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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Learn how to simplify the process: Download The Small Business Guide To Payroll today. Commissions.

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Your Complete Employee Termination Checklist (Don’t Forget #1!)

Genesis HR Solutions

Download your free employee onboarding checklist here to streamline your hiring process. Care should be taken to ensure that the employee’s final pay includes not just final wages but also any commissions or bonuses owed, accrued paid time off (PTO), and any reimbursements still owing.

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A payroll processing checklist for small businesses

Genesis HR Solutions

If an employee has been terminated, does this person have accrued unused vacation or paid time off (PTO)? Many states consider accrued, unused Vacation (or PTO) to be earned compensation, which is required to be paid out.). Commissions. Learn more: Download The Small Business Guide To Payroll. Terminations.

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