This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Department of Labor changes to overtime pay, Kronos has published a research brief on The Changing Face of Wage and Hour Law. You can download it on their website. (Editor’s Note: Today’s post is brought to you by our friends at Kronos , the global leader in delivering workforce solutions in the cloud. Enjoy the post!).
What’s your payroll budget for a given month and/or quarter? Of course, these tasks take managers away from responsibilities like monitoring finances, ordering stock, finishing payroll, conducting performance reviews, and interviewing would-be job candidates (assuming there are some resumes on hand). Is scheduling retail workers easy?
Risk or reward—that’s the key question HR due diligence aims to answer when evaluating human capital before a merger or acquisition. Do the assets outweigh the liabilities? What risks are hidden? How can talent and leadership be maximized? What happens after the deal closes? How well will teams, systems, and cultures integrate? Its purpose?
explores how employees spend their time on the clock and if the standard 40-hour workweek is most effective. That’s why I wanted to share with you some information about an upcoming event dedicated to HR and payroll professional development. Agenda: Kronos HR & Payroll eSymposium. Part one, “ The Case for a 4-Day Workweek?
Not only is great leadership important, but upward movement, flexibility, and benefits like earned wage access can make all the difference. Discover what hourly workers want more than money, including: Career Advancement & Learning Opportunities. Flexibility, Paid Time Off, & Leave. Payroll Options & Earned Wage Access. …
Make Payroll a Strategic Advantage With On-Demand Pay Join us at The 41st Payroll Congress to learn why on-demand pay is this year’s hottest benefit that employees are asking for. Get all your payroll-related questions answered 1-on-1 and learn how DailyPay can improve employee productivity, retention and more.
In this article, you’ll learn: What is HR outsourcing? Here are some common examples: Payroll and benefits administration Policy creation Employee relations Training and development Performance management Compliance Recruiting, hiring and onboarding Should YOU outsource HR? Does payroll take up a large chunk of our time?
one system for payroll, another system for time tracking and another for employee benefits management), to disruptive software upgrades and limited reporting capabilities. It can also lead to costly errors and even fines when wage and hour regulations aren’t followed. Expensive, time-consuming IT support and add-ons.
There are many reasons why organisations might consider outsourcing payroll. An obvious one is to free up more time for in-house HR or payroll teams, which can also generate savings on new recruits, administration, and training. Yet there are clear signs that should act as warning bells that it’s time to make the change.
Ever-changing wage and hour laws and regulations on the state and federal levels. Download the Report. When you put stratus time’s time & attendance software to work for you, you can leverage our team of programmers, technicians, and compliance experts to help you keep up with changing wage and labor laws.
It outlines all the financial and employer-paid benefits an employee receives, including bonuses, incentives, retirement contributions, health insurance, paid time off , and other perks like wellness programs or tuition reimbursement. Sound like a game-changer? Contents What is a total compensation statement?
Undoubtedly, payroll is one of the most taxing yet crucial tasks that an organization has to manage, and it must be done carefully to improve employee morale and keep compliance issues at bay. Modern, cloud-based payroll management systems are loaded with several useful features that make payroll processing breezy and convenient.
Download Everything you need to know about PEOs: A step-by-step guide. Like almost every other industry, professional employer organizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professional employer organizations and why you should consider partnering with one. million to 3.7
When going from a paper-based to an electronic based HR system, there are many changes to adapt to, a lot of new information to learn, and many challenges that arise. It is pretty common to hear about hacking leaks where people have their personal information listed online. This is true for businesses as well. Analyzing change.
The year-end payroll period is serious business for payroll teams and pros responsible for payroll administration. Our guide will help you navigate through your company’s year-end payroll process smoothly and accurately so that you can start focusing on the new year ahead hassle-free. And while tedious, it must be done.
Here’s how developing an accurate labor model for your business can dramatically improve productivity and protect profits as well as tips for building or upgrading your own. Let’s start with defining a labor model, which describes the relationship between business demand, such as sales or volume and labor demand, expressed in hours or wages.
To avoid all of this stress, a viable alternative approach is reducing work hours. To avoid all of this stress, a viable alternative approach is reducing work hours. In this article, youll learn how a reduced work schedule can help your organization cut costs while maintaining operational efficiency.
