4 Signs That It’s Time to Upgrade Your Payroll System

Ultimate Software

From the top down, a payroll system can appear to be a fairly straightforward process. But that macro-level viewpoint often ignores the intricate nuances of how employees actually experience payroll on a daily basis. An employee’s paycheck is not just the product of a payroll process.

An Australian Guide to Small-Team Payroll

Get Hppy

If you are currently setting up or are looking to set up a business in Australia with only a few employees, then it is best to start with good information about payroll processes. Let’s explore what payroll processes and guidelines look like for businesses with four or fewer employees.

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How to Be More Efficient At Your Payroll Job

HR Digest

Payroll job refers to the administration of employees’ financial records including salaries, wages, bonuses, deductions, and net pay. Payroll job can be a daunting process, especially for those small businesses managers that may decide to complete the task in-house. Companies are always looking for ways to streamline this responsibility to make it easier for payroll officers. Always verify your payroll to make sure it complies with the updated tax laws.

The Future of Payroll: 7 Trends to Watch

CakeHR

In most cases, the penalties are for payroll errors. This is why finding a way to optimize the payroll process and reduce any mistakes is essential. employees – or 54% of the American workforce – are affected by payroll problems. Embracing Payroll Automation is Vital.

Charting Your Course Through Changing Regulations

Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group

The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.

How Payroll Contributes to Company Culture

Achievers

This is payroll. Payroll may not be the obvious contributor, but it is nonetheless crucial in playing a vital role for employee engagement in company culture. Here’s how payroll directly contributes to a positive company culture. It’s Compensation.

Who Cares About Compensation?

Compensation Cafe

What if you worked in an organization where the Head of Human Resources didn't view the Compensation function as vitally important to the organization? Though I wasn't in a leadership role at that point the lesson learned was telling. So What's Wrong With Compensation?

Shining a Bright Light on Shadow Payroll

Immedis

Recently, I presented a webinar with the GPMI on the topic of Shadow Payroll. It was surprising how many payroll professionals registered and attended on the day. Last month I found myself in a conversation with a manager of US payroll in a well-known international company.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison talks about Compensation. Compensation is one of the key culture-definers for organizations. As analytics become more widely used in HR, I’d like to share a few ways you can use a people strategy platform to make better compensation decisions: 1.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Managing Compensation Costs.

Should Employees Have to Payback Payroll Errors?

The Tim Sackett Project

Here’s her question: This really isn’t a staffing agency question, which Kristna knows, but this was the specific example, it’s a payroll and employee relations issue that happens at all organizations, big, small, public, private, etc.

Nuances of Nonprofit Compensation: 2017 Compensation Best Practices

Compensation Today

In a prior life, I did compensation and HR for a nonprofit. As a grantmaking foundation, if we didn’t have cash, not only could we not pay our operating and payroll expenses, we couldn’t do our core work. Our programmatic staff were at the heart of the organization.

How Executive Compensation is Different from Other Compensation

HR Daily Advisor

Executive compensation differs quite a lot from other forms of compensation, and the thought process that goes into setting it must differ accordingly. Ways Executive Compensation is Unique. Setting executive compensation levels can be a complex task.

4 things to do at the American Payroll Congress

Ceridian

One of the most important objectives for any HR department is that of payroll processing. At the end of the day, it’s always a key goal to make sure everyone in the office is compensated in the full amount and in a timely fashion. Human Capital Management #PayCon american payroll congress APA HCM human capital management Human resources payroll

3 Outcomes Only the Best Compensation Management Software Can Achieve

HRsoft

To design an effective compensation plan, you must manage a complex set of variables. It’s no wonder the role of compensation and benefits professionals is so complex. The best compensation management tools are built with the ability to interface and align with your existing systems.

Payroll Tax Deduction Rates Remain Unchanged

HRWatchdog

Employers must make certain payroll tax deductions. The Social Security withholding rate is unchanged for 2016 and remains at 6.2 percent Medicare tax rate — also remains unchanged at 7.65 Compensation payroll taxes social security

3 Reasons Why Shadow Payroll is a Must

Global Upside

If yes, then besides arranging visa and managing the required documentation, you also need to take care of some the complex areas like shadow payroll. Shadow payroll is a concept where employees, working in a foreign country get paid by their home or host country. However, either way the employer is responsible for the payroll tax compliance in the host country. How Shadow Payroll Works. Here are the three major reasons why managing shadow payroll is essential.

How to structure employee compensation

Workable

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Determine the form of your employee compensation structure.

Man vs Machine: Payroll Mistakes Outside of the Cloud

Ceridian

There’s no easy way to say it: when humans get involved, sometimes payroll mistakes get made. In this case, an administrator would be forced to retroactively adjust the most recent payroll and then remember to account for the employee’s extra pay in the next payroll.

