December 12, 2017  
 
  Entrepreneurs  
  Compensating Employees  
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Learn about best practices for employee compensation at small businesses. Our artices cover salary levels, pay for performance compensation and a variety of other topics related to compensating small business employees.

Compensating Employees

  • Minimum Wage - 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.
  • How Much To Pay Employees - 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.
  • Starting an Employee Incentive Program - 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.
  • How to Determine When an Employee Deserves a Raise - 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.
  • Small Business Owners Compensation - 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.
  • Paying for Performance - Interested in employee incentive programs? In this article on small business compensation, we offer guidelines for creatively rewarding your employees' hard work.

  • Offering Stock Options - Considering offering stock options to employees? For small firms, stock options can level the playing field for recruiting the best and the brightest.
  • Offering Employees Stock Options - 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.
  • Minimum Wages by State - Finding out what the minimum wage is for your state is more difficult than it should be. We've done the research for you.
  • When You Can't Pay Employees - 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
  • Determining Compensation Levels - 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 - 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.
  • How Much Money Should Company Founders Get? - 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 Employees - 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.
  • Benefits Wages - 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.
  • Give Employee Bonuses After Doing These Five Things - 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.

 

 

 

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