Holiday season is surely one of the seasons that employees anticipate. Basing on the holiday pay stubs and double-time wages, your employees would surely earn well. If you are having a hard time figuring out their exact pay due to holidays and double time, then is high time to know the best thing you can do about it. There are a few steps you can follow in order to have a flawless process.
Read more here and you will know the steps that we are talking about in order for your company to flourish.
1. Check the Law regarding Holiday Pay
Most employees believe that every holiday is a chance to receive double way, which is not true. If you want to avoid being asked by your employees about it, you inform them before the holiday comes.
2. The Difference between Double Time and Holiday Hours
You should put in mind that holiday pay and double time are different from each other. There are a lot of notes you can check online with regard to this matter.
3. Considering the Status at Work of Your Employees
Before anything else, you must know if an employee is working part time or full time. Part timers can receive bonuses from you. Full timers also get the benefits that part-timers get on top of their paid vacations. Avoiding confusion can be done by putting it on their payrolls.
4. Calculating Wages
Once you have mentioned that a certain holiday will give them a special rate, put in mind that you have to reflect it on their wages. Your employees render their duties for your company, so you must be able to give back what they deserve.
5. The Calculation of their Double Time
Once you keep their records, you will have no problem in paying them. Everything can be calculated well with the help of the records.
6. Accepting the help from a Trustworthy Pay Stub Making Software
It is very easy to make pay stubs nowadays with the use of the latest technology. Employees will receive their pay stubs right away with the use of a certain software. You will even have backup files for your records, ensuring that you have a copy of everything. Even errors in calculation are almost impossible to happen.
When it comes to your business, it is essential to take good care of everything you have, including your employees. Paying them well is one way of valuing them. Having a good software in calculating their hours of work will surely be of great advantage.
Check this link to get a preview of the software that will calculate your employees’ wage correctly. Investing for a good system will make your best employees stay in your company for a long time.