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The complete year-end payroll checklist for small businesses

Homebase

Year-end payroll : It’s a doozy, especially when you’ve got so much on your plate with the holiday rush. Simply follow this checklist to mark off all the boxes and close your payroll process faster so you can enjoy the holidays and prepare for 2022. . Complete and submit the following payroll tax forms before the start of the year: .

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How To Calculate Total Compensation

Zenefits

Total compensation reflects all that employees earn. Both employers and employees should be aware of total compensation packages so they can fairly evaluate employee pay. Employers must budget for all that’s included within an employee compensation package , and they must also compose competitive offers.

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The Complexity of Compensation and Benefits in Modern Workplaces

EmployeeConnect

In the modern workplace, where attracting and retaining top talent is paramount, the realm of compensation and benefits management stands as a crucial pillar of employee management strategies. This involves analysing salary surveys, consulting with compensation experts, and benchmarking against peer organisations.

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Payroll Costs: An Overview of Total Expenses

Zenefits

Payroll costs are all the costs that an organization needs to pay to compensate its employees for their labor. Also included in payroll costs are employee benefits, paid time off, bonuses, commissions, the employer-paid portion of payroll taxes, and the cost of administering the payroll process.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. These include: Base Salary: The primary component of an employee’s compensation, typically determined by factors such as job role, experience, and market rates.

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HR vs. Payroll: What’s the Difference?

Zenefits

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. If your organization has two separate departments or you want to create them, it’s time to learn the difference between payroll and HR. What are HR functions?

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. To be assured you’re offering the right rates for your area and job opportunities, try using compensation software or tools that give insights to reasonable pay ranges for your positions.