Remove Gross Pay Remove Life Insurance Remove Overtime Remove Retirement Plan
article thumbnail

How to set up a payroll process: 10 steps

Insperity

Understanding the difference means knowing how to report income, withhold and pay taxes, and handle overtime for each group. These are salaried employees who are not eligible for overtime compensation. This includes hourly employees who qualify for overtime compensation. Plan how you’ll track hours worked and time off.

Payroll 102
article thumbnail

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., Select a payroll solution.

Payroll 40