<p style="text-align: justify;">Part of running a <a href="https://www.investopedia.com/articles/pf/08/make-money-in-business.asp" target="_blank" rel="noopener">successful business</a> is understanding the best way to compensate employees. To elaborate, many entrepreneurs are unaware of how salaried employees vs. hourly employees can impact their overall performance.</p>
<p style="text-align: justify;">Fortunately, the answer is easier to understand than you might think.</p>
<p style="text-align: justify;">Let’s explore everything that you need to know.</p>
<h2 style="text-align: justify;">What’s a Salaried Employee?</h2>
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<p style="text-align: justify;">When someone is compensated with a salary, they&#8217;re paid the same amount during each pay period regardless of the amount of work that they complete. The same can be said about the total number of hours they work.</p>
<p style="text-align: justify;">For example, let’s assume that an employee has a monthly salary of $4000. You are obligated to pay them this amount regardless if they work 40 hours per week or 80 hours per week. <a href="https://newsforpublic.com/simplifying-employee-payroll-process/">Salaried employees</a> are great for businesses that tend to have a high volume of work, as your employees will more than likely always be working full-time.</p>
<p style="text-align: justify;">Offering a salary is also an enticing attribute that professionals look for when seeking a job. Salary positions are often seen as more dignified, and as a result, look better on a resume. So, keep this in mind if you’re having trouble hiring employees.</p>
<h2 style="text-align: justify;">What’s an Hourly Employee?</h2>
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<p style="text-align: justify;">As the name suggests, an hourly employee is compensated according to the number of hours they work. So, someone who is paid $10 an hour would be entitled to $400 for working a typical 40-hour week.</p>
<p style="text-align: justify;">If your business has certain positions that only require a few hours of work per week, it makes more sense to hire an hourly employee for these obligations. Otherwise, you would be paying them a full salary even though they are working part-time.</p>
<p style="text-align: justify;">Although hourly positions aren&#8217;t quite as revered as those that offer a salary, there are plenty of companies out there that offer competitive hourly wages. In the right field, your part-time hourly compensation could be more than somebody else’s salary in a different industry.</p>
<h2>Salaried Employees vs. Hourly: Which Is Better?</h2>
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<p style="text-align: justify;">The answer here depends on the needs of your business. If you have a high workload and have a large enough budget to offer your employees a competitive salary, this is typically the way to go.</p>
<p style="text-align: justify;">In contrast, hiring hourly employees will likely be your best option if you don’t have enough full-time work. The same can be said about unskilled labor and entry positions.</p>
<p style="text-align: justify;">Regardless of which option you choose, don&#8217;t forget to <a href="https://www.paystubcreator.net/" target="_blank" rel="noopener">make check stubs and share with your employees</a>. This will help ensure that all of your accounting information is kept in order.</p>
<p style="text-align: justify;"><strong>It&#8217;s up to You!</strong></p>
<p style="text-align: justify;">It might seem like a difficult concept, but the above information will help you make a decision. From here, you’ll be able to ensure that you can discern whether hourly or salaried employees are best for your business.</p>
<p style="text-align: justify;">Want to learn more info you should keep in mind? Be sure to explore what the rest of our blog has to offer.</p>

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