When working with part-time employees, here are ways to make sure they receive fair employee compensation:
Provide fair compensation. When determining the salary or hourly wage of your part-time hire, start with the amount of money you'd pay workers to do this position full-time. For example, if your part-time worker will work 20 hours per week, offer them 50% of the hypothetical full-time worker's salary. Don't shortchange workers financially just because they work fewer hours per week.
Offer similar benefits as full-time workers. If you offer health insurance, an educational stipend, or a retirement benefit, to full-time workers, it's generous to offer this to part-time workers as well, even though it's not required by law. If you choose to offer these benefits, it's okay for part-time workers to pay more to use them. It's okay to have a part-time worker, for example, pay a higher out-of-pocket cost to be on the company's health plan.
Making part-time employees feel valuable is important to keeping them on the payroll. No one should feel as though they are being mistreated. If you need help with running payroll, contact us today!