New Overtime Rule Compliance Strategies

Stratus

Overtime Compliance Strategy #1: Keep existing pay amount, track hours and pay overtime. Overtime Compliance Strategy #2: Reduce current salary amount, track hours, and pay overtime. Overtime Compliance Strategy #3: Raise salary to more than $35,568.

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. This means a good payroll team is necessary to cater to these concerns – benefits, perks and correct compensation is a core responsibility of the payroll team. In fact, a recent survey from found that 49% of American workers will start a new job search after experiencing just two payroll errors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

5 Payroll Management Tools Every HR Needs

HR Digest

For any business, a handy and adequate Payroll software application is a must-have. These payroll apps not only consolidate the multiple payment processes required into one platform but also offer numerous tools for economic and precise payroll functions.

Core components of Payroll | The Actual Payroll Process

Keka HR Blog

Payroll is a financial record of compensation paid to an employee as salaries, wages, bonus, or deduction. Payroll processing is referred to as the administration of an employee’s financial records as well as involves tedious routine work. What is Payroll Processing?

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.

What is Compensation Management: A Complete Guide

Decusoft

Building a robust compensation management plan is critical for organizations in 2021. A well-researched compensation management plan allows you to meet goals around pay equity and other critical factors while retaining talent and rewarding employees for work well done. Legal compliance.

How to set up a payroll process: 10 steps

Insperity

As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Having a firm grasp on these responsibilities and why they are important will help you set up a payroll process that encourages accuracy and is easy to run. Use a payroll service.

5 Reasons to Outsource Payroll Through a PEO

Tandem HR

If you outsource your company’s payroll, what type of service are you using? A Professional Employer Organization, or PEO, can provide you with payroll services and many other HR advantages. Here are five reasons to outsource your payroll through a PEO. Workers’ compensation.

HR, Benefits, and Payroll Compliance Trends for 2021

Zenefits

To help you prepare, we’ve rounded up human resources, benefits, and payroll compliance trends to look out for in 2021. Payroll taxes. HR/payroll automation. Health and safety, including workers’ compensation. Payroll taxes, here to stay.

What are Pre-Payroll activities? A detailed overview

Keka HR Blog

Payroll Processing is a predestined set of tasks in an organization. Employee compensation payments and other expenses play a major role in work culture while running a company. An accurate Payroll Management process is proof that the workflow of the company is smooth and efficient.

Data Validation! Gaze before you leap | Pre-Payroll Activities

Keka HR Blog

As an extremely high-volume business activity, payroll is a department where delays, corrections, and reprocessing incidents are all too common, however risky to encounter. Payroll is straightaway related to the compensation of all the employees of an organization.

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.

25 HR Compliance Terms to Know for 2018

ClearCompany HRM

In addition to the holiday parties and secret santa gift exchanges, the end of the year also brings organizational compliance processes as your HR department gets ready to wrap things up. Take a look at the 25 HR compliance terms you need to know as a manager: Affirmative Action Plan (AAP): A written set of specific, results-oriented procedures to be followed. Are you up to date on your HR compliance terms?

How to handle compensation during uncertain times

Insperity

When businesses go through a crisis resulting in abnormal (or interrupted) operations and significant economic challenges, many companies look to their compensation budgets as an obvious means of cutting costs. Creative compensation strategies for struggling businesses in crisis.

A Checklist for Managing Your First Payroll

Zenefits

Either way, it’s time to run your first payroll. No matter the size of your payroll, it needs to be executed in a timely, accurate, and organized manner. If done haphazardly, errors, and compliance issues are likely to occur. Choose a payroll system. Payroll software.

The Real Costs of Payroll Errors

HRIS Payroll Software

Payroll is often the largest expense for a company. Payroll can get even pricier when errors are made. The following are a few ways that payroll errors can cost your company. Every single error made must be corrected when it comes to payroll. In some cases, correcting errors may take even more time than payroll did initially. Penalties Incurred from Compliance Errors. Hiring Costs for Payroll Error Related Turnover. Preventing Payroll Errors.

What Does the Era of Global Remote Work Mean for Payroll?

Immedis

What does this mean for the payroll function? As workers take advantage of remote-first work environments and relocate , the complexities begin to mount for businesses and payroll professionals. The global payroll challenges of a remote workforce.

Top 5 Global Payroll Considerations for 2019

HRWest

Contributed by Blue Marble Payroll – HR TechXpo Presenter – Global payroll gets more complicated each year – GDPR changes in the EU have only added to the confusion. As more countries begin rolling out new compliance regulations, here are the Top 5 things you can do to improve your global payroll operations in 2019. […]. The post Top 5 Global Payroll Considerations for 2019 appeared first on HR West?

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 essential guide to payroll in the Philippines

Ascender

Whether you’re considering setting up payroll operations in the Philippines, or you’re joining an established team there, you’ll need to be across the basics of payroll compliance. Overview of payroll requirements. Reporting and compliance. Payroll

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. Here are 4 tips to keep you on track with payroll: Collect Time and Attendance. Stay informed on new payroll tax and overtime laws.

