Every business owner has experienced that eureka moment – the discovery of an idea that they believe is going to become the next multi-million dollar company. However, building a successful startup does not happen by wishful thinking. It does not happen overnight either. Many of the companies that appear to have succeeded overnight have usually… Continue reading What Startup Mistakes to Dodge
Telecommuting is the future of many careers. As technology and the Internet expand, so do the online opportunities. You’ve likely found the pressure to offer more remote positions to your workers. Whether you are providing your local employees work-from-home options or you’re expanding your company for remote positions across the globe, you’ll find that managing… Continue reading How to Make Your Remote Teams Succeed with These Management Tips
Ah, time management… A dreadful thought to any working person. An even more dreadful one to any business owner without an effective time management strategy. Any self-respectful CEO will never leave their team without a strong time management plan. While some time management techniques might be needed as well as a time tracking app and… Continue reading Why Your Business Needs an Effective Time Management Strategy
Direct Deposit A direct deposit is a convenient payment option that allows an automatic scheduled electronic transfer from one party directly to your checking or savings account. The most common uses for direct deposit are salary payments, government benefits, pensions, investment payments, and tax refunds. Some people still prefer a traditional paper paycheck but the… Continue reading Setting up Direct Deposit for Your Paycheck
As a component of the employee benefits package, most companies offer supplemental life insurance or other ancillary coverage. Some examples include life, disability, vision or even dental insurance. Many workers in the USA today have supplemental or additional life insurance benefits available through the employer for either little or no charge. This life insurance is… Continue reading What is Supplemental Life Insurance?
Child labor laws and reforms were passed in several waves. The last and most comprehensive of which was the Fair Labor Standards Act (FLSA) of 1938. Before that, however, was a “perfect storm” of factors and influences that pushed and pulled on the institution of child labor. Prior To FLSA Before 1938, children had been… Continue reading The History of Child Labor Laws
Compensatory time, commonly referred to as comp time, is the paid time off that is given to non-exempt employees instead of overtime pay. A company which has a comp policy allows its employees paid time off work at the same rate that they would have paid them if they were to pay for overtime. In… Continue reading Do Salaried Employees Get Comp Time?
The Current Minimum Wage Rates Prior to enacting the Fair Labor Standards Act in 1938, the United States didn’t have a minimum wage. Employers could pay their workers whatever rate they chose. Since enacting the law, however, the federal and state governments have dictated a minimum wage to employers. While the least acceptable wage is established… Continue reading What is the Law Regarding Minimum Wage?
The two most confused phrases among first time employees are gross pay versus net pay. The simple way to remember the difference between these two is that gross pay is what you earned before taxes have been deducted. While net pay is what remains after taxes are deducted. Read more about the law with regards… Continue reading Gross Pay Versus Net Pay
A Health Reimbursement Arrangement (HRA) is a medical reimbursement plan funded by an employer. It provides a tax advantage that allows employers and employees to save on medical costs. If you have access to an HRA, then here are some things you should know. HRA Plan Overview Your employer creates an HRA account for each… Continue reading How Do HRA Insurance Plans Work?