EU-en 
ar-es
cl-es
co-es
ec-es
mx-es
pe-esSole proprietorship: What is it? Which advantages it has?
Sole proprietorship is the most common business entity across the United States, representing over 70% of total businesses. The owners choose this entity because it is simple to establish, there are few start-up costs, and they retain maximum decision-making power. Even being the simplest business to establish, a sole proprietorship is fraught with substantial risks, […]
Payroll: What is it? How does it work?
One such business process that impacts employee satisfaction, financial health, and compliance is payroll. Compensating workers in an accurate and timely manner is one of the drivers resulting in employee trust and employee motivation. Payroll is an expansive process that involves wage calculations, tax withholding, benefit withholding, and compliance in all areas – federal, state, […]
Blue collar meaning: How is it used?
The economic base of America for decades now is the blue-collar economy, providing labor to build roads, produce consumer durables, and power dominant industries. Blue-collar workers have been equated in the past to manual labor and the trades, but those days are over. Blue-collar employment and its definition and identity evolve as do industries. You […]
Per diem: What is it? What are its rates?
Employee travel and short-term work assignments are a hassle to handle, especially the reimbursement of expenses. This is where per diem comes in to make things easier. Per diem refers to a predetermined amount per day that makes it easier to reimburse the expense of travel so your workers receive a fair amount without submitting […]
Annual income: What is it? How to calculate it?
An annual income is an essential number when budgeting, paying taxes, and calculating an individual’s overall financial situation. It is used to make a budget, qualify for loan purposes, plan for retirement, and invest. Whether one is working, an entrepreneur, or an investor, an annual income is crucial to make financial choices. Those which constitute […]
PTO: How does it work?
Work-life balance has never been more important in today’s high-performance work culture. A major piece of that balance comes in the guise of Paid Time Off (PTO), allowing your workers to rest, refuel, and take care of family issues without sacrificing pay. This vital employee benefit not only enhances the wellness of your team but […]
Applicant Tracking System (ATS): How does it work?
Handling huge numbers of job applications can be very time consuming to process for companies, which can very quickly end up causing massive delays, inefficiencies, and the loss of effective top notch talent. To prevent all this, most companies resort to Applicant Tracking Systems (ATS) to streamline the hiring process and make the process of […]
Federal minimum wage: What is it?
Minimum wage laws might seem straightforward on the surface, but anyone in HR knows they come with layers of nuance. At the center of it all sits the federal minimum wage—essentially the legal floor for hourly pay in the U.S. Established by the Fair Labor Standards Act (FLSA), it was designed to make sure workers […]
FICA: What is it? How is it calculated?
Social Security and Medicare might seem like far-off benefits until you realize you’re already paying into them with every paycheck. So where’s that money going? Enter FICA—the Federal Insurance Contributions Act. It’s not the most glamorous acronym, but it’s one that plays a major role in funding America’s safety net. Whether you’re in HR or […]
Salary: What is it? How does it work?
Salary is among the fundamentals of the employer-employee relationship. It’s a standard system of remuneration on the merit of an employee working in a firm. It gives the employee economic status and corporate prestige and is among the most critical resources an employer has at their disposal for the sake of employee recruitment and retention. […]