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What is a statutory employee? Understanding the impact of worker classification

Higginbotham

Requirements for Employees Businesses must comply with FLSA wage and hour laws, including minimum wage and overtime requirements, as well as state requirements for employers. Businesses typically provide employee benefits to these workers – some of which may be required by state law, such as and unemployment insurance.

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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. Remember that for hourly employees, overtime is generally 1.5

Payroll 101
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Importance of Employee Benefit Package And Why it Matters

HR Digest

Overtime pay 3. Health insurance Those benefits provide a baseline of employee expectations. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Health Insurance Health care is important and sometimes it can cost a lot.

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FLSA status — exempt vs non-exempt, what do employers need to know?

Business Management Daily

The FLSA establishes federal minimum wage, overtime pay requirements, employer recordkeeping standards, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. How you classify your employees will determine whether they are eligible for overtime. independence).

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

An employer can provide short-term disability or long-term disability insurance, depending on the employee's needs. Life Insurance Life insurance is another benefit that is an essential part of the benefits package. Think of government resources as the rulebook in a game.

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What You Need To Know About Employee Reimbursement

Genesis HR Solutions

However, such expenses may not reduce non-exempt employees’ wages below the minimum wage, nor decrease their overtime compensation (state law may require employees to be reimbursed for business expenses). Under the Fair Labor Standards Act (FLSA), employers are not required to reimburse employees for business expenses.

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Pay Up! 10 Steps to Establishing a Payroll Process (Part 2)

Insperity

After the pay period is determined, you will need to consider how to handle things like paid time off (for holidays, vacations, sick days and personal days) and overtime, how you will track employee hours and decide if you will offer direct deposit. Other options include semi-monthly (e.g., the first and fifteenth of the month) and monthly.

Payroll 40