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Ensuring Payroll Accuracy and Compliance: Address, Compensation and Tax Verification

Netchex HR Blog

Then, the pandemic dispersed employees like never before. Able to live anywhere, employees can relocate at the drop of the hat and often without notifying their employers. This can cause serious compliance issues. . What are the benefits?

Small Business Payroll Guide: Utah Minimum Wage and Overtime Laws

Helpside

Here is a simplified guide for minimum wage and overtime payroll laws in Utah : Federal minimum wage law is governed by the Fair Labor Standards Act (FLSA). The current federal minimum wage rate is $7.25 per hour for nonexempt employees. per hour.

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HR vs. Payroll: What’s the Difference?

Zenefits

As your organization grows, you’ll likely add new departments into the mix. Payroll and HR often work together, but seeing where the line gets drawn can be challenging. With small teams, HR can handle payroll, making the lines even blurrier. The U.S.

Guide to mandatory overtime: Can you force employees to work long hours?

Homebase

Most business owners don’t want to ask their employees to work overtime, but sometimes it’s necessary when the unexpected happens. To avoid any misunderstandings between you and your team, it’s important to address the question: Is mandatory overtime legal? Learn more.

The most fun you can have in a week with wage and hour compliance!!!

The Employer Handbook

ImperfectTommy / Edmond Meinfelder [ CC BY 2.0 ], via Wikimedia Commons What’s better than a three-part series on wage-and-hour compliance? Ok, here’s the thing. For the rest of you stuck in the office this week, well, I’m saving my good material for next week. Department of Labor Wage and Hour Division Opinion Letters, which the DOL released yesterday. Here is the proof. Just play the vinyl backward.

10 steps to maintain end-of-year payroll compliance

Business Management Daily

The end of the year is a hectic time for payroll staff and business owners. While the year is winding down, the payroll department is ramping up to prepare for the end of the year and ensure that all reporting deadlines are met.

How does Payroll Software work for a Staffing Agency?

COATS Staffing Software

Payroll: It’s not the most glamorous or exciting part of running your business, but it’s essential. Without it, the members of your temporary and permanent staff may not get paid on time or in the correct amounts. That’s where payroll software solutions come in.

Payroll Software Pricing in 2022

TrustRadius HR

Payroll is the lifeblood of HR. Employees can repeat training modules, and HR can revise records. But not paying your employees or paying them the wrong amount is how you get a rebellion (or worse, legal trouble). What Does Payroll Software Do? QuickBooks Payroll.

Payroll Best Practices for 2022 and Beyond

Payactiv

The heart of every business is its employees, and these employees need to be paid their wages on a regular basis. Whether a monthly, bi-weekly, or weekly pay schedule, payroll is typically done via a payroll system. What Is Payroll Management? Automate Payroll.

Strategies for Engaging and Retaining Your Hourly Employees

Zenefits

In 2021, hourly employees accounted for 55.8% of all wage and salary workers in the United States. Besides representing the largest portion of the U.S. labor force, hourly employees are susceptible to burnout and disengagement at work — which can lead to turnover.

Payroll Risk Management Strategies

Payactiv

No matter the size or nature of your business, payroll is something you have to monitor and manage carefully. The payroll process can be complex to understand, especially as the rules and regulations governing it are numerous and constantly changing.

Sales Manager Compensation Plan

Decusoft

Sales managers play a unique role in your business and need compensation strategies tailored to their specific skills and abilities. The commission rate paid out depends on the industry, company, seniority, and type of services or goods provided. . Hourly.

The Best Payroll Software For Small Businesses

TrustRadius HR

The average small business owner spends nearly five hours per pay-period processing payroll (Try saying that five times fast). 65% of small business owners said they would rather outsource their payroll processing. 45% said that outsourcing payroll was too costly.

Onpay 83

The Best Way to Process Payroll [Updated for 2020]

SwipeClock

Or you own an existing one that is moving into the realm of employees. 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.

