Understanding Payroll Deductions and Employee Benefits Taxes

Get Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. To ensure your business runs smoothly keeping your employees happy is one of the most important things to keep on top of. Also read: Managing HR Compliance in the Age of Technology. Payroll Deductions. There are some payroll deductions that are completely necessary and you must calculate them correctly. Who gets employee benefits?

Employee Benefits Enrollment Software: Boost 2021 ROI

SwipeClock

Does your HR toolkit contain employee benefits enrollment software? If not, you aren’t getting the benefits of your benefits. You choose benefits packages carefully because you want to attract high performers. Increased employee turnover.

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How Does Payroll Software Work?

Netchex HR Blog

As it continues to adapt and expand, payroll software has become an essential technology for many companies both large and small. What is payroll software? Payroll software is the foundation of any operating business. Payroll software is that investment. Who runs payroll?

Why You Need a Seamless Hiring, Payroll and Employee Benefits Platform

Hireology

The more time HR leaders spend on manual tasks, the longer it takes to move forward with hiring steps and get back to current employees who have HR-related issues or questions. Ultimately, this leads to both a frustrating candidate and employee experience. . To cut back on administrative tasks, your team can partner with a seamless hiring, payroll and employee benefits platform, which can make HR processes more efficient, saving your team time and money.

Top 5 Advantages of Employee Benefits Software

Zenefits

When it comes to administering employee benefits , though, the pros are pretty clear. From keeping up to date on compliance changes to saving time, there are some pretty striking reasons why it makes sense to use third-party benefits software. Many employees prefer it.

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.

7 Reasons You Need a PEO vs. Payroll Services

Stratus

Nine times out of 10, when I’m first talking to someone about their company’s needs, they jump right to payroll. It makes sense since payroll is a critical piece to employment and subsequently the number one service outsourced by small businesses. Here’s why: PEOs offer affordable employee benefit plans. Come for the payroll, stay for the stellar benefits ! PEOs administer employee benefits, too. PEOs do all of this AND payroll.

Compliance checklist for HR professionals for year-end and beyond

PeopleStrategy

“Getting ahead of the compliance eight-ball before the end of the year can save time and stress.” If you’re an HR professional, however, you’re focus is probably elsewhere: everywhere you turn, there’s another compliance requirement you need to meet. There’s a lot of ground to cover with compliance, even if you were just to address regulations outside of health care. I-9s and employee authorization. Payroll compliance checks.

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.

Consequences of Outdated Employee Benefits Systems

Zenefits

Technology is making remarkable strides across the employee benefits landscape. A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Benefits administration is regarded as the most complex HR process.

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.

25 HR Compliance Terms to Know for 2018

ClearCompany HRM

In addition to the holiday parties and secret santa gift exchanges, the end of the year also brings organizational compliance processes as your HR department gets ready to wrap things up. Take a look at the 25 HR compliance terms you need to know as a manager: Affirmative Action Plan (AAP): A written set of specific, results-oriented procedures to be followed. Cafeteria Plan: A plan in which an employer offers their employees a variety of different benefits.

A Checklist for Managing Your First Payroll

Zenefits

Your small business has been around for a while, but you’ve just gotten around to hiring employees. 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. Choose a payroll system. Compliance

The Rise of Telemedicine in Your Employee Benefits Package

Netchex HR Blog

Coronavirus and Beyond: The Rise of Telemedicine in Your Employee Benefits Package. Raising awareness with employees. Whenever you understand the services available through your carrier and community healthcare providers, relay those options to employees.

Choosing the Best Employee Benefits Technology Provider: A Checklist

Zenefits

You know the consequences of outdated employee benefits systems , and are ready to invest in modern technology. But with so many benefits administration technology vendors out there, how do you choose the right one? Assess your benefits technology needs.

The Top Payroll Companies in Massachusetts

Genesis HR Solutions

Looking into payroll companies in Massachusetts? But is a payroll company really all the help you need? Keep reading to find out whether your ideal solution is purely payroll, or if you might benefit more from a slightly different option (that still includes payroll services): a PEO.

Your Due Diligence HR Compliance Checklist

HR Digest

This year’s continuing focus on the pandemic and growing concerns over business disruptions means your company needs to make sure its HR policies and procedures cover all areas of HR Compliance thoroughly. HR Compliance Checklist. Employee Files and Records. Benefits.

PeopleStrategy Partners with FinFit to Bring Financial Wellness to Small and Mid-Sized Employers

PeopleStrategy

FinFit’s platform is now available to more than 200 PeopleStrategy clients, offering complete access to essential financial tools and resources to improve employees’ financial well-being. EDISON, N.J.,

How to Process Payroll

Paycor

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). Employee addresses.

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.

4 tips for managing payroll accurately

Sage HRMS

The recent American Payroll Association “Getting Paid In America ” survey revealed that 92 % of American employees are confident that their paychecks are accurate every pay period. Are your employees’ paychecks consistently accurate? This is essential in building employee trust, credibility, and ultimately, loyalty to the company. Payroll mistakes can lead to complex issues beyond employee compensation and can be very costly for your company.

