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Why Should You Outsource Payroll


Using payroll services in Australia might be a great option. This is because this is the one thing that every company and business need to get done. And, this is also one of the hardest things that you can try to manage, especially if you don’t have any payroll experience. Here are some of the most essential reasons why you should outsource your payroll service:

Will have fewer errors done with hiring the service

The one thing that every business owner knows is that with payroll, there is always the risk of some errors. Errors that will ensure that the employees are not getting the right amount of money, or that the business is losing money because too much money was spent on salaries.

However, when you’re going to make sure of payroll services, you will not need to worry about some of these errors. The personnel at the payroll services are experienced and know exactly how to do the payroll. There will be less chance of any errors slipping through when they are doing your payroll at the end of each month. Find out more information in this site : payrollserviceaustralia.com.au

Will have expertise of experienced and qualified people

Another important and vital benefit when you’re using payroll services in Australia is the fact that you’re going to have the expertise of these personnel, that is something that you won’t get from just hiring anyone to work in the business and doing the payroll.

They will be able to give you important advice when you’re in need of it, and they will make sure that you can go to them, when you might have any questions about the payroll and the services that they provide. This is one of the reasons why most businesses should make use of these payroll services.

Reduce some of the risks that payroll can have

When you or someone with less experience is doing the business’s payroll, there are always some risks involved. Risks where people are asking for more overtime than what they have worked for; or even paying the administrative officer for giving them more salary than agreed in their contracts. Check here.

This really happens in some businesses, and it can be prevented to outsource the payroll to an experienced payroll service in Australia. This will reduce the risks and will ensure that all your workers are getting paid for the time that they really worked.

Save time and money

The business will even save some time and money when they are outsourcing the payroll services to a payroll service in Australia. This is because the business doesn’t need to have updated payroll software and a qualified administrative person to manage the payroll at the end of each month.

There are so many reasons on why you and your business should outsource the payroll to another company. You will have peace of mind that the payroll is handled by someone with experience and that will not provide much error. It is always best for any company or business to outsource their payroll to a payroll service in Australia.


 

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Why Payroll Is One Function You Should Outsource

 

Business experts have since a long time ago supported payroll outsourcing a non-center capacities. A non-center capacity is one that is not a benefit focus which means that you don’t charge clients for payrollserviceaustralia.com.au. A non-center capacity might be fundamental for payroll outsourcing, but doesn’t differentiate your business deliberately from contenders. In many organizations, managerial and back-office exercises, for example, finance are non-center capacities. All things considered, they are potential possibility for outsourcing with payrollserviceaustralia.com.au.

The basic capacity

Finance is one of those basic capacities that may not specifically build deals. But did ineffectively, it can put your business in a lot of pain. What’s more, the vast majority of whatever, it can sap inward time and consideration far from center exercises. Organizations need to conform to an extensive variety of laws with regards to representatives of payroll services Australia from government, to state and nearby. It requires extensive investment and tender loving care to manage them.

The lawful necessities

There are the undeniable lawful necessities, for example, charge reporting and settlement. There are prerequisites around withholding charges from the representative’s pay, furthermore ascertaining the business’ segment of assessments. Now and again there are electronic documenting prerequisites. You have to additionally know when to document at the government, state and neighborhood levels of payroll services Australia.

Charges, however, are only the start. As a business, you additionally need to comprehend wage and hour laws. For instance, you have to know when you are required to pay extra time as sais by a vice president of Paychex, in a late meeting with small business Trends.

Businesses need to manage just about so many governments, state and nearby burdened wards over the United States. While most small business won’t need to conform to each of those wards, still it focuses to the intricacy of the laws. These structures will oblige businesses to certify whether they offered full-time representatives the chance to enlist in protection that gives least vital scope.

The new innovation

Pretty much as critical as mastery is new innovation. Managers today depend on innovation to work all the more effectively. As a business develops, managers have more representative records to keep furthermore require all the more reporting. Absence of innovation in payroll services Australia turns into a block to scaling for development of the business.

Workers likewise expect innovation. Workers today need choices like direct store and self-services access to their finance data on the web. Businesses that aren’t ready to give such alternatives might be at a focused drawback. On top of that, the blast of cell phone use is introducing another level of innovation desire. Portable use is still incipient with regards to finance, but it’s developing at a fast rate at payroll services Australia.