Hours Worked: What’s Compensable in a Day’s Work?

FingerCheck

For instance, the daily commute to and from work isn’t compensable, and a few minutes chatting with colleagues at the water cooler tends to go by un-penalized. Instinctually you might say ‘common sense,’ but the reasoning is more complex then that. I n determining what is and isn’t compensable, we rely on the courts’ rulings, the FLSA, and the Portal-to-Portal Act of 1947. The employee is engaged to wait.”

12 Best Payroll Software Solutions for Small Businesses in 2022

ConnecTeam

Don’t you just LOVE managing payroll? Who here just can’t wait for that time of the month (or week) to calculate employee wages , PTO, taxes, benefits , and all those other super-fun payroll things? Our Top 3 Payroll Software Picks. Compensation management.

5 things to do when setting up restaurant payroll

Homebase

Payroll is often a struggle for business owners of all industries, but many people don’t realize that restaurant payroll comes with its own set of hurdles. It’s complex and can take several hours per employee—especially if you don’t have the right software on your side. .

Who Qualifies For a Workers Compensation Exemption?

Embroker

Workers compensation insurance is among the most important types of business insurance. It is a requirement for most businesses and employees across the country. What is Workers Compensation Insurance? . Learn More. Workers Compensation Exemptions State by State.

The Complete HR Compliance Glossary

Zenefits

Depending on your background, compliance can be one of those words that sends shivers of terror down your spine. Below you’ll find a glossary of several HR-related terms that are used when anyone is talking about HR compliance. This regulation is managed through the HHS.

5 Payroll Management Tools Every HR Needs

HR Digest

For any business, a handy and adequate Payroll software application is a must-have. Considering the hassles that are involved while optimizing strategies for your Human Resource Management, it becomes a necessary tool. paying business-related taxes to the government, etc.

Do bar payroll better: Best practices + bar payroll services to consider

Homebase

For a small business owner managing a bar, running payroll for bartenders and the rest of your staff comes with its own set of challenges. Still, it’s important to handle employee paychecks the right way so you can stay compliant and avoid getting into trouble with the IRS.

Restaurant compliance explained: Rules and regulations you need to know

Homebase

The restaurant business comes with a lot of responsibilities and distractions. That makes it easy to let administrative tasks, HR matters, and even restaurant compliance concerns fall by the wayside. . Give your team the tools they deserve. Learn more. Learn more.

How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Flexible time off .

Payroll pain points, and how you can solve them

Benetech

Many HR pros who are in charge of payroll report they haven’t taken a proper vacation in more than five years. Because they fear payroll won’t get processed correctly while they’re away. The fact is, payroll processing has long been a challenge for HR.

9 Common Payroll Mistakes And How to Avoid Them? – CuteHR

CuteHR

It is estimated that 82 million Americans – 54% of the workforce – face payroll problems. When it comes to payroll, employers have a lot of duties. Payroll mistakes can have far-reaching ramifications. Top Payroll Mistakes People Make. Learn Your Stuff.

How to set up a payroll process: 10 steps

Insperity

The reward they’re thinking of, however, is a steady paycheck. As an employer you shoulder a lot of responsibility, especially when it comes to employee compensation. Whether you have one employee or 1,000, creating a payroll process is the same. Use a payroll service.

Changing Employees from Salaried to Hourly

FingerCheck

Due to the updated overtime law , salaried workers earning under $47,476 will be entitled to overtime come December 1st. By definition, salaried workers are salaried because they perform certain job duties, typically managerial, and are compensated solely based on the job they perform, not the hours they work. Now that the overtime pay threshold has been updated from $23,360 to $47,476, 4.2 Here are the time tracking must’s for hourly employees: .

4 HR compliance considerations for remote employees

CIC Plus

The COVID-19 pandemic accelerated many workplace trends that had been in motion for years, including the growing use of cloud-based tools, like videoconferencing, to connect employees regardless of location. Global Workplace Analytics estimated that over half the U.S.

