To many employees, holidays are the best days to go on duty because they receive higher pay. 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 actually a few easy steps you can use in order to solve your problem.
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. As an employer, you must clear this thing out by informing your employees about it ahead of time.
2. Differentiate 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. Paying Fairly
It is obvious that employees get different rates depending on their standing, such as being a full-time or part-time employee. Part timers can receive bonuses for being on duty for special days. Full timers receive more benefits, such as having paid vacations. The payroll must explain everything in detail to avoid confusion.
4. Missing Nothing during the Calculation of Wages
Reflecting their rendered holiday duties on their wages is needed, especially if you have clearly said that it has a special pay. Your employees render their duties for your company, so you must be able to give back what they deserve.
5. Calculating 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. Creating the Best Pay Stubs through an Outstanding Software
If you are still relying on the old school type of making pay stubs, you must be able to know what is commonly used right now. With the use of your computer, you can have a software that can automatically create pay stubs for each employee. It is also the perfect tool in keeping records with backups. Calculation errors are also eliminated.
Your employees are important assets in your company, which is why it is a must that you should take good care of them. Truly valuing your employees can be done by giving them the money that they have worked so hard. 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. Your employees would love to work for your company when they know you have a good system.