The Best Way to Process Payroll [Updated for 2020]


Payroll is one of the most important processes to handle correctly. Learn to Process Payroll Efficiently and Legally. We’ve created a comprehensive 5-part payroll processing guide to help you. How Payroll Processing Works. Best Practices For Processing Payroll.

Outing Outsourcing and the Gig Economy

Compensation Cafe

The accelerating trend towards reducing payrolls by replacing employees with outside contractors threatens our livelihoods. . Employee pay is replaced by a clear cost expense item without any burden rate, no taxes to deduct and no imprecision for overtime, commissions, bonus, or variable cash awards. No complicated benefit selections, no individualized payroll deductions.


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Merit Deserves More than Mere Money

Compensation Cafe

This is an excellent time to expand your thinking beyond the limited boundaries of payroll budgets. It does seem impossible to achieve a credible pay for performance (merit) system with lean payroll budgets constrained by low increase authorizations. Money is not the only reward available to serve your compensation program. You can't rely on cash alone, anyway, in these times.

Cafe Classic: ESPPs are a Dessert Topping and a Floor Wax

Compensation Cafe

They work well when managed by payroll, human resources or a dedicated stock administrator. How many incentive programs allow participants to directly choose their level of engagement? While we are giving 3% merit increases, we are also cutting other forms of equity compensation and competing in an aggressive talent market. Benefits & Perquisites Compensation Communication Incentives/Bonuses Stock/Equity Compensation Total Rewards

The Misallocation Dilemma

Compensation Cafe

Government routinely cost-shifts social benefit expenses into employer payroll burden. When everyone competes for a piece of a scarce resource like employment income, the distribution allocation might be expected to follow some academic formula. Meanwhile, we who frequent this corner of the total rewards world tend to obsess about the many challenges we face dealing with all the complexity we find behind wages, salaries, bonuses stock options and fringe benefits.

5 Ways To Recognize Employees in the Transportation & Logistics Industry


Companies need creative solutions to find the next generation of drivers: · Referrals: One of the best ways to find great drivers is to ask the great drivers on your payroll. Recognition programs may include referral bonuses or non-monetary compensation such as priority for in-demand routes.

Attract Top Candidates With the Pay and Benefits They Actually Want


When placed next to a Fortune 500 company, one can’t help but ask, “How can David compete with Goliath?”. To even the playing field between small business Davids and corporate Goliaths, TSheets and QuickBooks Payroll sought out what employees want from a pay and benefits package, to learn how small businesses can best compete for top talent. Employees rank flexible schedules as highest workplace incentives.

Attract And Manage Top Talent In Your Small Business


How do you compete with the big guys who can offer larger salaries? Maybe you don’t have the ability to woo talent with big signing bonuses and salaries. Implement a bonus structure in addition to annual compensation to attract and incentive your employees. Offering quarterly or semi-annual bonuses based on results or key performance indicators can be an alluring benefit.

Developer Job Offer Letter template


It’s common for companies to compete for tech talent. Bonus: [ If applicable, mention any bonus options you offer, e.g. $X sign-on bonus.]. Bonus potential. The Company will pay you a starting salary at the rate of $[ Gross annual salary ] per year, payable in accordance with the Company’s standard payroll schedule, beginning [ start day ] and you will receive your first pay on [ date. Bonus potential.

Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]


We love competing with greatness! What’s Wrong With Retention Bonuses? Payroll. Employee Incentive Programs: Designing the Best Program. 6 Non-Monetary Incentives & Rewards to Boost Employee Motivation. 10 Non-Monetary Incentives to Reward Staff. Payroll.

SMB News Weekly Rundown


economy adds 742,000 private payroll jobs in April. economy adds 742,000 private payroll jobs in April. economy added just under 750,000 private payroll jobs in April, posting the largest gain since September of last year, though falling short of many analysts’ expectations.

The Startup Hiring Guide: Hiring for rapid growth from 5 to 50


Competing for outstanding candidates with the likes of Google, Facebook and Twitter might seem like a losing proposition but it’s not. PRO TIP: FullContact ’s paid-paid vacation initiative offers holiday bonuses to staff who go completely off the grid.