A Guide to Employee Benefits in Canada


E mployee benefits in Canada can run the gamut from basic health care plans to travel benefits, company cars, and cellphones, so it’s easy to see why some businesses have trouble deciding what’s best for their organisation. Examples of taxable benefits include: Company cars.

Student Loan Repayment 101: The Lowdown on 2020’s Hottest Employee Benefit


Chances are, you’ve probably heard about student loan repayment as an employee benefit. While innovative, student loan debt repayment as an employee benefit might not make sense for every employer. — What is Student Loan Repayment as an Employee Benefits? .

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The Onboarding Documents You Need to Collect and Keep


In fact, you may collect employee documents during onboarding and throughout the employment period. As the employer, it is your responsibility to keep employee records safe. What Is Employee Data? The forms must be stored separately from other employee data.

4 tips for managing payroll accurately


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? Accurately document onboarding data.

10 Reasons to Switch to Paperless Payroll


From time tracking to payroll, nearly any business service can now be self-managed completely online. Payroll records never need to be physically retained (get out your paper shredder!), as documents can be retained online and instantly made available for as long as you want. .

What is Payroll? A Guide to the Modern Payroll System.


A good payroll system is comprised of many components– but at its core, what is payroll? Payroll refers to a company’s roster of employees and the total wages they are to be paid. There’s a lot to keep track of, which is why we’ve put together this article to help you understand the ins and outs of payroll. . What is Payroll Tax? Employee Type. You’re required to keep all records of an employee’s pay history for at least three years.

How Does Payroll Processing Work?


Processing payroll is one of the most important, but time-consuming and frustrating tasks businesses face. Here’s what’s included: Step 1 – Employee Information Gathering. Human resource managers start by collecting some or all of the following employee information: W-4.

4 steps toward making equal pay a reality at your company


wage gap, but provided you have executive-level support, you can develop an equal pay plan that compensates employees of all genders equally and without damaging the company’s bottom line. Solving the gender gap in employee pay isn’t simple, but it is possible.

What Real Users Love About Their Payroll Department Tools

G2 Crowd

Payroll departments handle the compensation for all employees, ensuring that they are paid on time and that the correct deductions are withheld. But what are the features that payroll departments value most in their payroll software? Patriot Payroll.

Paycheck Protection Program (PPP): What You Need to Know About Payroll Protection


You need payroll protection. This offers federal guaranteed loans to businesses with fewer than 500 employees to cover payroll and other essential costs. And here’s the best part—if you use the funds to retain (or rehire) your employees, the loans don’t need to be repaid.

9 FMLA record keeping requirements employers need to know

HR Morning

When an employee goes on FMLA leave, it can pay to double-check that your FMLA record keeping processes are up to snuff, should your FMLA administration/processes ever be called into question. . The records must contain basic payroll and other data detailing the employee’s compensation.

The Payroll Setup Checklist: everything you need to know to get started


Between browsing different platforms, managing your employee data, and conducting the appropriate research, the process of switching payroll services or starting a new one has a lot of moving parts. Is this what’s best for my employees? To get started on a new payroll system, there are a few pieces of information you’ll need to have ready– here’s our payroll setup checklist. The Ultimate Payroll Setup Checklist: Federal Tax Information.

PPP Loan FAQs for Employers


It states: “You must… submit such documentation as is necessary to establish eligibility such as payroll processor records, payroll tax filings, or Form 1099- MISC, or income and expenses from a sole proprietorship. ” What is included in employer payroll costs?

Cafe Classic: If I Shred It, Will I Dread It?

Compensation Cafe

on document retention. Are your personnel and payroll files bursting at the seams? Are you ready to oil up the shredder and start turning old payroll records into compost , biofuel , or fodder for a practical joke ? .

Missing Participants Errors Now Top DOL, IRS Audit Focus, Nudging Out Late Payroll Deposits, Winston & Strawn Says

HR Daily Advisor

Highest on the list of issues that will drive thousands of employee benefit plan audits by the DOL and IRS in 2018, according to Winston: treatment of missing participants and beneficiaries. DOL) Employee Retirement Income Security Act (ERISA) fidelity bonds.

Be Aware of Common Mistakes in Employee Retirement Plans

HR Daily Advisor

Employee benefits and retirement plans must comply with various laws and regulations to maintain their tax-qualified status. Some errors that can cause a plan to lose its tax-qualified status may occur in the underlying plan document. Missing employee deferrals.

ERISA Record Retention Requirements In Plain English


The Employee Retirement Income Security Act of 1974 requires that you retain important plan documentation. ERISA requires you to retain plan documents and employee benefit plan information for a few good reasons: Being Ready for Audits. Fiduciary Plan Documents.

An Internal Plan Audit Team Essential for Anticipating Changes

HR Daily Advisor

This includes complying with the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), and the regulations under both. This column takes a look at best practices and benefits of establishing an internal plan audit team. s Tax & Employee Benefits Law group.

