Do you wonder how best to compensate employees for good work? Determining the appropriate amount for a raise is actually trickier than people realize. Consider employee morale, employee performance, and market averages. To get a fuller picture, keep reading. Market level When deciding raise amounts, consider the market’s average salary for their position. If an […]
How Much of a Raise Should You Give?
From 401(k) plans – to individual retirement accounts – to Social Security, the federal government has been busy in recent weeks adjusting numbers for 2018. These changes may affect how you approach retirement in the coming months and years. Social Security: New ceilings First, let’s start with what is not changing. The 7.65 percent […]
There is no legal requirement to offer severance. Companies often provide it after an employee is terminated. In general, the amount is based on length of employment. You may decide to offer a week’s pay for every year of service, or a flat amount based on six weeks’ pay. Distribution is typically as a lump […]
FOR IMMEDIATE RELEASE September 22, 2017 The Payroll Company Announces Internal Promotion SPRINGFIELD— TPC (The Payroll Company) recently promoted Brianna Hartman to the company’s tax department. Hartman worked for TPC as a part-time intern during her junior and senior years in college. In her new role, Hartman will work directly with associates in the company’s […]
FOR IMMEDIATE RELEASE September 15, 2017 The Payroll Company Welcomes New Team Member SPRINGFIELD— TPC (The Payroll Company) recently welcomed Stephanie Stevens to the company’s tax credits/benefits department. Stevens brings more than twenty years of experience working in payroll and client management to her new role at TPC. She will handle Work Opportunity […]