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HubSpot: Hourly vs. Salary Employees: What’s Better for Your Business?
HubSpot just released a new insightful blogpost:
Before hiring the right person for the job, you need to decide how you’ll pay them. Two of the most common ways to pay employees is with a salary or an hourly wage. You’re probably wondering which option is better: the flexibility of an hourly employee or the stability of a salaried one. Of course, the answer is never as straightforward as we’d like. Let’s compare the pros and cons of hourly vs. salary workers, the different laws for each, and what to look for when determining the right fit for your business. What is a salaried employee? A salaried employee earns an annual wage regardless of when they clock in and out. In other words, whether you work 20 hours or 60 hours per week, the number on your paycheck stays the same. To state the obvious, an employee isn’t paid their entire salary on the first day. Instead,…
Read more from the original source: Hourly vs. Salary Employees: What’s Better for Your Business?
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