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The answers to 10 frequently asked questions about payroll

Rise

Payroll can be complicated. We answer some of the most common payroll questions so you don’t have to search for answers. . There are a lot of components to consider when it comes to company payroll administration. Related Reading: The Bonus Tax Method: Everything a Payroll Admin Needs to Know. Let’s make it less so.

Payroll 82
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Employee Bonuses 101

Namely

There is a lot to be aware of when it comes to bonuses. There have been cases made for annual, semi-annual , holiday, and even spot bonuses. What do you want bonuses to achieve? Performance bonuses, for example, may be linked to your company’s talent review cycle and reward high-performers.

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight? Payroll is usually one of a company’s biggest expenses – controlling overtime costs can increase profits. Benefits for all.

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

When overtime creeps into your payroll and company culture haphazardly: Your C-suite may see it eating away at profits. Is overtime being used as an incentive or bonus without strategic oversight? Payroll is usually one of a company’s biggest expenses – controlling overtime costs can increase profits.

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Retail Bank Case Study

Decusoft

The client manages a variety of Merit cycles, long-term incentives, equity, and discretionary plans. The bank had multiple concerns that Decusoft identified to be addressed: Quarterly Merit cycles, annual component-based Bonus, Long-Term Incentive plans, and equity plans. Download PDF. Decentralized approval processes.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? Act, such as adapting payroll and record-keeping systems. .: employer-sponsored 401(k) plans. The SECURE 2.0

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How to handle compensation during uncertain times

Insperity

From the employee perspective, pay freezes are usually preferable to reductions in regular wages or interruptions to payroll. Adjustment of annual incentives or targets. You have the option to end bonuses that employees can earn – usually on a quarterly, semiannual or annual basis – for meeting predetermined performance criteria.