Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

A bonus is a supplemental amount paid over and above what is normally due to an employee. There are a variety of ways companies determine the amount of a bonus. When it comes to completing payroll, ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

A piece-work compensation system pays employees a specific amount for each unit they work on or produce each day. Calculating sick pay relies on concrete salary data for normal work days.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Processing payroll involves cumbersome and detailed ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...