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How Does Payroll Processing Work?

Paycor

Processing payroll is one of the most important, but time-consuming and frustrating tasks businesses face. Here’s what’s included: Step 1 – Employee Information Gathering. Human resource managers start by collecting some or all of the following employee information: W-4.

9 FMLA record keeping requirements employers need to know

HR Morning

When an employee goes on FMLA leave, it can pay to double-check that your FMLA record keeping processes are up to snuff, should your FMLA administration/processes ever be called into question. . The records must contain basic payroll and other data detailing the employee’s compensation.

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Cafe Classic: If I Shred It, Will I Dread It?

Compensation Cafe

on document retention. Are your personnel and payroll files bursting at the seams? Are you ready to oil up the shredder and start turning old payroll records into compost , biofuel , or fodder for a practical joke ? .

ERISA Record Retention Requirements In Plain English

ForUsAll

The Employee Retirement Income Security Act of 1974 requires that you retain important plan documentation. ERISA requires you to retain plan documents and employee benefit plan information for a few good reasons: Being Ready for Audits. Fiduciary Plan Documents.

Make Your HRIS Work for You!

HRchitect

Many companies turn to an HRIS for a couple of fundamental reasons – they need a place to store their employee information and a way to process payroll. However, there are many other ways that you can make your HRIS work for you, and provide strategic value to both the employee and employer. Systems can provide a location/field for an employee or employer to upload their educational data, including level of education and degrees obtained.

Mastering Tough FMLA Issues: Effectively Managing FMLA Investigations by the DOL

HR Daily Advisor

In the last installment , we focused on employees who do not have job restoration rights once they return from leave. For employers, this means that if the DOL comes on-site, employers can expect an FMLA check, document requests, and DOL interviews of supervisors and employees.

Employee records retention: we have to keep them for how long?

Stratus

If you’ve been tasked to create and retain employee records, you know there are varying retention timeframes for each record. Here’s a quick at-a-glance chart to help you identify which employee records must be retained for how long. 1 year after creation of document or hire/no-hire decision is made, whichever is later. For current employees, keep for 1 year after terminated. Employee I-9 Form: Form I-9 and any accompanying ID documents.

What is an HRIS? An HR Practitioner’s Guide

Analytics in HR

HRIS certification. The HRIS is a system that is used to collect and store data on an organization’s employees. Benefits of an HRIS. Using an HRIS has a number of clear benefits. Having all this information in one place not only benefits accuracy but also saves time.

Employee Onboarding Best Practices: A Technology Perspective

EmployeeConnect

The employee onboarding process is no longer used just for administrative issues. It’s true that advanced software and automated technologies eliminate duplicate entries and streamline employee onboarding, but that’s just the beginning of the array of business and employee benefits that onboarding technology can deliver for your business or HR department. Astute employees can quickly spot whether anything is missing or seems inappropriate for their positions.

Plan Sponsors Using Limited-Scope Audits Should Watch for Proposed Changes

HR Daily Advisor

The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) recently issued a proposed Statement on Auditing Standards (SAS) that will affect all independent qualified public audits of employee benefit plans, especially limited-scope audits.

Did You Know: The DOL Audits Health Plans

HR Daily Advisor

These plans have provisions that are regulated under both the Affordable Care Act (ACA) and the Employee Retirement Income Security Act (ERISA)—putting these types of plans squarely in DOL’s purview. DOL’s Employee Benefits Security Administration (EBSA) handles enforcement.

Top 5 HCM software tips to benefit your business

Insperity

These were the predecessors to the more robust, feature-rich HCM platforms, storing primarily essential data such as employee, benefits and payroll information. It provides a central point of access for not only storing employee records and processing payroll, but also managing benefits, time and attendance, performance reviews and much more. Onboarding and benefits enrollment information for new employees. Employee records and payroll data.

Understanding FMLA Rules for Employers

Paycor

Federal FMLA provides eligible employees of a covered employer with unpaid leave for four specific family and medical reasons. For an employee’s own serious health condition that has a negative impact on job performance. What is a “covered employer” and an “eligible employee”.

Leverage More ERP Sales with HCM Integration

InfinityHR

Business owners and leadership stakeholders love the functionality of these systems because it allows them and their employees to focus on more meaningful projects for the company. Payroll Processing. Comprehensive HCM solutions include the following components: Payroll Processing.

Human Resources a Mess? Here’s How to Get Organized

Insperity

Basic systems, called HRIS (Human Resources Information Systems) or HRMS (Human Resources Management Systems) store essential data such as employee, benefits and payroll information. New employee enrollment information. Benefits management and open enrollment information. Certifications or renewals needed or earned. Company documents such as employee handbooks , emergency procedures and announcements.

The Types of Employment: A Quick Reference Guide

Zenefits

Worker classifications determine, among other criteria, which workers are entitled to overtime pay and benefits, how workers are managed, compensated, and taxed, and whether certain classifications are protected under the law. This guide divides workers into two broad categories: “employees” and “contingent workers” and lists their subcategories (e.g., Employees and contingent workers are hired and paid for their skills and expertise. Types of Employees.