The Nowsta Blog

Management tips and labor market insights to help you run your business

New York’s Spread of Hours Law Explained

By Henry Updegrave February 11, 2019

Building a work schedule for your team requires a full understanding of your state’s labor laws, which aren’t always intuitive. New York’s Spread of Hours law is a prime example. While most labor laws focus only on the hours an employee is clocked in for, the Spread of Hours law takes the whole day into account. The law applies only to businesses in the service industry, and says that if the beginning and end of an employee’s workday are more than ten hours apart — including breaks or off-duty hours — you’re required to pay that employee one extra hour’s worth of pay at minimum wage, on top of their total wages for the day.

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Employee Earnings Record: What It Is and How to Use It

By Henry Updegrave February 7, 2019

There’s lots of data to keep track of for all your employees. But virtually none is more important than up-to-date payroll information.

You need to have a record of how many hours your employees have worked, their gross salary, tax withholdings, and all other deductions. Not only will this make it easier for you to pay your taxes and do payroll reconciliation, but it also allows employees to better understand their finances.

You track this information for each member of your team in an employee earnings record. This article will explain to you what an employee earnings record is, what information it needs to contain, and how you’ll use it.

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Employee Retention Ideas: 5 Difference Makers For Your Staff

By Henry Updegrave February 5, 2019

Employee retention is one of the most important measures of success for any business owner or manager, but also one of the most difficult to achieve. Why is it such a big deal? Research shows that it costs nearly 20% of an hourly employee’s total yearly salary to replace them when they leave, which works out to roughly $4,000 for someone making $10 an hour. Those costs can add up quickly, and get even higher in a tight labor market.

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Business Funding 101: 4 Options for 2019

By Eric Goldschein January 28, 2019

When you’re running your own company, a workable business model, great product, and strong vision are all key to success. But you won’t be able to get off the ground without business funding. The fact is, every small business needs access to money before it can get off the ground: Starting up is expensive, and operating costs can require you to invest a significant amount of money before your company can even open up shop.

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How to Accommodate Part-time Staff with Medical Limitations

By Josh Burnett January 22, 2019

Every employee needs something a little different to do their best work. That was our thesis when we broke part-time employees down into five categories and provided management tips for each, based on Federal Reserve survey data on why people say they work part-time as opposed to full-time. Over a series of posts, we’re going to take a deeper dive into each category and explore how managers can better manage, motivate, and accommodate each type of part-time employee.

In this post, we’re going to cover staff who work part-time due to medical issues.

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Overstaffed: Does Scheduling More Staff Always Mean Better Results?

By Henry Updegrave January 15, 2019

Managers have to strike a difficult balance when building the work schedule. You need to make sure you have enough staff on duty to meet customer demand, but not so many that you overshoot your labor budget or eat into margins. But generally speaking, most would assume that the more employees you have scheduled for a shift, the better the team will perform, since the workload can be spread out across a larger group.

But the research suggests that isn’t always true.

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How to Manage Retirees in Part-time Roles

By Josh Burnett January 10, 2019

Every employee needs something a little different to do their best work. That was our thesis when we broke part-time employees down into five categories and provided management tips for each, based on Federal Reserve survey data on why people say they work part-time as opposed to full-time. Over a series of posts, we’re going to take a deeper dive into each category and explore how managers can better manage, motivate, and accommodate each type of part-time employee.

In this post, we’re going to cover staff who continue to work part-time in retirement.

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12 Business Metrics Caterers Need to Track

By Jeff Ware January 8, 2019

If you’re new to catering, you might think that all you need to succeed is a delicious menu, beautiful event design, and strong planning skills. If you’ve got those, the rest will take care of itself, right?

Not quite.

The reality is that catering is a business like any other. No matter how good your food tastes, your success or failure is going to come down to numbers. And not just revenue and profit either. By the time you’re calculating those, it’s too late -- the events are over, the money is in the bank, and there is nothing you can do to make up for executing an unprofitable event.

But there are other numbers you can track in real time that show you the health of your business and reveal the improvements you can make to increase your bottom line. In this post, I’m going to outline twelve metrics every caterer needs to track across three distinct business categories, with some advice sprinkled in on how to get them trending in the right direction.

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The Dangers of Predatory Business Loans: 8 Warning Signs to Look For

By Eric Goldschein January 3, 2019

Running a small business is stressful enough without worrying that someone will try to take advantage of you in a time of need. Unfortunately, predatory business loans are exactly that: A lender taking advantage of a borrower through unfair or unclear terms and practices.

While small business lending isn’t predatory by nature, there are lenders who structure loans in a way that can cost business owners thousands of extra dollars, if not their entire business.

If you’ve decided that applying for a small business loan is the right decision for your company, it’s crucial that you do your homework and take note of what makes for a good versus bad loan to avoid putting you and your business at risk.

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What is a Payroll Register?

By Henry Updegrave December 31, 2018

Running payroll accurately is table stakes for any business, but it’s also more difficult than new managers and business owners may realize. Between employees’ gross pay, net pay, and the various deductions that make up the difference, there’s a lot of information to keep track of. That’s where your payroll register comes in.

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Helping you become a better manager.