Five Steps for Converting an Hourly Employee to Salary

Five Steps for Converting an Hourly Employee to Salary

March 4th, 2020 12:35 pm

You might decide to move an employee from hourly to salary because he or she has been promoted or given more responsibilities. Or maybe you want to simplify payroll-cost estimation, as salaried employees are usually paid a fixed amount. But before you do the conversion, it’s essential to consider the employee’s classification. Hourly employees are […]

10 Steps Toward a Regular Employee Review System

February 27th, 2020 12:30 pm

It seems no one likes employee reviews. Managers are nervous about giving them, and employees are nervous about receiving them. But it doesn’t have to be that way. The key is to make sure everyone knows what’s expected; then, a review can be a positive process for everyone. Just consider the 10 key steps to […]

Changes to 401(k) Contribution Limits for 2020

January 13th, 2020 10:48 am
401(k) contribution limits

Every year, the IRS takes a fresh look at 401(k) contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan are increasing to $19,500 from $19,000. The catch-up […]