If you have a business checking account you aren’t using regularly or are dissatisfied with your current bank, it may be time to close your account. This will help you avoid dormant account fees. In this guide, I’ll outline the process of how to close a business checking account effectively. This will ensure minimal impact…
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Personnel File: Documents to Include (+ Free Checklists)
A personnel file is a paper or electronic folder kept for each employee—new, existing, and past—that contains HR and payroll documents. The documents within an employee personnel file should cover the entire employment lifecycle, from offer letters and W-4 forms to performance reviews and termination paperwork. Download our free checklists to help you keep track…
How to Write an AP Style Press Release (+ Free Template)
Writing an AP style press release is your best guarantee of securing coverage from the media for your story. This is because the Associated Press (AP) style has been the most established standard for all things journalistic writing for nearly 200 years (trust me, I studied journalism in school). Keep reading to learn the basics…
Understanding Unbanked Employees and How to Pay Them
A significant portion of the workforce remains “unbanked”—without access to basic banking services—creating challenges for both employees and employers. Understanding this population and their barriers to banking is essential for building inclusive workplaces and ensuring secure and efficient pay distribution. What Is an Unbanked Employee? An unbanked employee is an individual who does not have…
How to Improve the Candidate Experience: 8 Strategies
Creating an exceptional candidate experience isn’t just about filling positions—it’s about building relationships and showcasing your company’s commitment to people from the very first interaction. Here are 8 strategies on how to improve your candidate experience. 1. Highlight Your Company Culture Think of your company culture as a living, breathing ecosystem that candidates want to…
How to Write a Job Description: Tips, Examples & Free Template
A job description explains the work duties and requirements of a particular job role within your company. It should also include details about your company culture, as well as the compensation and benefits offered for the position. Once created, it can be published on a job board to attract top talent or used as an…
How to Do Payroll in Maine: An Employer’s Guide
To do payroll in Maine, it’s important to know its state payroll laws, especially for seasonal businesses. The state charges income tax from 5.8% to 7.15%, and its unemployment insurance tax runs from 0.22% to 5.69% (adjusted rate). In addition to rules for seasonal jobs, there are specific guidelines for employing minors. Step-by-Step Guide to…
How to Calculate Bonus Pay for Employees: Ultimate Guide
How to calculate bonus pay depends on the bonus type, tax implications, and payout method. Learn the various calculation methods to ensure labor law compliance and proper employee payment.
Calculating Nonperformance-based Bonuses Nonperformance bonuses are an easy way to make sure all employees share in the incentives, and it simplifies gross bonus amount calculations for you. Some common bonuses not based on performance include percent of salary, holiday bonuses, retention or sign-on incentives, and referral bonuses. Percent-of-salary bonus This is one of the most…