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.

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

Companies must go beyond manual pay planning to explore the value of using compensation management software. In this post, we will take a deep look at the many moving pieces of the compensation strategy while analyzing whether companies should make use of a compensation solution and why.

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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.

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.

The Future of Payroll

Speaker: Steven Van Alstine, VP of Education, Canadian Payroll Association

Payroll is an often misunderstood function. Given the effectiveness with which it is executed, it is often invisible. The challenge is that payroll is a critical function within every organization — responsible for one of the most important aspects of the employee experience: compensation. Join Steven Van Alstine as he unpacks "hot off the press" research on payroll.

Top 3 Compensation Considerations for Employers

ClearCompany HRM

Payroll is commonly the highest business expense, and compensation is far from being a cut and dry number. Compensation There are so many factors that go into calculating the actual cost of each and every employee. So, that $30,000 salary might be more in the realm of $44,000+ in total costs to the organization. As the highest and most impactful expense in business, it’s vital for leaders to have a true understanding of the real price tag on your workforce.

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.

Permissible Payroll Rounding Practices

HRWatchdog

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.

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.

Understanding the Basics of Payroll, Compensation and Employee Benefits

StarGarden

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.

How to Offer Fair, Equitable Compensation

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

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.

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 .

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.

Compensation Analytics Is No More Complex With Keka!

Keka HR Blog

Here’s the answer: “Based on how the compensation plan is designed, communicated, and managed, it can positively or negatively impact the organiza tional culture and performance “. . Strategically leveraging compensation?analytics Managing Compensation, the Keka Way! .

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.

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

LAROCQUE

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. HR Payroll VC Deals hcm payroll venture capital

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.

What is Payroll Tax?

AbelHR

One of the most perplexing topics in the human resources industry is that of the payroll tax. What are Payroll Taxes? Simply put, payroll taxes are taxes paid on the wages and salaries of a company’s employees. What Classifies as Payroll Tax? Who Pays Payroll Tax?

Total Compensation Statements

PlanSource

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.

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.

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

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.

Singapore: Work Injury Compensation Act 2019 Updates

Immedis

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

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.

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. Let’s explore what payroll processes and guidelines look like for businesses with four or fewer employees.

AbelHR: What is Payroll Tax?

AbelHR

One of the most perplexing topics in the human resources industry is that of the payroll tax. What are Payroll Taxes? Simply put, payroll taxes are taxes paid on the wages and salaries of a company’s employees. What Classifies as Payroll Tax? Who Pays Payroll Tax?

What Are Payroll Liabilities?

AbelHR

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. The post What Are Payroll Liabilities?

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.

Payroll and Employee Compensation FAQs

Zenefits

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.

Workers' Compensation Premium Audit: COVID-19 Updates

GoCGO

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.

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?

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. Quirks of payroll in The Philippines to take note of.

What is compensation? How to create a compensation plan

Sage HRMS

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.

Pandemic or not, payroll must keep running

NGA Human Resources

Payroll has never been easy and I think we can agree there has never been a time when Multi-country payroll has challenged the payroll community more. All eyes are on your payroll teams to deliver wages and salaries, cheques and payslips. We’ve got payroll covered for you.