Salaried employee is scheduled to be paid incorrec...

AnneGVG · ‎03-18-2018

Salaried employee set-up as per Square: Salaried, non-overtime exempt. Square figured hourly rate based on 40 hour week @ x rate. Upon reviewing payroll preview, looks like Square has employee scheduled for hourly pay. We have employee set-up to clock in each shift because we need to track overtime, if any. Should we not have employee clock-in? If so, how to keep track of OT?

Helen · ‎03-19-2018

Great question @AnneGVG!

The annual salary you enter for an employee is automatically translated into an hourly rate based off of the total amount of hours worked in a given week. Your employee can still clock in and out if you need to track time and OT. If you have any questions about this specific employee please give us a call and ask to speak to a Payroll specialist.

Generally, with Payroll, full-time biweekly salaried employees are generally paid 80 hours each payday, while semimonthly employees receive 86.67 hours. Specifically, full-time salaried employees are compensated for 2,080 work hours yearly. As an employer, to arrive at the hours for a biweekly employee, divide 2,080 by 26 pay periods. To calculate the hours for a semi-monthly employee, divide 2,080 by 24 pay periods.

️ Helen
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AnneGVG · ‎03-19-2018

Thank you for your detailed response. I understand the math. My employee is scheduled to be paid for the hourly rate, despite my setting him up as per Square's instructions as a salaried employee.

AnneGVG · ‎03-19-2018

Paid by Square for only the hours he clocked in for, I should add...NOT his salaried rate. Set up for bi-monthly pay.

Helen · ‎03-20-2018

Thanks for your reply @AnneGVG. I went ahead an escalated this to a Payroll specialist for you and they will reach out to you by email to help you make sure this employee is set up correctly.

Keep an eye out for an email coming soon and thanks for your patience while we investiage!

️ Helen
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AnneGVG · ‎03-20-2018

Thank you, @Helen. I contacted Square payroll directly(via email) after previewing this cycle's payroll and have not heard back.

Helen · ‎03-20-2018

Sorry to hear that! I just checked and the Payroll team just sent you an email. If you have time to check your inbox and reply to them that would be great.

️ Helen
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AnneGVG · ‎03-20-2018

Thanks for your follow-through, @Helen. Happy Spring!

Helen · ‎03-20-2018

You're welcome! 😀🌻

️ Helen
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Salaried employee is scheduled to be paid incorrect amount in payroll preview. Why?