Utilization by mangers

Managers are utilizing cell phones to take a gander at specific reports and turn upward data, for example, the amount of cash they need in the bank on finance dates, he noted. Representatives additionally are starting to utilize versatile applications to check their own particular records. See more .

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4 Kinds of Payroll Fraud That Could Destroy Your Business

Many businesses hire payroll services to manage their payments and ensure that their employees get their paycheques on time and avoid any complications. There are many benefits to having a payroll service as it avoids mistakes, programs payments to make it on time which reduces the need to follow up on missed cheques and delayed payments. However, just like in anything else, there is always room for error and for things to fall off the plan. Frauds, mistakes, and technical problems are not impossible and hence one should always be careful. Watch for these 4 kinds of payroll fraud that could destroy your business.

Payroll Fraud

This refers to the possibility of paying more money for employees than they should be earning because of an error in the timesheets recordings. This is not necessarily a very common issue but it does happen whenever the switch to reconcile timesheets and payrolls does not take place at the time of the initial install of a payroll system. Regular follow up is also important especially when the company is too big and releasing large six digits figures in salaries it becomes very difficult to notice smaller discrepancies even when they are of a few thousand dollars.

Stealing

Whenever a company decides to use payroll services, the issue of stealing is not usually their main concern as companies are usually respectable and hire reliable and trustworthy accountants. However, one never knows what to expect from individual accountants and the chance is always there. An easy trick in which an accountant can funnel money outside the company and into their own pockets is by writing out cheques to themselves and logging under another name they just wrote a cheque for making much more difficult to track the errors.

Ghost employees

Another way apayroll fraud can occur is when an employee usually the accountant, starts writing out cheques for a “ghost employee” someone who does not exist in order to get the money themselves. This is a common type of fraud and occurs whenever the company is not monitoring seriously its money going in and out.

Worker misclassification fraud

As you may learn from reading, payroll service australia, this type of fraud is more or less the responsibility of the workplace administration. It occurs when they misclassify some of their employees as contractors for example to avoid paying them additional benefits and save on taxes and get some financial breaks. This leaves employees with less paid hours and far less benefits which bothers them and makes them think that they are being treated unfairly. This is why some start stealing money to compensate.

It is very important to be aware of all types of payroll frauds and how they occur in order to keep attention and be able to see if they are actually happening. To learn more and make sure that you are protecting yourself and your company it is important to remain informed. Check payrollserviceaustralia.com.au for more information about how to identify fraud and make sure you address it.

Find out more informations here: http://www.forbes.com/sites/matthewgarrett/2013/09/10/payroll-fraud-a-big-threat-and-how-to-avoid-it/

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Payroll Outsourcing: The Pros and Cons

As an unreasonable cost of doing business, payroll services must be all around oversaw whether it’s kept up inside or outsourced. Contracting an outside firm to handle pay may be particularly troublesome for little organizations on the grounds that payroll is a sizable part of their financial plan. Regardless, choosing whether to homestead out the methodology requires cautious assessment of the advantages and dangers.

Convenience

Outsourcing payroll servicespermit organizations to concentrate on their center business. Going along to an outsider such data as workers’ work hours, pay rates and compensation reasoning’s can be a helpful approach to oversee a remuneration and advantages program and track payroll costs.

Professionalism

When you don’t have the right stuff or a prepared proficient on staff to handle payroll, outsourcing may be an insightful choice. Payroll firms ordinarily offer administrations that cover wages, additional time pay, rewards, commissions and different manifestations of pay. They additionally handle advantages, annuity and retirement funds projects, and expenses. Fewer entrepreneurs who feel tested by incessant payroll expense changes, documenting W-2 structures, making direct-store installments on time and staying informed regarding contract-work recording structures often turn to outsider payroll experts for help. Experienced, solid firms build their administrations with respect to the best practices in the business. Outsider firms are likely agreeable with the current government and state payroll laws.

