […]
Read More Is There Such a Thing as Self-employed Unemployment?A Look at Deferred Compensation Plans
For many employees, generous benefits are more important than pay raises. There are several benefits options you can offer to attract and retain employees, including deferred compensation plans.
Read More A Look at Deferred Compensation PlansWhat Is Severance Pay?
At some point, you might have to terminate an employee. You might eliminate their position, make layoffs, fire for misconduct, or mutually part ways. No matter the reason, you might consider giving the employee severance pay. But what is severance pay? Before you make a decision about severance pay, learn more about it, what you […]
Read More What Is Severance Pay?Commission Employees and Overtime Rules
To protect employee rights, the Fair Labor Standards Act (FLSA) regulates overtime. But, some employees are exempt from receiving overtime pay. If you offer commission pay to employees, you might be wondering if they are exempt from overtime. What are your responsibilities when it comes to commission employees and overtime?
Read More Commission Employees and Overtime RulesWhat Is Piecework?
There are various methods to compensate employees, including hourly, salary, and commission pay. But, are you familiar with piecework pay? Learn more about what is piecework, piecework laws to follow, and how to calculate piecework pay.
Read More What Is Piecework?Are You Correctly Calculating Overtime for Tipped Employees?
One major blunder small business owners make is not paying their tipped employees the correct wages. And when it comes to you paying tipped employees overtime, things can get a little more complicated. So, are you using the correct overtime rate for your employees who receive tips? Read on to learn the right way to […]
Read More Are You Correctly Calculating Overtime for Tipped Employees?3 Types of Salary Structure You Should Know
If you’re a fan of organization, consider adding structure to how you determine salaries and raises. Learn about the different types of salary structure you can use in your small business.
Read More 3 Types of Salary Structure You Should KnowWhat Is Bonus Pay?
When you first start your business and hire employees, you might be worried about how you’ll make payroll each pay period. But once your business is firmly planted, you might be able to give more money to your employees. One thing you might want to offer employees is bonus pay.
Read More What Is Bonus Pay?What Does Direct Compensation Include?
As an employer, you may give employees several types of compensation, including direct compensation. So, what’s direct compensation? And, what are the different types?
Read More What Does Direct Compensation Include?