The Significance of National Payroll Week (Especially in 2020)

Ultimate Software

National Payroll Week is underway, and we have the opportunity to say a huge “Thank you!” to the payroll professionals in our lives. We recognize the efforts of payroll professionals any time our paycheck arrives on time. How to Say “Thank You” to Payroll.

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.

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How Payroll Contributes to Company Culture


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.

Compensation Planning During a Pandemic

Affinity HR Group

The varying impacts of 2020 and all the unknowns of 2021 make compensation planning more important than ever. States and municipalities have enacted legislation that impacts compensation at breakneck speed. Remove the Social Security Payroll Tax Deferral option.

How to Offer Fair, Equitable Compensation

Offer fair and equitable compensation with this comprehensive e-book.

Compensation Challenges for Family Businesses

Astron Solutions

Since employees are often related to each other, developing and maintaining fair & appropriate compensation plans can be difficult. In this Astronology® , we will review some compensation challenges that family-owned businesses face. Deferred compensation plans.

Total Compensation Statements


Implement Total Compensation Statements. The purpose of a total compensation statement is to show employees the total value of their rewards package. Top Advantages to Total Compensation Statements. Total compensation statements can spark a great conversation at home.

Permissible Payroll Rounding Practices


In the letter, a government contractor, who is subject to the Service Contract Act (SCA), uses payroll software to calculate wages based on recorded time entries. According to the DOL, it’s acceptable to round to the nearest five minutes, one-tenth of an hour, one-quarter of an hour or one-half hour as long as the rounding averages out so employees are compensated for all hours worked. The post Permissible Payroll Rounding Practices appeared first on HRWatchdog by Bianca Saad.

Singapore: Work Injury Compensation Act 2019 Updates


From September 1, 2020, there are some new additions to the Work Injury Compensation Act 2019. Compensations can be based on a multiple of basic monthly salary. Compensation can be based on current incapacity assessment. Global Payroll Work Injury Compensation Act 2019

Understanding the Basics of Payroll, Compensation and Employee Benefits


Payroll, Compensation and Employee Benefits are among the foundational building blocks within an organization to support your human resources - the people that work for you. Benefits Benefits;/Payroll Compensation /HCM HR data PayrollEffective and efficient management of those functional areas can be significantly improved, or compromised, depending upon the company’s level of understanding of those functions.

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.

4 Signs That It’s Time to Upgrade Your Payroll System

Ultimate Software

From the top down, a payroll system can appear to be a fairly straightforward process. But that macro-level viewpoint often ignores the intricate nuances of how employees actually experience payroll on a daily basis. An employee’s paycheck is not just the product of a payroll process. We’ll be exploring this paradigm shift in more detail during our upcoming payroll webcast. But how can you know that it’s time to upgrade your payroll system? Payroll

Workers' Compensation Premium Audit: COVID-19 Updates


CGO is here to help you prepare for your Workers Compensation Premium Audit so you receive all appropriate credits. Due to various government-issued stay-at-home orders, adjustments to your actual payroll must be detailed and verified as indicated below.

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. Workers’ compensation coverage is typically required of businesses, though there are some exceptions. Outsource Payroll the Smart Way.

Why Payroll Integration with HCM and Finance Systems is a Powerful Game-Changer


As Director of Solution Architecture and Integration with Immedis, my team and I are responsible for creating robust and highly functional integrations for our customers – the HR, Payroll, and finance people in global organizations. The future of integrated global payroll is exciting.

China-based eRoad Raises $14m for Its Payroll Tech


China-based eRoad has raised $14 Million for its payroll tech. Providing payroll in a reported 20 countries, eRoad claims to provide real-time rolling compensation analysis in addition to its core payroll offering. The post China-based eRoad Raises $14m for Its Payroll Tech appeared first on HRWins by LAROCQUE, LLC. HR Payroll VC Deals hcm payroll venture capital

How to Process Payroll


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.

Payroll and Employee Compensation FAQs


How do you manage compensation when one employee leaves and their duties get split up by multiple people? What happens if you need to change your payroll schedule? Bookmark( 0 ) Please login to bookmark The post Payroll and Employee Compensation FAQs appeared first on Workest. When it comes to pay, the details matter. Can you pay an employee for two different jobs within the same time period?

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.

Who Cares About Compensation?

Compensation Cafe

What if you worked in an organization where the Head of Human Resources didn't view the Compensation function as vitally important to the organization? We weren't invited to critical HR planning sessions, my boss was never a member of the inner HR circle, and the department's list of annual objectives never included a compensation project. So What's Wrong With Compensation? It is unusual for this office holder to have cut their teeth in either Benefits or Compensation.

