The Payment of Wages and Fringe Benefits Act, Public Act 390 of 1978, as amended, regulates the payment of hourly wages, salaries, commissions, certain fringe benefits (vacation pay, sick pay, etc.) as specified in written contracts or written policies. Also:
One of your direct reports wants more money. He says he’s underpaid. Or he thinks he’s doing work above his current title. Whether or not you hold the purse strings for your team or organization, this is a tough situation for managers. How should you respond?
If you’re a sole proprietor with no employees and very little business overhead, what you pay yourself is pretty much what you earn in sales minus your costs and taxes. But what happens when your business grows, or you enter a partnership, or take on employees – how do you determine what your salary should be?
To you, their salaries are just a line item in the budget. To your employees, they're much more.
Your employees are your business, so ignore the following truths at your peril:
The use of traditional, painstakingly manual payroll systems are on the decline, and for good reason -- they're repetitive, complicated and prone to human error.
There are many ways to measure the success of an entrepreneur, including the number of new ideas launched, the revenue and profits earned, and the ways in which he or she serves an industry or a community. But perhaps the chief among these is the impact the entrepreneur is able to have on the lives of employees. Beyond tangible rewards such as pay, and intangibles such as mentoring, a business owner can profoundly shape a worker's life by providing a generous package of employee benefits.
Today's employers place a high premium on keeping workers happy. After all, research shows that happy workers are the most productive.
A strong mission, like-minded co-workers and a great company culture can be rewarding, but there are other, unique perks that can both attract prospective employees and keep your existing ones motivated and engaged. Here are 15 awesome perks offered by large and small businesses across the country.
Read more here: Business News Daily
What is My Legal Obligation to Pay Employees? What Happens If I Don't Pay Them?
Times are tough for many companies, and when cash is short it is tempting to try to save money by delaying payment to employees or not paying terminated employees. But paying employees is one of your top legal obligations. If you have employees, you must pay them. Attorney Michael Helfand discusses the legal obligations of employers and the repercussions if employees are not paid in a timely manner.
Federal and State Laws About Paying Employees