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Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. A comprehensive salary report offers the facts and insights needed to make critical choices on executive pay and overall benefits.

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.

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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.

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.

5 Ways To Create the Perfect Compensation System

Get Hppy

One of the most complicated areas of the Human Capital Management (HCM) sector is compensation management. Labor costs account for the bulk of most business expenditures. Refine Your Compensation System Regularly . Ensure your Compensation System is Compliant .

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.

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.

The Future of Payroll: 7 Trends to Watch

CakeHR

Each year, the IRS issues billions of dollars in fines to business owners in the United States. In most cases, the penalties are for payroll errors. This is why finding a way to optimize the payroll process and reduce any mistakes is essential. Staying on the cutting edge of payroll technology and trends is the best way for a business owner to discover the right way to handle this essential part of their business.

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.

The $22 Billion Cost of Wage Theft

Tsheets

Wage theft happens more than you think — could automated timesheets be the solution for fair compensation? The employee-employer relationship is founded on a delicate balance of mutual trust. The employer trusts the employee to work when they’re supposed to work, and the employee trusts the employer to pay them fairly for the work they do. In the case of workplace misconduct, the door swings both ways.

Leading Hourly Workforce Transformation in a Post-Pandemic World

Ascentis

In February 2020, global labor markets experienced a dramatic shock due to the novel coronavirus, with millions of workers either losing their job or shifting to remote work. However, returning to the workplace is going to look much different in the post-pandemic world. Learning.

4 Tips for Instant Payroll

Namely

Everyone loves payday, but what about payroll processing day? Reconciling employee hours, updating W-4 withholdings, and navigating federal and state taxes can be a time consuming, error-prone process. businesses spend up to 80 hours (or two work weeks) on figuring out payroll taxes alone. By leveraging both technology and best practice, HR and payroll professionals can dramatically cut down the time spent making payday a reality.

Farmworkers average 15 overtime hours per week, study shows

Tsheets

In a recent industry overtime study published by TSheets by QuickBooks, we learned that many workers around the country are putting in long days. In the last year, 28% of events managers recorded an average of 52.7 hours per week, while 33% of developers and IT professionals recorded 47.4 hours on the clock each week. As a time tracking company, TSheets is in a unique position to track and study employee hours. In the last year: .

Why Payroll Processing Services Are Important for Your Small Business? (20 Reasons)

Career Metis

Whether you own a small business or a large organization, payroll processing services can be a complex and time-consuming task. Payroll functions can consist of ascertaining employee wages, preserving taxes, updating vacation and sick pay, or determining employee benefits.

HR TechStack – Payroll Software

WhoKnows

Payroll Software Definition. Payroll software is used by companies to streamline and automate employee payment and tax filing. The software typically calculates wages, handles taxes and deductions, and delivers checks. It allows companies to easily perform and track their payroll processes. Payroll solutions ensure employees are paid timely and accurately. Payroll tools are often part of a larger compound core HR product or an HR management suite.

A payroll processing checklist for small businesses

Genesis HR Solutions

Anyone who’s ever run payroll knows that it is a detail-oriented, sometimes arduous process. And for business owners and other company leaders who are tasked with the job, it can be overwhelming. Anyone who’s ever run payroll knows that it is a detail-oriented, sometimes arduous process. We've created this checklist to help you be more confident with your payroll processing. Payroll Processing Checklist: A Template. Are anyone’s scheduled hours changing?

4 Common Payroll Mistakes and How to Fix Them

Paycor

Overtime Pay, Pay Equity, Workers’ Comp, Payroll Taxes. Payroll Taxes. Dump Your Payroll Provider. Payroll Compliance: More Complex Than You Think. Here are four common Payroll mistakes you might be making: Misclassifying Freelancers and Employees. Training.

What to Know About Employee Compensation Regulations in Home Health

Hireology

Home care agencies around the country had to rethink their scheduling and employee compensation plans when the U.S. Department of Labor determined in-home caregivers qualify as domestic service employees , meaning they’re covered under the Fair Labor Standards Act (FLSA). As a result, employers are required to pay caregivers at least the federal minimum wage of $7.25 per hour, as well as overtime pay. Payroll Efficiency.

Time Tracking For Hourly and Temp Agency Workers

Mitrefinch

With the holiday season right around the corner, thousands of companies are frantically searching for temporary employees to help them fulfill the burst in consumer demand that characterizes this time of year. To name just a few examples, the shipping giant UPS is set to hire an additional 100,000 employees while the retail clothing store GAP has its sights on hiring at least 30,000 additional employees for the holiday shopping season.

Unlocking the compensation secret vault: An interview with Chris Bolte of Paysa

OmegaHR Solutions

One of the great secrets in HR for both companies and for candidates is “what is someone worth?” The answer is companies want to know what they need to pay someone, either as a new hire or in order to forestall having them leave. The bigger question becomes how do you do that? The obvious answer to that question is the INTERNET. You go search for sites that offer salary data to get some idea of what other people like you are paid. Big data.

Are You Responsible When Employees Don’t Report All Hours Worked?

