Payroll Strategy

In the world of employee compensation, time and a half refers to the increased pay rate that nonexempt employees earn for working overtime.

Per diem is a type of allowance or compensation that companies provide to their employees and it plays an important role in simplifying expense management for businesses.

Businesses and employees often come across terms like gross pay and net pay on their payrolls and paychecks.

Many businesses stay open outside the general 9 to 5 business hours to keep up with customer demand, especially during the holiday season.

As the timeless adage goes, “time is money,” and for many individuals, this translates into dedicating extra hours to the workplace in the hopes of boosting their income.

With the changing business landscape, the labor market has become more diverse and has been classified into different categories.