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How to set up a payroll process: 10 steps

Insperity

Starting or acquiring a business is a rewarding experience, and your employees would likely agree. As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Understanding the difference means knowing how to report income, withhold and pay taxes, and handle overtime for each group.

Payroll 101
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What is the Difference Between Benefits, Perks, Gifts, Awards, Incentives, and Rewards?

Empuls

But not recognizing or rewarding your employees at all will make you lose your credibility as an employer. Example of incentives in real-time Dow Chemical Company offers a purpose-driven employee incentive program called ‘Accelerate Great.’ The modern workforce seeks to work in purpose-led organizations. What are perks?

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Business owner beware: FLSA compliance and personal liability

Insperity

In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. The FLSA sets basic standards for minimum wage and overtime pay. Authority to hire and fire employees. It’s too costly to pay overtime.