Before hiring employees, spend time learning how to calculate payroll for your business. It’ll save you time from having to correct errors and thousands of dollars in penalties; you might even experience lower turnover by eliminating paycheck frustrations. You can perform calculations manually (hours worked X pay rate), using an online calculator, or with software….
All Human Resources Articles - Page 7
What is FTE and How to Calculate [+ Free FTE Calculator]
FTE stands for full-time equivalent (not full-time employee) and translates the total hours worked by part-time employees into the number of equivalent full-time employees. Tracking FTE is a typical way employers monitor employees’ workloads so future budgeting and staffing can be properly planned for. To calculate FTE you have to know how many full-time and…
Oregon Sick Leave Law: The Ultimate Guide
Several years ago, Oregon’s sick leave law, prompted by Senate Bill 454, mandates five days of paid sick leave for full-time employees in businesses that employ 10 or more workers. More recent guidelines relating to COVID-19 have added to these requirements. This guide also addresses Portland’s local leave laws, which require that employers with six…
How to Set Up QuickBooks Payroll Direct Deposit in 5 Steps
Setting up QuickBooks Payroll direct deposit is pretty easy, whether you use an online payroll plan or QuickBooks Desktop Payroll. You can finish the majority of the process (except account verification) in well under a day, depending on the number of employees you have and if all required bank account information is handy. You can…
2020 Payroll Tax Rates [+ State Tax Map]
Federal payroll tax rates like income tax, Social Security (6.2% each for both employer and employee), and Medicare (1.45% each) are set by the IRS. However, each state specifies its own rates for income, unemployment, and other taxes. Below is a state-by-state map showing tax rates, including supplemental taxes and workers’ compensation. All of QuickBooks…
21 Payroll Terms Every Employer Should Know
When you’re new to payroll, the lingo can sometimes leave you confused. It’s important to invest some time into learning the most commonly used payroll terminology, so you don’t make any weird (and potentially costly) mistakes such as assuming we know what minimum wage is exactly and how it’s defined. The top 21 payroll terms…
California Paid Sick Leave Law
Without a doubt, COVID-19 has impacted every state and how most employers respond to and support employees’ needs in relation to virus-induced illness. The State of California’s Department of Industrial Relations keeps its website updated on all the latest changes to laws that impact employers and employees alike relating to COVID-19. The state resource offers…
How to Do Payroll in Excel in 7 Steps [+ Free Template]
Doing payroll in Excel is best for businesses that need to pay 10 or fewer employees and operate in states without complex labor and tax laws. To save time, use our payroll Excel template with pre-filled information like tax rates and overtime formulas. Automation helps streamline payroll, whether you use a template or payroll provider….
How to Choose a Payroll Service for Your Business
There are a lot of options available when choosing a payroll service. You may be researching everything from payroll software to bookkeepers. When selecting a provider, consider the size of your business and the complexity of payroll operations. In our list, we explain the different types of payroll services available, so you can make the…
How to Hire a Chef in 5 Steps
Great restaurant chefs combine extensive food knowledge with business acumen and leadership skills. Hiring a chef for your restaurant will depend on your culinary and business needs as well as your budget. The restaurant industry is projected to expand rapidly through 2028, so competition to hire a chef will be fierce for the foreseeable future….
Post-Tax vs Pre-Tax Deductions: What Employers Should Know
The primary difference between post- and pre-tax deductions is the time at which employees are required to pay taxes on them. Pre-tax deductions, like some retirement contributions and insurance premiums, are amounts you subtract from the employee’s earnings before computing taxes, driving the tax bill down for both you and your employees. Post-tax deductions are…
5 Best Onboarding Software for 2020
More than half of new hires want an onboarding process that is thorough and organized, according to a LinkedIn poll. Onboarding software can help your HR team create automated processes, provide easy access to needed paperwork, and create a “paper trail” of accomplished tasks to ensure compliance. The best ones are affordable and easy to…