The new salary rule putting the overtime threshold at $47,476 per year goes into effect on December 1, 2016. You have to tell your employees.

A good rule of thumb is to put 40%-80% of your business revenue toward employee salaries. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Verify the employee's current pay rate, which should be on an annual basis. Employees who are paid on a salary basis can have their pay converted to an hourly rate; however, their classification ...

When you choose to hire a salaried employee instead, they will be paid an agreed upon amount for the pay period based on their annual salary. For example: If an employee agrees to an annual salary of ...

Payroll is the compensation a business must pay its employees subject to state and federal rules. ... You can determine an employee’s gross pay using their pay rate and your scheduled pay periods.