What Is an Hourly Employee?
An hourly employee is a professional who gets paid a predetermined hourly rate for every hour of work. They receive this hourly pay instead of a fixed periodic salary, like a biweekly paycheck or a weekly paycheck. This means that the pay of hourly employees is not constant and can vary from one pay period to the next, depending on how much they work.
What is the benefit of hiring hourly employees over salaried workers?
The biggest benefit of hiring hourly workers over salaried employees is that you can save on payroll costs if there isn’t much work for your staff to complete. This can be especially beneficial for your business if it experiences significant swings in the number of tasks there are for your team to complete.
Why is it important to track the work hours of hourly employees?
Tracking the work hours of your hourly employees is vital to ensure you can pay them accurately and quickly. You’ll have to not only track your team’s regular work hours but also any overtime work they may end up completing. The latter is especially important, as lots of places around the globe require a different, higher pay rate for overtime work.
How to track the work hours of hourly workers?
The best way to track the work hours of your hourly staff is with the use of automatic time tracking software. Apps like WebWork can help you get accurate tracked time data across your team, which you’ll then be able to use for your payroll calculations. Moreover, you can even simplify your payroll work by using the payroll tracking tools provided by the best time trackers on the market.