Attract And Manage Top Talent In Your Small Business


For a small business owner, attracting and managing these vital employees can be a source of high anxiety. Stand out with your benefit offerings. Implement a bonus structure in addition to annual compensation to attract and incentive your employees. Improve employee engagement.

Form 5500 Instructions: 5 Steps to Filing Correctly


When it comes to employee benefit plans, the government requires punctuality. Offering pension benefits and other employee benefit plans is a noble thing to do. Which schedules you’re required to fill out depends on what type of benefit plan(s) you offer.

What to Include in an Employee Handbook

Patriot Software

As your small business grows, you will need a strong employee handbook to set expectations for employees. Knowing what to include in an employee handbook can help you better enforce your business’s rules and policies. What should you include in an employee handbook?

Tipping the Scales from Prevention to Detection: Get Ready for an IRS Examination of Your Plan

HR Daily Advisor

It takes the collective effort of specialists, both plan sponsor personnel and dedicated specialists such as the third-party administrator; the plan’s financial statement auditor; the investment adviser; and the plan’s Employee Retirement Income Security Act (ERISA) attorney, as applicable.

Mastering Tough FMLA Issues: Effectively Managing FMLA Investigations by the DOL

HR Daily Advisor

In the last installment , we focused on employees who do not have job restoration rights once they return from leave. For employers, this means that if the DOL comes on-site, employers can expect an FMLA check, document requests, and DOL interviews of supervisors and employees.

QSEHRA Plan: Health Insurance Alternative for Qualifying Small Employers

Patriot Software

Under the Affordable Care Act, you must provide health insurance if you have 50 or more full-time equivalent employees. A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is a tax-free employee benefit. You must fund your employees’ arrangements on your own.

How Long You Should Keep Business Records For


Time and day of week when employee’s workweek begins. Basis on which employee’s wages are paid (e.g., “$9 per hour”, “$440 a week”, “piecework”). All additions to or deductions from the employee’s wages. Payroll Records.

Pre-Boarding: Bring High Tech and High Touch to Onboarding

HR Bartender

For more than a half a century, Xerox has been a leader in document technology and services. And they also want to know about things like when they’re going to get paid and how to sign up for benefits. The hiring manager has invested a lot of time finding the new employee.

Ask the Expert: Does Change to Part Time End Employee’s Benefits?

HR Daily Advisor

We have a question about part time employee benefits. If we have employees who change from full-time status to part time, they may not have enough payroll to cover their benefit cost. The plan documents will also likely explain eligibility requirements.

Prepare for Targeted Attacks on High-Value Data

HR Daily Advisor

They’re getting so old but payroll departments are still falling for them,” he said. This document breaks cybersecurity activities down into five basic functions: identify, protect, detect, respond, and recover. Benefits breach notification cybersecurity New York Law payroll

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Make Your HRIS Work for You!


Many companies turn to an HRIS for a couple of fundamental reasons – they need a place to store their employee information and a way to process payroll. However, there are many other ways that you can make your HRIS work for you, and provide strategic value to both the employee and employer. Systems can provide a location/field for an employee or employer to upload their educational data, including level of education and degrees obtained.

The Definitive Guide to PPP Loan Forgiveness: FAQ and Guidelines


Loans will be forgiven as long as: The loan was used to cover payroll costs, mortgage, interest, rent, and utility costs over the 8-week period after the loan is paid; and. Employee and compensation levels are maintained. Employee benefits, health premiums and retirement benefits.

PeopleStrategy® Appoints Accomplished HR Industry Leader Jerry Tasker to Lead Client Services


He gained deep expertise early in his career leading technical and functional aspects of payroll delivery at Delta Air Lines. EDISON, N.J.,

What is a PEO? – Top 10 FAQs Business Owners Have About PEOs

Prism HR

It’s your responsibility to ensure your employees are paid on time, stay safe throughout the workday, and have access to benefits like workers’ compensation, health insurance, and 401k. Can I use a PEO for payroll? Can I use a PEO for benefits? Can I use a PEO for payroll?

Follow These PPP Loan Forgiveness Rules, Plus FAQs


Loans can cover: Payroll costs, including salary wages, commissions or tips (capped at $100,000 for each employee). Employee benefits, health premiums and retirement benefits. Businesses should issue 75% of the loan to paying employees.

Broker Forum: Addressing 5 Key Technology Pain Points


This constant change is impacting all stakeholders: employees, administrators, brokers and technology providers. Technology is changing the way that benefits are bought, sold and managed – and the change is happening fast. of this accounted for employee benefits (31.7%

What Does A PEO Relationship & Agreement Look Like?

Genesis HR Solutions

A PEO agreement (also known as a PEO client service agreement) is a legal document that precisely spells out who’s responsible for what in the co-employer arrangement. In addition to identifying responsibilities of each party, the agreement also defines what employees are covered under the agreement. A PEO agreement (also known as a PEO client service agreement) is a legal document that precisely spells out who’s responsible for what in the co-employer arrangement.