Cost

Outsourcing payroll is, by and large, 50 percent of the expense of taking care of it in-house, particularly for little organizations. Organizations that outsource regularly spare cash by not needing to contract a payroll expert or IT proficient. Notwithstanding, if outsourcing your payroll isn’t going to cost altogether not as much as employing an accountant or agent – enough to see genuine expense funds – keeping payroll inward may be less expensive. A little business, on a little plan, could wind up paying as much as a huge organization would to outsource its payroll. More details in this link: http://fr.slideshare.net/ADP_ANZ/adp-infographic-oncostofpayrollperemployeemaster

Time Savings with payroll services

The greatest reserve funds from payroll outsourcing may be time instead of cash. Outsourcing payroll can free up HR staff or other people who handle HR assignments, so they can commit to a chance time to enroll, procuring, preparing and other HR capacities.

Loss of Control

Giving over your payroll services to an outsider issue you less control over the monetary data and private information connected with it. Additionally, the information may be less available to your organization on the grounds that it’s put away on the payroll company’s server. Payroll incorporates the most individual and private data accessible on representatives. Keeping up private information inside could display fewer dangers. A payroll firm that doesn’t – or can’t – watch this data leaves your organization helpless against burglary and representative claims.

Untrustworthiness

Organizations can’t direct off-site operations as successfully as those they oversee. Outsourcing payroll raises your danger of contracting with a temperamental firm. Organizations regularly get references from different organizations that outsource payroll before employing a firm. Different organizations exploit free trials from a payroll firm so they can focus its dependability before paying for the payroll services Australia.

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How to Calculate, Pay, Report Payroll Taxes

Payroll Taxes are those taxes you withhold from workers for money charge and FICA, Social Security, Medicare and pay as a superintendent. You must gather these taxes, pay the taxes to the IRS, investigate taxes paid, and document payroll expense reports. How about we begin from the earliest starting point and with the help of payroll services you can get it done easily.

Payroll Taxes

Payroll taxes include:

  • Amounts withheld from worker pay for money, taxes owed by the representatives
  • Amounts withheld from worker pay for government disability and Medicare, which are
  • Matched by sums managers must contribute to government disability and Medicare.

Payroll taxes are called “trust store taxes,” in light of the fact that they are held in trust for the proprietor the IRS and Social Security Administration.

The Responsibility as an Employer for Payroll Taxes

Executives are in charge of according to payroll services

  • Collecting suitable payroll duty archives from representatives at contract and different times
  • Correctly computing payroll taxes and withholding them from worker pay
  • Paying payroll taxes to the IRS and other saddling powers
  • Filing payroll duty reports in an opportune way.

These articles will help you with the work of computing, withholding, paying, and documenting payroll taxes

How Do I Calculate Payroll Tax Deductions?

Your first obligation as an executive is to compute reasoning’s for payroll taxes – government pay charge, FICA, Social Security Medicare taxes, and state pay taxes. This takes you through the procedure of making these counts. Payroll taxes are comprised of Federal and State assessment withholding, Social Security taxes, and Medicare taxes. Ascertaining payroll taxes for workers is an imperative and a vital piece of working a business. In the event that you are a boss or and worker who needs to know how your withholding sum is dead set, seeing how to ascertain payroll taxes is vital.

  • Determine the representative’s gross pay.
  • Find the representative’s Filing Status.
  • Find the quantity of remittances.
  • Multiply the quantity of remittances by the measure of one withholding pay.
  • Subtract the aggregate remittances from the gross pay.

Government disability and Medicare Withholding, this incorporates Determine Social Security withholding and also focus the Medicare withholding. The State and Federal Unemployment Tax this incorporates

  • Understand that these are head honcho paid.
  • Pay your state unemployment impose first.

Ultimately, there is the State Income Tax withholding here you will be discovering the state rules for each of your representatives and Calculate the state charge and always get advice from payroll services in Australia.

How and whenhas Payroll Tax Reports filed with the IRS?

You must document a report every quarter with the IRS on Form 941 – Employer’s Quarterly Federal Tax Return. This arrival shows:

  • The sum you have gathered for money assessment withholding from workers
  • The sum you have gathered for FICA from workers,
  • The aggregate sum owed for FICA counting the managed segment of this expense

You should likewise incorporate the sums you have stored month to month or semi-week by week for these payroll taxes. In the event that your stores are not exactly the sum owed, you must pay the IRS. Structure 941 is complex; take sooner or later to peruse the subtle elements in this it.

