Business Math: Calculating Overtime By Hand
Calculating overtime by hand can be risky. The Federal and State governments have set a lot of rules to ensure that employees get paid fairly for the time they work over 40 …
Calculating overtime by hand can be risky. The Federal and State governments have set a lot of rules to ensure that employees get paid fairly for the time they work over 40 …
Contributed by Gina Smith. Businesses are discovering the many benefits of outsourcing. Often, companies can save thousands of dollars by hiring independent contractors versus full time employees. Contractors perform various functions including …
With all the talk about raising the Federal minimum wage to $10.10 per hour, business owners are thinking about living wages and how to ensure that they are paying their employees enough …
This infographic by HR Daily Advisor is a snap shot of their more in depth survey on employer holiday pay practices. In the survey they answer many important questions.
In most restaurants across the country, servers receive the majority of tips. However, all of the restaurant’s employees are jointly responsible for the customer’s satisfaction and so most restaurants require that servers …
Contributed by Antoni Swidlicki In recent years, more and more people are telecommuting, or working from home. Sometimes this has been a forced decision following a redundancy as a result of the …
Understanding fixed and marginal cost is a must for small businesses. Knowing how much it will cost to produce one more item or provide one more service helps a business form a competitive …
There are several ways to calculate time off but only one of them is ideal for part-time employees or employees who work variable schedules. The by hours worked accrual rate ensures that …
To calculate interest correctly, you need to know three values: The principle amount The interest rate The amount of time (in years or fractions of a year) When you know these three …
The financial effect flu season has on the nation’s businesses is significant. According to the Annual Flu Season Survey, each year there are an estimated “70 million missed worked days” and “billions …
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