All you need to know about Statutory Compliances in India

Keka HR Blog

In India, organizations invest time and efforts to rest assured that the company’s payroll is compliant as per the required proper laws and regulations. Organizations often worry about facing legal problems related to statutory compliances. What is statutory compliance?

Your Due Diligence HR Compliance Checklist

HR Digest

This year’s continuing focus on the pandemic and growing concerns over business disruptions means your company needs to make sure its HR policies and procedures cover all areas of HR Compliance thoroughly. HR Compliance Checklist. HR Compliance Posters. Company Compliance.

The Top Payroll Companies in Massachusetts

Genesis HR Solutions

Looking into payroll companies in Massachusetts? But is a payroll company really all the help you need? Keep reading to find out whether your ideal solution is purely payroll, or if you might benefit more from a slightly different option (that still includes payroll services): a PEO.

4 HR compliance considerations for remote employees

CIC Plus

While remote work is generally good news for operational flexibility, it’s also a big potential HR compliance challenge. Let’s look at some proven tips for ensuring HR and legal compliance across remote work environments. Compliance Corner

Payroll Analyst job description

Workable

Use this Payroll Analyst job description template to advertise your job openings and attract qualified candidates for your organization. Payroll Analyst responsibilities include: Overseeing payroll procedures. Ensuring compliance with all compensation and tax regulations. The post Payroll Analyst job description appeared first on Recruiting Resources: How to Recruit and Hire Better.

Payroll Director job description

Workable

Use this Payroll Director job description template to advertise your job openings and attract qualified candidates for your organization. Payroll Director responsibilities include: Approving payroll transactions. Reporting on compensation activities and forecasts. Ensuring compliance with all federal and state tax laws. The post Payroll Director job description appeared first on Recruiting Resources: How to Recruit and Hire Better.

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. In Aligning Compensation Systems With Organization Culture , the authors state: “Depending on how [compensation is] designed, communicated, and managed, it can positively or negatively influence an organization’s culture and impact an organization’s optimal performance.”. Look for insights that reveal how fair your compensation practices are.

Cases to Watch Update: Liability for Payroll Records

HRWatchdog

For those of you who missed it , an employee sued a former employer for unpaid wages under California’s Labor Code and also sued the third party payroll company that the employer used for timekeeping and other related tasks. Last week, the California Supreme Court decided that a former employee cannot sue his/her former employer’s payroll company ( Goonewardene v. This decision emphasizes that the responsibility of compliance is on the employer, not on the payroll services provider.

How to Process Payroll

Paycor

The best way to process payroll is to not process payroll. Your HR & Payroll provider should do that for you. The truth is payroll is too time intensive and complicated (especially if your business has locations in more than one state). Pre-Post Payroll Journal.

HR’s Role in Hazard Pay Policies and Compliance | BerniePortal

BerniePortal

Dangerous worksites, physically demanding tasks, and other duties require additional compensation to keep positions staffed with skilled workers. Still, great HR professionals take it upon themselves to learn the ins and outs of the workplace, so consider this your primer on hazard pay compliance. HR payrollFor some employers, hazard pay is part of the job.

What Is Pay-As-You-Go Workers’ Compensation?

Zenefits

Before we get into the pay-as-you-go model, let’s examine the basics of workers’ compensation and the traditional payment approach. What is workers’ compensation? Typically, the down payment is 25% of the employer’s estimated gross payroll/wages for the policy year.

International Payroll & Managing International Expansion

Celergo

Do you need to set up international payroll? Will you payroll locally, regionally or centrally? Are you prepared to handle all of the legal requirements for managing international payroll in all locations? The complexities of managing international payroll are largely determined by the number of employees working in each location, the company structure, resources, technology, systems, and security. The five key legal considerations are: • Payroll management structure.

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. Anyone who has worked in a sales organization knows that you don’t compensate sales the way you do the rest of the organization, or medical staff the same as office staff, or faculty the same as staff. Learn More About Our Compensation Software.

The Best Way to Process Payroll [Updated for 2020]

SwipeClock

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.

Top 5 Global Payroll Considerations for 2019

Next Concept HR Magazine

Contributed by Blue Marble Payroll – HR TechXpo Presenter – Global payroll gets more complicated each year – GDPR changes in the EU have only added to the confusion. As more countries begin rolling out new compliance regulations, here are the top 5 things you can do to improve your global payroll operations in 2019. […]. The post Top 5 Global Payroll Considerations for 2019 appeared first on Next Concept HR Magazine. Next Concept HR Magazine -.

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. So, here are the most common payroll mistakes to be aware of and how to avoid them! PAYROLL MISTAKE #1 – MISSING DEADLINES. PAYROLL MISTAKE #2 – NEGLECTING TO SEND 1099s. PAYROLL MISTAKE #5 – MISCALCULATING OVERTIME PAY.