Compensating Employees

Are you paying minimum wage? You better be! The national minimum wage applies to nearly all workers and sets hourly rates below which pay must not be allowed to fall.

Deciding how much to pay employees can be a frustrating exercise for business owners. The key to making it easy is defining a pay system. Put a pay system in place and you'll never anguish over payroll decisions again.

There can be nothing better than a simple "thank you" for a job well done by your employees. But sometimes, it is a nice incentive or motivational boost to do something a little extra to reward hard work. If you want to know how to create effective employee motivation progams, here are a few considerations to think about before you start.

When should you think about giving your employee a raise? What makes an employee eligible for a raise? Find out how to give your employee the raise they deserve.

How much money do small business owners make? It depends. Every small business owner struggles with how much to take out of and how much to leave in their companies.

Interested in employee incentive programs? In this article on small business compensation, we offer guidelines for creatively rewarding your employees' hard work.

Considering offering stock options to employees? For small firms, stock options can level the playing field for recruiting the best and the brightest.

Employee stock options are an increasingly common form of employee compensation. If you want to attract and keep good workers, learn about employee stock options.

Finding out what the minimum wage is for your state is more difficult than it should be. We've done the research for you.

Startups are cash poor and as much as entrepreneurs would love to hire a team of employees to assist with what is required for the business, often times entrepreneurs don't have the cash up-front to pay for employees

How much to pay employees? That's a question that every growing business must address, and we've got a few insights to share on the subject.

Pay for performance compensation plans are win-win for employees and business owners. When pay for performance salaries are properly implemented, everyone shares a common goal of doing what's best for the company.

What is the basis of determining the salaries of company founders? Should there be a vast difference between their pay and the salaries of other executives?

Underpaying is as bad and sometimes, even worse than overpaying. It breeds frustration and affects productivity and in the long run, you may lose your employees as well.

An adequate benefits & wages tracking system is a small business essential. If your company is lacking in the area of benefits/wages reporting, here a few tips to get you headed in the right direction.

Employees love bonuses, but they value some things more than cash compensation. Here are five things to do before offering your employees a compensation bonus.