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Productive and non-productive payroll earnings

Productive and non-productive payroll earnings

Finance
Payroll systems use different paycodes so that hours are classified differently based on how salaries are earned or paid. The reason to identify the type of hours paid in payroll is three-fold: to pay hours at a different rate, to keep time used against a paid time off bank, or to track time for a productivity system Productive Hours for Accounting Purposes Time that is worked is tracked as productive time, that is, when work is produced by employees as a normal course of their job. This can be broken down in separate categories based on the pay rate that is assigned to the employee. The most common pay code is for regular hours, which also could be called normal or standard hours. A person who is assigned a 40 hour work week that shows up, punches in on time and leaves a...
Is business management art or science

Is business management art or science

Business
Business management involves extremely varied scenarios and one standard approach cannot work in all situations. A scientific approach seeks to impart precision to the process of decision-making by using mathematical and statistical tools to analyze available information and make predictions about future. At the same time, managers have to deal with people on several fronts and an "artistic" skill to deploy their insights into the social and political dimensions of each situation can help them achieve desired results. What Are the Management Sciences? Operations Research (OR) has traditionally been described as management science. It uses mathematical techniques like modeling, statistical analysis, digital certificate and mathematical optimization to suggest the best possible sol...
Does Your Business Have Easy Access to Credit?

Does Your Business Have Easy Access to Credit?

Business
Starting your own business will be both one of the most rewarding and complicated things you have ever done. Regardless if it’s an office space, a building for lease, or the basement of your home, you are going to need a location. You will need to make sure you have selected the perfect name for your business that is easy to remember. What are your business needs? Once you have decided on your business’ name and the product or service you have to offer, you need to take a look at the man power which will be needed. Is your business going to be something you can handle on your own for awhile? Will you be in the need of a secretary or assistant? After spending sometime considering the staff you will need, you will also want to focus on your marketing strategy. Will your business web...
Moving to a New Office? Tips That Will Help the Move Go Smoother

Moving to a New Office? Tips That Will Help the Move Go Smoother

Career
Business owners choose to move offices for a number of reasons. A great deal on a new lease could be the motivation. Perhaps it’s a matter of needing more space for the business to grow. When the time comes to think about moving, there are many things you need to address. Here are a few basic tips that will help the move be easier to manage. Start Planning Early Depending on the nature of your business and what it will take to complete the move, it makes sense to talk with an expert in Vicsthemovingmanregina commercial and office moving in Regina sooner rather than later. If possible, settle on the company that will handle the move at least six months in advance. That allows time for representatives to work with your team and develop a plan to ensure the move goes off without a h...
Moving? Essentials That the Right Moving Company Must Provide

Moving? Essentials That the Right Moving Company Must Provide

Business
Did you know that Alberta’s population grew by 0.4% during the first quarter of 2016? Many of those moving to Alberta came from other provinces and countries because of the wonderful opportunities in Calgary.  While some ended up in the city proper, others chose to find homes in the smaller cities and towns in the greater metropolitan area. If you are contemplating a similar move, it pays to find a professional moving company to take care of the details. Here are some of the essential qualities the right movers Airdrie  must possess in order to earn your business. Experience While the company may be new, you want the moving team to have plenty of experience. The right one will employ individuals who know what it takes to ensure your possessions are handled properly from the begin...