Overtime The Fair Labor Standards Act has been around since 1938. Regardless, thousands of employers fail to comply (either knowingly or unknowingly) with the FLSA overtime rules. Some violators are well-known multi-million dollar corporations. When is overtime pay mandatory? Employers must pay overtime when hours worked by a non-exempt...
Reduce the Time it Takes To Prepare for Payroll With Automated Integration That Takes the Work out of Data Entry Whether you pay your employees weekly, bi-weekly, or monthly, payroll is relentless. It seems to roll around quicker each pay period. Then it requires at least a full...
There Have Never Been More Mobile Employees Millions of small businesses rely on mobile employees. According to the International Data Corporation (IDC), the number of mobile workers in the U.S. will reach 93.5 million by 2024 and will account for 60% of the total workforce. It’s no wonder mobile...
A system is a method of solving a repeated business issue in a strategic and effortless way. — Neil Patel, Forbes ‘Top 10 Marketer’ and revenue growth expert Good systems solve business problems, including unplanned overtime. Does your company have an unplanned overtime problem? If so, you’re not alone....
There are several ways employees inflate their paychecks and buddy punching is one of the most expensive. With a buddy punching scheme, an employee clocks in for a “buddy” that is not at work. The employee may or may not arrive during the shift but will get paid for...
No small business should limp along with a paper-based leave approval process. Why? First off, it is a time drain for the manager who already has a lot on their plate. Secondly, manual processes are vulnerable to human error. Thirdly, it detracts from the overall employee experience and culture....
Keeping track of stacks and stacks of papers to track company spending can become a hassle quickly, especially if you lose track of any items. With today’s technology, there are countless ways to make your life easier by keeping a digital record of company funds. Digital Receipts Cut Time...
We are now in the fourth quarter of 2022. Crazy right!? We just wanted to take a moment to congratulate you on getting to this point, and to encourage you to set a few goals for yourself and your business for the remainder of the year. Here are 3...
Payroll is an essential key to your small business, but it can quickly become overwhelming with determining payment for your employees. Business Financials offers a range of payroll services to help you and your small business. Whether you are doing payroll on your own or we are assisting your...
Hiring can seem like a daunting task, especially when looking for employees you can trust with your small business. The backbone of your small business is every employee that you hire to carry out essential tasks. When going through the hiring process, remember these few things! Create a Specific...