What Does the FLSA Mean by “Hours Worked”?

Zenefits

Your business is likely subject to the Fair Labor Standards Act (FLSA) , which requires covered employers to pay employees for all hours worked. But what exactly are “hours worked?” While this may seem self-explanatory, “hours worked” has numerous layers influencing compliance.

Protect Your Restaurant from Wage and Hour Violations

Paycor

The hospitality industry (particularly restaurants) faces more wage and hour violations than any other industry. In fact, throughout 2017, the Department of Labor (DOL) received over 7,000 wage and hour claims from the hospitality industry, recovering more than $483 million in back wages for employees for issues like off-the-clock work, failure to pay overtime wages and misclassifying employees.

Just-in-Time Scheduling—Good News and Bad News

HR Daily Advisor

And the same goes for the related challenges of show-up pay and on-call pay. Just-in-time or call-in scheduling (or “call-in shifts”) usually involves the establishment of a tentative work schedule; the employee then learns via e-mail, text, or telephone call when or whether to physically report to work. It is most commonly used in the retail, food service, restaurant, and hospitality industries. Paid time off (PTO)/sick.

How much does it cost to set up payroll?

Homebase

If your payroll and accounting systems aren’t up to par, things can get complicated very quickly. The last thing you want is to run into tax problems or incorrectly pay your workers. First, consider the tasks involved in running payroll: Employee forms. Hours worked.

A Checklist for Managing Your First Payroll

Zenefits

Or maybe your company is brand new and equipped with employees right out the gate. 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. Choose a payroll system.

Free Payroll Tools for Your Small Business

Zenefits

Payroll is the biggest operating expense for most employers, often representing nearly 70% of a company’s total costs. But as a small employer, it’s important to think expansively when it comes to payroll savings, as every source counts — especially during times of economic instability.

A Quick And Simple Guide To Compensation Planning

Vantage Circle

As a leader, compensation planning is one of the skills you will need to master. One of the most important aspects of organizational planning is having a compensation plan that rewards employees and provides competitive pay. What is Compensation Planning?

Processing Payroll: What You Need to Know

Zenefits

Payroll is one of the most essential parts of running a business. It’s how you’re able to compensate employees correctly and on time — which affects employee morale and retention. In fact, a survey from The Workforce Institute at Kronos Incorporated found that 49% of U.S.

FingerCheck360 Now Offering Workers’ Compensation Insurance!

FingerCheck

We are excited to announce that you can now purchase a workers’ compensation insurance policy through FingerCheck360! Workers’ compensation is a mandatory cost for all businesses in most states, but the expense can be made more affordable with FingerCheck. Until recently, companies were forced to estimate their employees’ wages for the entire year in order to pay their compensation in advance based on a) their employees’ wages and b) the rate assigned to each job.

Proposed FSLA changes bring added costs, complexity

HR Times

Employers should already be planning for compliance—are you? The Department of Labor (DOL) has proposed changes to the Fair Labor Standards Act (FLSA) 1 that will dramatically increase the number of employees who must be paid on an hourly basis. If the regulations are finalized in the summer of 2016 as expected, employers will have 60–90 days to comply. Learn more. Overview of the changes and potential impacts.

2020 HR Compliance Checklist: Know Your Requirements

Zenefits

Small business owners and HR leaders are working hard to manage the people center of their company while also staying on top of compliance requirements and calendar-based deadlines. Use the following compliance checklist to create your HR policies — or as a way to revamp existing ones.

How to Assemble an Ideal Compliance Team

CIC Plus

But hiring the right people, to do the right things, to get and stay HR compliant takes work. And the right planning. We’re sharing some tips with you on how to assemble the right compliance team as your company grows. Have you had compliance issues in the past? How do you stay current with the latest regulatory and governance developments? Do employees know what’s expected of them in the workplace? Is training new employees an issue?