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What NJ Employers Need to Know About Employee Salaries in 2020

January 20, 2020 | posted by Abacus Payroll
As a business owner, recruiting, interviewing and hiring new employees is nothing new. However, new state legislation may very well impact your hiring process—and the penalties of not abiding are costly. In an effort to strengthen equal pay protections for Garden State workers, two bills have gone into effect: 2018’s New Jersey’s Equal Pay Act […]
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Considering Employee Raises? Review These Ideas

December 16, 2019 | posted by Abacus Payroll
Deciding how to administer employee raises can perplex even the most seasoned managers. How often should raises be given? Should they be given across the board to all workers? If staff turnover is increasing, can you turn back the tide by granting raises to the most productive workers? There’s a lot to consider. As you […]
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2020’s HR Landscape for New Jersey Employers

September 19, 2019 | posted by Abacus Payroll
The coming year is set to usher in quite a few large-scale changes for businesses of all sizes in New Jersey, so starting your preparations now will help keep your workplace compliant and employee-friendly. Here is a round-up of the main things for which you’ll want to update your HR section come 2020.   New […]
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Make Setting Salaries Easier With These 5 Steps

August 8, 2019 | posted by Abacus Payroll
Whether you are hiring for the first time, filling an open position, or conducting annual performance reviews, finding a salary range that attracts and retains valued employees can be a difficult task. Here are some suggestions to help make the process a bit easier for you and your company: 1. Know what your business can […]
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New Jersey’s Minimum Wage Set to Increase to $15 an Hour

February 1, 2019 | posted by Abacus Payroll
On January 31, 2019, New Jersey State Legislature approved legislature proposed by Governor Phil Murphy and state leaders earlier in the month to raise New Jersey’s minimum wage to $15 per hour. While the Governor is expected to sign the bill into law on Monday, February 4, employers will have some time to prepare and adjust […]
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100 Percent Commissions in Your Business

January 31, 2019 | posted by Abacus Payroll
Commission work is still widely questioned from an ethical standpoint, and employing workers on a 100 percent commissions basis carries a heavy stigma. Here’s what you need to know to keep your commission-based business compliant, ethical, and successful. Defining Commissions Before you delve into your payroll, make sure that your business fits the parameters of […]
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Equal Pay for Equal Work: New Jersey’s Gender Pay Gap Solution

June 25, 2018 | posted by Abacus Payroll
New Jersey Equal Pay Act Signed Into Law. In addition to the state’s new Paid Sick Leave law, there’s another significant change coming to New Jersey’s employment law landscape: As of July 1, 2018, New Jersey businesses will be required to provide proof that women receive the same pay for work equal to that performed by […]
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Adding Your Children to Payroll

May 9, 2017 | posted by Abacus Payroll
Adding Your Children to your Business Payroll
Have you considered hiring your own children to help manage or add support to your small business? From farms and agriculture businesses to family restaurants and corners shops, children can gain experience, a sense of responsibility, and a little extra cash by joining in on a business for a few hours each week. From a […]
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Preparing Your Business for a Minimum Wage Hike

November 8, 2016 | posted by Abacus Payroll
Abacus Payroll Preparing for Minimum wage increases
Labor is an employer’s greatest expense, so when a proposal to raise minimum wage comes up, it can be very stressful. Fortunately, the end ramifications of a minimum wage increase aren’t as severe as you might think—and there are plenty of steps you can take to ensure your company is ready for the change. Here […]
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Establishing a Pay or Salary Raise Budget for Your Business

June 1, 2016 | posted by Abacus Payroll
payroll success setting a pay raise budget
Whether you need to plan employee raises in order to comply with the new overtime rules, or if implementing annual salary increases is part of your company’s compensation package, the following will advise you to think strategically about these higher labor costs your business is expecting to incur.   After a year of successful business […]
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