Compensation & Benefits

Small Business Owners Ask: Am I Paying My Employees the Right Salary?

Survey after survey of small business owners indicates that attracting and keeping employees is one of the biggest challenges today. And with the unemployment rate still low, that problem is not likely to go away soon. A few months ago we noted that, according to a survey from Kelton Global, commissioned by QuickBooks Payroll, employees …

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7 Big Changes That Could Impact the Way You Do Payroll This Year

Payroll penalties are severe, my friends. And these penalties impact employers who accidentally make mistakes. That’s why it’s important to know about changes to payroll laws and tax rates beforehand. Here are seven upcoming 2020 payroll changes you should familiarize yourself with before the year comes to a close—and going into the new year. 1. …

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Here’s What Happened After I Forced My Employees to Take Their Vacation Days

By John Griffin Did you know that the United States does not have a statutory minimum annual leave requirement? Unlike many European countries that mandate companies offer their employees 20 to even 30 days of paid vacation each year, the U.S. has never instituted a similar policy. This diligent work ethic that has laid the …

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12 Things Startups Should Consider When Buying Health Insurance

As your small business grows, you may find that you want, or need, to offer insurance coverage, such as medical, dental or vision, to your employees. Offering these benefits can help attract and retain top talent, but it’s also a big investment that should not be taken lightly. To find out more about what businesses …

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How Much ‘Paid Time Off’ Should Your Company Offer Employees?

As summer draws to a close, have your employees taken advantage of all the paid vacation time available to them? Workers who don’t take sufficient time off can suffer from stress and burnout, making them less effective at their jobs. Yet a survey by employee scheduling and time tracking software provider TSheets reports that many …

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The DOL Proposed Overtime Rule: Will Your Company Be in Compliance?

By Tonya Fletcher Earlier this year, the U.S. Department of Labor (DOL) published a proposed rule that would make nearly a million workers eligible to receive overtime pay. The proposed rule is for white-collar exemptions to overtime, which refers to employees with duties that primarily involve executive, administrative, or professional responsibilities as defined by the …

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12 Overrated Employee Perks Your Company Should Avoid Offering

In today’s highly competitive job market, employers often try to woo top talent by advertising a variety of perks of working for their company. While some of these benefits are indeed attractive to job seekers, others simply aren’t so effective when it comes to recruiting or retaining employees. To find out more, we asked members …

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What Employee Benefits Matter Most to Your Team?

Employee benefits are becoming an increasingly important part of the package that employees consider when taking—or deciding to stay with—a job. But fewer than half of small businesses currently offer employee benefits, according to a new survey by Clutch. Are you selling your business short by not providing the benefits your team wants? Here’s what …

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Pay Equity: Are You Paying Your Employees Fairly?

Is pay equity getting a fair shake at your business? In 2017, female full-time, year-round workers made only 80.5 cents for every dollar earned by men, a gender wage gap of 20%, according to the Institute for Women’s Policy Research. If progress toward pay equity continues at the current snail’s pace, IWPR estimates it will …

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How to Manage, Schedule, and Track Time for Employees on Multiple Job Sites

In partnership with Simply Business By Rieva Lesonsky 2nd in a series of articles exploring how to make 2019 your business’s best year yet. With the economy at nearly full employment, it’s increasingly difficult to find workers—especially for small businesses. Some 61% of employers in the NFIB’s most recent monthly jobs report are either hiring …

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How Satisfied Are Your Small Business Employees?

The economy is booming—and that means employees who have been loyal to your business for years might quietly be searching for new jobs. Just how happy are your small business employees? To find out, QuickBooks Payroll surveyed 1,000 employees at companies with 20 or fewer workers. Here’s what they learned—and what it means to your …

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