Top 5 Global Payroll Considerations for 2019


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 handle compensation during uncertain times


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. The delicate balance is: How do you handle compensation during uncertain times to protect the financial health of your business but without losing valued employees? Creative compensation strategies for struggling businesses in crisis. Benefits and compensation

The Future of Payroll: 7 Trends to Watch


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. employees – or 54% of the American workforce – are affected by payroll problems. Are you curious about the future of payroll?

Payroll Coordinator job description


Use this Payroll Coordinator job description to find qualified professionals who can take over and coordinate your payroll operations. Payroll Coordinator responsibilities include: Processing financial compensations or deductions. Overseeing payroll payments. Coordinating with HR about changes in payroll (e.g. The post Payroll Coordinator job description appeared first on Recruiting Resources: How to Recruit and Hire Better.

An Australian Guide to Small-Team Payroll

Get Hppy

If you are currently setting up or are looking to set up a business in Australia with only a few employees, then it is best to start with good information about payroll processes. Following the proper protocol when it comes to payroll is one of the essential regulatory requirements for getting your business off of the ground. Let’s explore what payroll processes and guidelines look like for businesses with four or fewer employees. Register For Payroll Tax.

Why the Key to a Modern Global Payroll Platform is Integration with HCM and Finance Systems


In most organizations, payroll is the single biggest expense, and managing the effectiveness of that investment is critical. To accomplish this, payroll must operate optimally, and to do so requires a new approach. Transforming payroll to improve performance.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics


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.

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.

Cases to Watch Update: Liability for Payroll Records


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.

Payroll Analyst job description


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


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. The post Payroll Director job description appeared first on Recruiting Resources: How to Recruit and Hire Better.

What Are Payroll Liabilities?


If you’ve ever run your own payroll, you know what a huge undertaking it is. Indeed, these so-called payroll liabilities are defined as any type of payment owed as a result of running payroll. Payroll taxes: Much like the wages set up, there is a delay between when your workers earned the money that is taxable and when said money is paid to the various agencies. The post What Are Payroll Liabilities?

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics


In this post, Allison McConville, Visier’s VP of Human Resources , will shares how you can use data to support the people moments that matter, enabling the best compensation decisions for both your employees and your organization. . Compensation is one of the key culture-definers for organizations. There is no shortage of people data — from your HRMS to Applicant Tracking to Payroll to Learning Management systems, the scope of data being generated each day can be overwhelming.

Shining a Bright Light on Shadow Payroll


Recently, I presented a webinar with the GPMI on the topic of Shadow Payroll. It was surprising how many payroll professionals registered and attended on the day. To me, this indicates that although Shadow Payrolls are not well understood, there is a strong desire within the global payroll community to continue to learn more about them. Last month I found myself in a conversation with a manager of US payroll in a well-known international company. Compensation.

Manage Payroll Taxes: Have Essential Time and Attendance Reporting

nettime solutions

Time and attendance reports can help payroll managers reconcile the amount of payroll taxes withheld and owed. With an advanced time and attendance system, you can create Excel spreadsheets or PDF reports that seamlessly integrate into your payroll systems. Managing payroll taxes is a serious subject and we like to simplify things when we can. Payroll taxes: Represent withholdings of employee earnings. payroll timesheet time and attendance reports payroll taxe

PayScale Donates Vital Compensation Data, Empowering Employers to Make Critical Pay Decisions During Current Economic Crisis

OmegaHR Solutions

the leader in on-demand cloud compensation data and software, today announced the. Read more PayScale Donates Vital Compensation Data, Empowering Employers to Make Critical Pay Decisions During Current Economic Crisis. Compensation Pandemic payrollI thought this was critical information to help employers.

International Payroll & Managing International Expansion


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.

What is compensation? How to create a compensation plan


What is compensation? Compensation typically refers to the monetary payment awarded to an individual in exchange for their services. In the workplace, a broader compensation definition includes the whole of what is earned by employees—that is salary or wages in addition to the commission, bonuses, and any incentives or perks that come with the employee’s […]. The post What is compensation? How to create a compensation plan appeared first on Sage Advice US.

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. Since many laws focus on aspects of payroll, it’s important to take steps to comply with those laws. Preventing Payroll Errors.

Payroll vs PEO: What is The Difference?


As is becoming a theme around here, we’re revisiting an oldie but a goodie blog post : Explaining the differences between a payroll company and a PEO. As we noted in the original blog post, there is not a rivalry, per se, between payroll companies and PEOs.