Knowing the differences between salary types gives the advantage to employers to better craft their offers to new workforce, to leverage the advantages of these differences to obtain leverage and employee satisfaction, to make the necessary changes if the business needs it and also to keep competitive industry specific salaries.

Regardless of the size of the company, there are always challenges to handle, HR and payroll being part of them too. However, there are strategies and processes that can help navigate them. Working as a small business owner, has its challenges and its rewards at the same time.