When employers hire a new worker, the cost to bring them on board can be expensive. Although the employee sees his paycheck as the net result of his daily efforts, there are more costs associated to hiring than what meets the eye.
For example, companies must cover a certain portion of taxes, health care and more to keep employees on staff. More than just paying an hourly wage or a flat salary for compensation, employers have obligations to their employees beyond just supplying a paycheck. Because hiring employees is expensive, you need to get the best you can find.
Laws vary by state, but overall based on your definition of full-time or part-time, businesses must meet minimum standards of benefits to compensate employees. The Fair Labor Standards Act (FSLA) does not define full-time employee or part-time employee. What is counted as a full-time employee is generally defined by the employer by policy. The definition of a full-time employee is often published in the employee handbook.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