How is Payroll Taxes Paid to the IRS?

Payroll taxes are paid to the IRS which circulates the Social Security, Medicare data to the Social Security Administration either by coupon or electronically. In the event that you have a huge payroll then you can happily use the payrollserviceaustralia.com.au.

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Don’t Make That Payroll Processing Mistake!

Managing the Australian income office is a great deal more troublesome at more often than not, as most matter the amount you do you continue running the danger of racking up a fine with the ARA all the same here are to top regular payroll mix-ups ever that you ought to continue evading. This comes up as most business has utilized payroll services like never before.

Not Remitting on Time

With respect to such conclusions, particularly, when you withhold source derivations, you are thought to be by the administration holding that cash in trust for the legislature. It can be difficult to recollect dispatching, particularly in the event that you transmit less regularly than most. On the off chance that you dispatch more as often as possible than consistently, you’ll likewise experience difficulty keeping up and verifying you get all the dates right.

For your settlements, you have to outsource your payroll services. Most payroll services ensure on-time settlements or they’ll pay the fine for you.

Treating Employees like Contractors

Paying builders can be an extraordinary approach to building profit and secure your primary concern. Be that as it may there’s a dim side: treating workers like foremen is an extraordinary approach to owe the RA huge amounts of batter. While you’re truly a representative yet paid-as-a-foreman will need to pay salary charge, you’ll end up on the snare for their (and your) bit of CPP and EI.

Research the contrast in the middle of workers and foremen, and verify that your builders are really builders and hence contact the payroll services Australia for more assistance.

Not Recording Taxable Benefits with the payroll services

The ARA has been investigating assessable advantages as of late in light of the fact that from various perspectives, assessable advantages can be somewhat confounding. First, let’s define a benefit. A benefit is:

  • a repayment of individual costs
  • free utilization of property, products, or services claimed by you
  • a remittance

Anyway, something like an auto remittance, a transport pass repayment, or the utilization of the organization golf truck is all considered advantage? That is simple. The disturbing part is figuring out if or not it is assessable. By and large, you have to focus the estimation of the great or administration being lent or given to its honest quality. For something like a transport pass repayment, it’s self-evident — the expense of the transport passes. At the same time for the utilization of an auto, you’d have to basically figure the estimation of the mileage et cetera.

Utilize an excess of alert when giving assessable advantages, and be completely sure that you’re figuring the genuine estimation of the advantage or benefit, and not simply ball stopping it or you and your worker will pay.

Not Deducting EI or CPP

These ties into past things we’ve discussed, yet overlooking both of these things is an enormous no-no. There are not very many circumstances where you don’t deduct CPP, and maybe even less where you don’t deduct EI. Get the best payroll service to keep you working.

Subjectively Deducting Money

On the off chance that you overpay or under deduct from a worker, that is your mix-up, not theirs. That implies that you may not deduct cash from their pay checks to compensate for any shortfall. More details in our post here: http://www.dcxcapital.com/the-top-six-reasons-why-small-businesses-should-outsource-their-payroll/

Don’t disturb your worker’s cash. You pay them to carry out work and withholding trusts without telling them is equivalent to a wrongdoing. Besides, deducting CPP is your obligation and your worker shouldn’t languish over you dismissing an aspect of your responsibilities. For more perplexing situations where you have to make up lost CPP, avoidance is the best medication; yet do contact a payroll services in case you’re uncertain about what to do.

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The Top Six Reasons Why Small Businesses Should Outsource Their Payroll

It’s so important that small business should keep checking on payroll outsourcing services especially with the many benefits associated with the aspect. In my experience, a small business in Australia is using payroll outsourcing most often for these important reasons. Outsourcing is the act of utilizing outside firms to handle work ordinarily performed inside an organization is a recognizable idea to numerous business visionaries.

Small organizations routinely outsource theirs

  • finance preparing
  • bookkeeping
  • conveyance

There are numerous other essential capacities regularly on the grounds that they have no other decision. Numerous extensive organizations turn to outsourcing to cut expenses. Accordingly, whole businesses have developed to serve organizations’ payroll outsourcing needs.

