Wondering how to do labor cost allocation? We’ll walk you through it. When you own a business, you have a lot of costs to consider. How much will you pay for your space, materials, and marketing, for example? One of the largest costs for most businesses labor. And as any accountant will tell you, your […]
Am I paying my employees an appropriate salary? Without a compensation management tool, determining the answer to that question can be difficult.
How do I calculate an hourly rate from salary? There's a complex formula to follow... or find out using our hourly to salary wage calculator!
While HR should be focused on people, this position also deals with a lot of data analysis. Personnel can be one of the largest investments for a business, especially small businesses, so it’s crucial to assess how well employees are performing. One helpful tool used by the HR management team is called a labor cost […]