Employee

As an employee, it is of utmost importance for both you and your company the clarity and transparency with which payroll processes are carried out while you are working for it since your performance and performance depends on it in order to achieve the best possible results.

That is why this guide can be very useful for you to understand more easily the advantages offered by your payroll.

401(k):

A 401(k) plan is an employer-sponsored retirement plan. If you are eligible for this type of plan, your employer contributes a portion of your cash compensation to the plan before taxes are withheld. Your contributions to your 401(k) plan and any investment income are tax-deferred.

Key takeaways:

You pay taxes until you begin to withdraw your savings from the account during retirement.

As an employee, you are also responsible for choosing specific investments within your 401(k) accounts from a selection offered by your company.

The maximum amount you can contribute to your 401(k) plan is adjusted periodically to account for inflation.

PTO

As an employee, you are entitled to paid time off (PTO).

Time for oneself: whether for rest, distraction, or renewal, PTO is a human resources management policy that provides employees with a certain amount of accrued hours that can be used for any purpose. These hours continue to be paid even if the employee is not working.

>> PTO includes paid vacation, sick leave, holidays, and personal time. <<

How to plan the PTO?

Having PTO is indispensable for any employee as it provides motivation in their return to work, rest, and even a good mood, creating a good working environment. Planning is the key to having a peaceful and carefree PTO.

Be cautious

Check your calendar to see which days you want or need to have your PTO to avoid scheduling meetings or pending issues later.
Planning backwards can give you more clarity on priorities.
It is also useful to work well in advance of any pending issues you may have before the indicated date or to delegate work.

Choose who to go to

In your absence, you need to have someone in the workplace who can respond in your place if necessary. Whether it's a co-worker, your assistant, or your boss, that person needs to know what you're doing on those days so they can act in your place.

Plan for upcoming meetings

To avoid a new workload getting in your hands on the days you plan to be away, it is advisable to stop meetings the week before your PTO. This way it is more likely that you will be able to finish your pending tasks and projects before you leave.

Time cards and reports

The time card is a very useful method that is used to record the entries and exits of employees in the company so that there is greater control over the movements that are made within the company, and then proceed to the payment of the payroll.

Benefits:

Improves punctuality

Having a time card helps you arrive on time to the place of work and start the day productively.

You work the right hours

By keeping track of the time you spend inside your workplace from the time you arrive until the time you leave, you can know exactly how many hours you worked and, therefore, how much pay you are entitled to.

Increase your value as an employee

Your work becomes more efficient, more productive, and more committed.

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