Growing a Healthy Compensation Program

Compensation Cafe

Nonetheless, consultants and researchers will tell you that there are some predictable similarities between the reward challenges of companies that are the same size and/or at the same stage of development. I will cover the first three sizes in the series and leave it at that.

7 Common Payroll Mistakes – And How To Avoid Them

FingerCheck

But that process, better known as payroll , is made up of many moving parts, that if even one minor detail is overlooked, it could spell big trouble. From filing all necessary government forms to paying taxes on time, payroll can be challenging. PAYROLL MISTAKE #1 – MISSING DEADLINES.

A quick and easy small business guide to workers’ compensation

Tsheets

Workers’ compensation (workers’ comp) is a form of accident insurance paid by employers … If you’re injured on the job or acquire a work-related illness, workers’ comp will pay your medical expenses.” per $100 of payroll?,”

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

5 Key Elements to Look for in a Payroll Platform

Hireology

Payroll and related costs can make up 50 percent – or more – of total business costs, so it’s critical to ensure you’re partnering with the right payroll platform to avoid costly errors and drive efficiency across your business. .

Beware Daylight Saving Compensation Pitfalls

HR Daily Advisor

When we turn our clocks back this weekend, employers need to be aware of the effect that the end of daylight saving time (DST) has on payroll. For states and municipalities participating in DST, the change happens at 2 a.m. Compensation DST employees hours of work overtime

4 tips for managing payroll accurately

Sage HRMS

The recent American Payroll Association “Getting Paid In America ” survey revealed that 92 % of American employees are confident that their paychecks are accurate every pay period. Payroll mistakes can lead to complex issues beyond employee compensation and can be very costly for your company.

What is Compensation Leadership?

Compensation Cafe

And how you can improve at this desirable skill set. And to that person looking back at you from your mirror? forward from Point A to Point B, can you remain at Point A (essentially treading water, administering the routine, leaving programs on automatic pilot, etc.)

10 Payroll Tips You Should Know

Namely

Staying on top of payroll can be a time-consuming and stressful process. Especially if you take care of your payroll in-house, it can quickly become a nightmare for business owners. Here are 10 tips and tricks to take the hassle out of managing payroll: 1. Payroll

Our Most Common Employee Compensation and Payroll Questions

Zenefits

Our HR professionals get a lot of payroll questions. To help run your business smoothly and foster good relationships with your employees, here are the most common questions our HR advisors hear about payroll and employee compensation. Payroll

Payroll Tax Deduction Rates Will Rise in 2018

HRWatchdog

The Social Security withholding rate is unchanged for 2018 and remains at 6.2 percent Medicare tax rate — also remains unchanged at 7.65 The post Payroll Tax Deduction Rates Will Rise in 2018 appeared first on HRWatchdog by Gail Cecchettini Whaley.

Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. For these organizations, hiring a nonprofit compensation consultant is the best choice. Nonprofit compensation consulting services FAQ. Compensation

Build a Philosophical Foundation for Your Compensation Program

HR Daily Advisor

Does your compensation program have a solid foundation? It does if you took the time and made the effort to develop a compensation philosophy. Compensation Philosophy as a Tool. When shared with managers and employees, it answers the “why” about compensation programs.

Workday Elevate London: Exploring the Future of Payroll

Workday

Payroll is one of an employer’s most important activities, and for some companies one of their largest costs. However, years of complex system integrations and incremental technologies have led to payroll processes that are often inefficient and hugely labour-intensive. At Workday Elevate London , I sat down with Jason Davenport, chair, Chartered Institute of Payroll Professionals and founder, Calendar Consulting Ltd. Human Resources payroll

Payroll Errors Cost Time, Money, Morale

HR Daily Advisor

Whether you’re just starting out or you’ve been handling payroll for years, Joe Sharpe urges you to heed this warning: Be careful. It isn’t that Sharpe, who prefers the title “Payroll Czar” at his firm Sharp Payroll, Inc.,

The Future of Blockchain in the Payroll Industry

HR Daily Advisor

Blockchain has the potential to disrupt the payroll industry in the next few years, but there is still a lot to learn about how it can and should be used. Paychex’s Frank Fiorille breaks down the basics of blockchain, its uses in the payroll industry, as well as benefits and risks.

Celebrate your payroll pros during National #PayrollWeek!

Ceridian

Everyone loves getting paid, which is just one of the reasons why we at Ceridian are excited to celebrate National Payroll Week (September 5-9). In case you haven’t heard of NPW before, this celebration led by the American Payroll Association kicks off each year on Labor Day, and gives companies the ideal opportunity to thank their payroll department for their amazing efforts to help ensure that paychecks are accurate and on time.

Developing a Compensation Plan, Step 1: Set Pay Philosophy

Compensation Today

This is a lesson from PayScale’s Modern Compensation Planning ecourse. By now, it’s well-accepted that a comprehensive, up-to-date compensation plan is a must for successful business. Unfortunately, putting together a strong compensation plan is no easy task.