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2- Defining Payroll Systems At the heart of financial management lies Payroll Systems, which is dedicated to the accurate calculation and timely disbursement of employeecompensation. If it’s outside the normal workday, you pay 1.26 times the regular pay; for night shifts or Fridays, double this amount.
There’s a delicate balance between offering the bare minimum for coverage vs. giving employees a little extra—if an employer falls short, current and potential new employees have a good chance of going elsewhere. What percentage of total compensation is benefits? Click To Tweet. per hour worked in March 2018.
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