Employee Classification: Exempt Vs Non-Exempt Employees
The differences between exempt employees and non-exempt employees can create a lot of confusion for employers and workers. Irrespective of whether you qualify for overtime pay or minimum wage, or work for more than 40 hours every week, the Fair Labor Standards Act (FLSA) governs the exemption status. Some jobs excluded from the FLSA Statute […]
HSA Vs FSA: What’s The Difference?
While many employers might see health insurance as an unnecessary expense, up to 55% of employees consider this sponsored benefit to be a prime contributor to their overall job satisfaction. As a result, businesses that offer health insurance are likely to have more skilled, productive and engaged workforces. Health insurance also creates significant tax savings […]
What Is a Qualified 1099 Employee
In the face of stiff global competition and tight operating margins, a growing number of organizations have begun to restructure their hiring practices to accommodate more flexible talent. Data from Intuit suggests that by 2020 more than 40% of American jobs will be held by these contract workers. This shouldn’t come as a surprise. Over […]