Free Up Your Time

Finance preparing by hand is a period extending methodology. Outsourcing finance can free up staff time to seek after more essential quality included and income creating exercises. Inc. magazine as of late distinguished the assignment for little business to outsource is finance, alongside most bookkeeping assignments all offered by payroll services.

Control capital expenses; payroll services

Expense cutting may not be the main motivation to outsource, yet it’s positively a central point. Payroll Outsourcing believers altered expenses into variable expenses, discharges capital for investment elsewhere in your business and permits you to stay away from extensive uses in the early phases of your business. Outsourcing can likewise make your firm more appealing to financial specialists since you’re ready to pump more capital specifically into income creating exercises.

Build proficiency

Organizations that do everything themselves have much

  • higher exploration
  • improvement
  • Showcasing
  • conveyance costs

All of which must be gone on to clients. An outside supplier’s expense structure and economy of scale can give your firm an imperative game changer.

Reduce labor costs

Procuring and preparing staff for fleeting or fringe undertakings can be extremely extravagant, and provisional representatives don’t generally experience your desires. Payroll Outsourcing gives you a chance to enter your HR where you require them most.

Start new projects quickly

A decent payroll outsourcing firm has the assets to begin a venture immediately. Taking care of the same venture in-house may include taking weeks or months to contract the right individuals, train them, and give the bolster they require. What’s more, if a task obliges real CAPITAL INVESTMENTS, for example?

  • Constructing a progression of dissemination focuses,
  • the startup methodology can be significantly more troublesome

Concentrate on your core business

Each business has restricted assets, and each director has constrained time and consideration. Outsourcing can help your business to move its center from fringe exercises toward work that serves the client, and it can help supervisors set their needs all the more unmistakable.

Lastly payroll services Australia assisted the small business investment in caring certain risks. Those include market, government regulation, competition, technological changes financial conditions very quickly. Any outsourcing provider assumes and manages all the small business risk. Generally they are better at taking care of the risk in avoiding their areas of expertise.

Find out more informations here: http://smallbiztrends.com/2014/11/outsourcing-payroll-tips.html

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Should I Outsource Payroll or Keep It In-house?

There are numerous factors that determine whether a business will opt for an in-house department or outsource payroll services. It’s important for any company to ensure that risk is minimized with an accurate and professional payroll provider.

There are usually hefty penalties to pay to the IRS for late or incorrect filings. Keeping up with the regulations and maintaining confidentiality at the same time is quite challenging, and one of the main reasons business decide to outsource. These are some of the major factors that business owners consider when faced with the issue of in-house payroll department vs. outsourced payroll provider.

In essence, outsourcing offers the best option since companies get to enjoy many benefits. It’s easier to identify areas that require streamlining and the best practices that will guarantee a swift payroll process this way. Improvement can, therefore, easily be achieved through it. Conversely, the in-house system is not as efficient because you are responsible for everything – complying to changing regulations, keeping records current, paying employees, and much more. Here’s why you should consider outsourcing your payroll and make life easier:

  1. Disaster Recovery

It’s a well-known fact that very few companies have disaster recovery plans in place. Contingency plans are crucial for any organization to continue normal operations when disaster strikes. Good payroll service providers have emergency plans in place to ensure your payroll runs smoothly no matter what.

Plus, in most cases, payroll service providers will be in a different location than your business, which will prevent them from being affected by the same disaster that might affect your business.

  1. Focus on Human Resources

In-house payroll will take a lot of time from the HR department which will deter progress as a result. There are numerous duties to be conducted during payroll which is why outsourcing is the best. When tackling the issue of in-house payroll department vs. outsourced provider, it will clearly emerge that the latter option will leave you with adequate time to allocate to other important tasks.

  1. Technology

When a business outsources payroll, they are able to leverage payroll provider’s latest software and services to make payroll a breeze without an additional expense of having an IT department.

In addition, payroll providers spend more resources on data security than an ordinary business normally would. Making sure that the data is secure and confidential.

  1. Flexibility

Many businesses suffer when they need to process short-term payments to their employees. The process is usually lengthy and can affect normal business operations when handled with an in-house payroll department. Outsourcing payroll will provide flexibility since providers are ready to accept any changes that may crop up while the major calculations are still underway. Nonetheless, confirm this with your service provider before signing the dotted line.