HR Daily Advisor

Employers often place the burden of recording hours worked on employees. Employee handbooks may contain provisions that require employees to record and report all their time worked, and employers may require employees to verify their hours by reviewing and signing their time cards. Policies may prohibit off-the-clock work and notify employees that they must report any errors in pay. Employees Can’t Record Online Training at Home.

The Right Way to Increase Minimum Wage at Your Organization

Visier - Talent Acquisition

On July 18th, 2019, the U.S. government passed a bill to gradually increase the minimum wage to $15 by 2025. This bill also abolishes sub-minimum wage for both youth workers and tipped workers and closes a less commonly used loophole that allows employers to pay less than minimum wage to some disabled workers. of wage-earning workers and their employers. . The hourly rate of labor directly influences your bottom line.

What Real Users Love About Their Payroll Department Tools

IGI

Payroll departments handle the compensation for all employees, ensuring that they are paid on time and that the correct deductions are withheld. Payroll software lets a payroll department simply enter employees’ hours and wages so the calculations, payments and tax filings can be performed automatically. But what are the features that payroll departments value most in their payroll software? Patriot Payroll.

Minimum Wage Increase: The Positives and the Pitfalls

Paycor

The Times, They Are A’Changin’ (But the Money’s Not). Adjusted for inflation, the federal minimum wage peaked in 1968 at $12.22 (in 2018 dollars). Yet, the current federal minimum wage has remained stagnant at $7.25 per hour for more than a decade even though the cumulative rate of inflation has risen more than 17%. Eighteen states and localities raised their minimum wages in 2018. The increase also includes Whole Foods employees.

“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

Organizations need to take both a macro and micro look at their pay practices to understand if they are fairly compensating their employees. As part of my series about “the five things we need to do to close the gender wage gap” I had the pleasure of interviewing John Schwarz.

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.

Prepare Now for Upcoming FLSA Exemption Changes

HR Daily Advisor

As most of us are well aware, there are some upcoming changes to the Fair Labor Standards Act (FLSA) that will have an impact on millions of employers nationwide. Namely, the Department of Labor (DOL) is updating the requirements for employees to qualify for the “white collar” overtime exemptions. In short, the proposed changes will update the minimum salary level required for an employee to qualify under any of the white collar exemptions.

Important 2018 EU Labor Law Changes – Part 1

Global Upside

Here are some of the most noteworthy changes and proposed changes to stay on top of in HR and labor law, that we’d like to share. Some of the breakout trends you’ll see across several EU countries include pay equality, data privacy, GDPR rights and regulations, and plans to make the business environment more attractive to startups and foreign investment via friendlier labor laws. Germany is the largest economy in the EU. EU Data Protection.

10 Easy Ways to Sabotage Your Payroll Process

Insperity

Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. Let’s say it’s the 15th of the month and you’re swamped. By the time you catch your breath, it’s the end of the day and you’ve missed your window to make that deposit, incurring a penalty.

The Legal Consequences of Not Paying Your Employees On Time

FingerCheck

Payroll compliance is a new topic we’ve been exploring on the blog, and this week, we’re talking about the legal repercussions of not paying your employees on time. Read on to learn what to expect: Employee rights. In the case of a missed or late paycheck, your state has its own procedure for what to do, which employees can find out by reaching out to their local labor department. “The attorneys fees in the case were over $75,000.

Why Employees Love Getting Paid Biweekly

Namely

Getting paid every other week has become an American tradition, with the U.S. Bureau of Labor Statistics ranking biweekly as the country’s most popular pay frequency. While most international businesses typically run payroll on a monthly or weekly basis , employers here at home have taken the middle-of-the-road approach. For HR or payroll administrators, it also means that processing day only comes once every two weeks. Payroll

The Changing Workplace, Part 1: Why Remote Work is Gaining Permanence

Workday

At the onset of the pandemic, many companies set up their employees to work from home as a response to shelter-in-place orders or a health and safety precaution. Is the lingering impact of the pandemic making companies consider a long-term remote work policy?

Exempt Employees and Pay Deductions—Where’s the Line?

HR Daily Advisor

Yesterday’s Advisor presented the rules for deducting pay for nonexempt employees as explained by Attorney Ted Boehm; today, Boehm reviews how deductions can be applied (or not) to exempt workers. Boehm, an associate with the law firm of Fisher & Phillips, LLP, shared his expertise on these wage and hour issues in a recent webinar presented by BLR® and HR Hero®. days in a workweek for personal reasons, the employer can only deduct for 1 day under FLSA, says Boehm.

Is Your Employee Asking for a Raise? Here’s What to Do

Patriot Software

At some point, your employee may ask for a higher salary or hourly wage. Although raise conversations can be uncomfortable for both you and the inquiring employee, you need to know how to handle them. According to one report , 37% of workers have asked for a wage increase from their current employer. Chances are, your employees may ask you for a wage bump, too. Listen to the employee, but wait to respond. Be sure to collect information from the employee.

HR Audit: Everything You Should Know to Get Started

Analytics in HR

If these factors are not continually monitored, a business can find itself on the wrong side of employment laws. Especially as we round the corner in a post-pandemic world, a lot of things can change quickly in a business with its people. The goals of an HR audit are manifold.