Why You Should be Integrating Payroll with Your HRMS

InfinityHR

The management of workforce payroll is not easy to do if you’ve outsourced it entirely, or if you’re using a separate system apart from your Human Resources Management System (HRMS). that payroll is made up of includes data from employee benefit selections, time and attendance history, bonuses earned from performance management and more. If you’re not integrating payroll with your HRMS, then your business may be at risk to be within non-compliance of U.S.

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.

Tips for Marketing Voluntary Employee Benefits to Your Clients

InfinityHR

The truth is, employees today want more than what employment opportunities have traditionally offered in the past. Those who want to stay ahead of the game have chosen to use voluntary employee benefits as an incentive, with profoundly successful results. Marketing voluntary employee benefits. Marketing voluntary benefits gives companies an extra “wow” factor in the eyes of applicants. Employees are not the only ones to gain from voluntary benefits.

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Empxtrack

Payroll management is time-consuming and complex and requires full business confidentiality. Managing employee data, answering queries, preparing reports and looking into payroll processing, all often at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? 13 percent business owners dislike complexities involved in statutory compliances , 8% dislike inequity of the tax codes and paperwork.

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.

PeopleStrategy and Peanut Butter Partner to Bring Student Loan Assistance Programs to SMB Employers

PeopleStrategy

Being able to offer highly sought-after benefits such as student loan resources and repayment is another way we can help our clients differentiate themselves,” said PeopleStrategy Chief Growth Officer, Jim Prekop. Peanut Butter is the benefits administrator for Student Loan Assistance.

Let the benefits renewal process begin

PeopleStrategy

With the unanticipated challenges facing HR professionals today, starting the employee benefits renewal process is probably not at the top of the to do list. But the reality is, deciding what benefits you will offer employees for the 2021 plan year is perhaps more critical than ever.

Paycor Announces Partnership with Web Benefits Design to Intelligently Integrate Employee Benefits Administration and Payroll Processing

Paycor

Integration Allows HR Leaders to Simplify Payroll and HR Administration with All-in-One Solution. 6, 2017 — Human Capital Management company Paycor today announced an integration with Web Benefits Design, a leading national benefits technology, communication and administration firm. The result is an easy-to-use, full-service solution that delivers immediate and secure access to payroll, HR administration, time-tracking, reporting and benefits information.

Advantages of Outsourcing HR

Asure Software

Before you fill your open HR positions… Consider the advantages of outsourcing HR capabilities: • Save cost • Maintain compliance… The post Advantages of Outsourcing HR appeared first on Asure Software. Human Resource Articles Uncategorized Benefits compliance employee benefits HCM HR HR Hotline human capital management human resources Payroll

Payroll Accounting Basics for Small Businesses

Zenefits

Payroll accounting is the process of recording payroll expenses and liabilities in the general ledger, which is a central repository for the company’s financial accounts. What are payroll expenses? Why is payroll accounting necessary? Payroll expense management.

How HR Automation Can Help With Benefits Compliance

Zenefits

Benefits compliance means adhering to the federal, state, and local laws your mandatory and voluntary benefits are subject to. These agencies may assess penalties on employers whose benefit plans are out of compliance. Trying to run payroll.

Are You Competitive for Talent?

Asure Software

HCM Uncategorized Benefits compliance employee benefits Health and Insurance HR human capital management human resources PayrollAccording to the U.S. Department of Labor, there are currently 1 million more job openings than job seekers. Are you… The post Are You Competitive for Talent? appeared first on Asure Software.

Human Resources as a Service – The Value of Outsourced HR

Asure Software

HCM Human Resource Articles Uncategorized Benefits compliance employee benefits Health and Insurance HR HRaaS human capital management human resources PayrollTwo prominent realities your business faces today: 1. Human Resources is hub of an ever-expanding gamut of functionalities and risk… The post Human Resources as a Service – The Value of Outsourced HR appeared first on Asure Software.

10 Reasons to Switch to Paperless Payroll

FingerCheck

From time tracking to payroll, nearly any business service can now be self-managed completely online. The benefits of going paperless in managing your company payroll are many – here are ten: Document storage : Paperless payroll stores all of your employee payroll data in one easy-to-access place. Payroll records never need to be physically retained (get out your paper shredder!), Employee payroll data is securely backed up and available online. .

Leap Year Payroll: How to Handle 27 Pay Periods

Paycor

If you pay employees bi-weekly, you normally have 26 pay periods a year. True, an extra pay period isn’t exclusive to leap years, sometimes it just depends on which day of the week you pay your employees. How to Pay Employees During a Year with 27 Pay Periods.

What These 5 Shocking Employee Benefits Statistics Mean for Your Broker Business

InfinityHR

It’s becoming more apparent that the opportunity share for benefits brokers is rising year-over-year. Brokers can use these shocking employee benefits statistics to put into perspective that the market for voluntary benefits is two things right now: The demand is beginning to snowball due to both employees’ and employers’ developing requirements to combat an unstable healthcare market. 5 Shocking Employee Benefits Statistics.