  1. Cost-effective Alternative

Outsourcing anything is always a better way to save money, since you don’t have to hire employees and pay for benefits. This also applies to payroll. When you outsource, you don’t have to have a payroll employee on staff. It eliminates salary and benefits expenses right off the bet. Plus, it also eliminates resources wasted on managing the employee(s), which can be put back into the business to help fight through the turbulent economy.

In summary, when faced with in-house payroll department vs. outsourced payroll provider, get every relevant office in the organization involved. This is a task that needs to be tackled in ample time. This will guarantee continuity and smooth flow of business operations. Although there are always 2 sides of a coin, payroll outsourcing is without doubt the best option here. After all, which organization doesn’t want to benefit from a flawless process of handling payroll that will eliminate any occurrences of getting fined by the IRS?

Are you considering outsourcing payroll for your business? Share your comment and thoughts below.

Find out more tips here: http://www.forbes.com/sites/stephendunn/2011/08/16/tips-for-payroll-outsourcing/#58e43b611a9f

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High School Teacher Salary

A high school teacher usually has a relatively difficult but extremely rewarding job.  Teachers are very good at what they do, which is basically that they shape the minds of our youth.  Sounds impressive, right?  However, high school teachers generally differ from lower education in teachers in that they are less of generalists and are more like college professors in that they focus on a particular subject.  Let’s look into what they have to do:

High School Teacher Education Requirements

High school teachers have to have at the very least a bachelor’s degree to be able to do the job properly.  There are further degrees that they can get, such as a master’s degree in teaching, or school administration, or something along those lines, and generally, the high school teacher salary is significantly better for someone that has a master’s.  But a lot of teachers choose to do these master’s programs after they’ve already taught for a while, because ironically, a master’s degree might make a school less likely to hire you out of the gate simply because they are going to have to pay you more to do more or less the same job (albeit better) than your regular teacher.  Once the teacher gets their bachelor’s degree, they usually have to go back and work as a student teacher for a semester or so, where they basically run and teach another teachers class WITH that teacher, getting instructions and advice from that other teacher.  Student teachers learn how to apply their practical knowledge here, and then they can graduate and say that they will, at the very least, get what’s going on in the classroom when they first start their new job.  Experience is important.

High School Teacher Job Description

High school teachers have to be able to run a classroom and need to still worry about behavioral issues some of the time.  Unlike a college setting, high school teachers still need to be student focused rather than material focused, so at its core, that’s what they are doing.  Once they can keep a classroom under control and enforce certain rules, they can begin to teach.  Most teachers specialize in a certain topic, usually in the fields of math, science, social studies, or English.  Math teachers need to have knowledge of the basic mathematical fields that will be confronted by most high school students, such as geometry, trigonometry, algebra, and calculus.  Social studies teachers need to be familiar with different types of history as well as things like psychology, sociology, and what not.  Then the science teachers will focus on biology, chemistry, physics, all of the basic sciences, while the English teachers will need to know how to teach their students to write properly while also knowing a decent amount about different types of literature.

Then there are the extracurricular teachers, who can teach physical education or art.  Phys. Ed. usually means having a solid knowledge of health, while other classes will focus on certain sports or certain types of sports (like Outdoor Rec., for example).  The art teachers will have to know how to teach different types of arts, like pottery, photography, painting, sculpting, and so on.

High School Teacher Salary

High school teachers are notorious for whining about how little they get paid, but this is kind of misleading.  In fact, the more experienced a teacher gets, the better they get paid, which is ridiculous, because Mr. Reinhardt was like 80 and he bitched about his low pay every single day.  Otherwise, the usual starting salary is around $40,000 a year, going up significantly as you gain more experience and gain the school’s trust.  By the end of your career, you can potentially be making up to double that, and if you get the Master’s, you may make as much as an extra 10 to 20 grand a year.

A high school teacher salary is usually supplemented by excellent benefits and a pension program where the teacher, after working for 30 years, can retire, and can continue to get a pension of 50%-80% of their former salary.  It is really a sweet deal.  And you get the reward of shaping the leaders of tomorrow.