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. 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.
Does the system integrate easily with your current payroll software? Do you want an intuitive, out-of-the-box solution that you can use with little or no training, or are you willing to attend a training for more robust functionality? Most Time & Attendance Software Solutions Sound the Same. a flexible solution.
HR managers who do not fully automate lose an average of 14 hours a week completing tasks manually than can be automated. HR managers who do not fully automate lose an average of 14 hours a week completing tasks manually than can be automated. Payroll is the most commonly automated aspect of HR today.
Modern online recruitment tools are changing the game. This enables easy search and analysis, saving you hours of manual work. Every day a role stays open costs your company thousands in lost productivity. The average hiring cycle has ballooned to 44 days in 2024that’s nearly two months of missed opportunities and team burnout.
Data from the Harvard Business Review shows that 88% of employees give some or heavy consideration to benefits like health benefits and flexible hours. With the unemployment rate hovering at an historic low of 4.1% Calculate it, then compare your employee retention and staff turnover with other businesses in your industry. Source: Indeed.
This blog was written by Mehana Currie, VP of Payroll at Helpside. Whether an employee’s termination is voluntary or involuntary, it’s important for employers to understand their responsibilities of when and how to properly pay an employee. The difference between the two is determined in who initiates the end of the employment relationship.
Manage potential payroll issues that occur when you have a mix of salaried and hourly employees working side-by-side. Read the report, “Gain New Flexibilities in Workforce Management,” to learn how stratus time can give new organizations new ways to meet the demands of the modern workforce. Read the Report.
Also read: The Impact Of Machine Learning In HR. One company already operating a blockchain-based payroll system is Bitwage , a San Francisco-based organization that uses the technology to facilitate cross-border payments through use of Bitcoin. Will what the tech journalists say be true? Many companies do. Blockchain.
Traditional payroll practices, while fundamental to nearly every business with team members, have become outdated. Handing your payroll over to a bureau has long been the default option—simply because there hasn’t been a better alternative. Migrating payroll solutions involves time and effort. What is payroll management?
If you rely on independent contractors, they will fall outside of your co-employment relationship with a PEO and outside of their payroll system. Wage and hour compliance. Ensuring wage and hour compliance is another responsibility that remains with the company when you enter a co-employment relationship with a PEO.
The debate on minimum wage has raged on, especially in the past few years. For instance, fourteen US states and several cities are progressing with their own wage hikes. In fact, most of them have already taken measures to increase wages based on inflation. EBOOK Maximize Billable Projects & Hours. Maximize Revenue.
Running a small business comes with unique challenges, and managing payroll is one of them. And that’s because payroll is complex! The intricate dance of hours worked, taxes, and compliance can be enough to give any small business owner a headache. However, fear not!
A traditional 401(k) plan limits business owners, company officers, and high wage earners, often referred to as highly compensated employees (HCEs) in how much money they can contribute to the plan. Looking for a clear, thorough guide to the entire payroll process for small businesses? Download The Small Business Guide To Payroll.
However, COVID-19’s impact on the economy has also impacted management and employees, with many organizations needing to reduce hours or temporarily lay off staff to remain operational. For 2021, 13% of organizations plan to freeze their salaries. to 3.0%”. . The news isn’t all bleak, however. compared to the same quarter last year.”
Payroll laws. However, it shouldn’t scare you off from hiring out-of-state remote employees. A good small business accountant will be able to help you stay compliant with payroll tax deadlines and requirements for all states in which you employ people. Now, remote work has become the norm. However, that isn’t always the case.
Midwest Security Services needed an HCM company who could provide accurate payroll and tax withholdings. The experience of using Paycor’s payroll is clean and easy—and that’s something I need. Local taxes not accounted for during payroll. Took too long to get payroll reporting. Seamless, streamlined payroll.
Annually, businesses squander over 80 hours (or two work weeks) on payroll taxes alone. In our Definitive Guide to Payroll , we cover a broad range of topics, from how to tax supplemental wages to more basic matters, like determining which pay frequency is right for your company. Our payroll guide has you covered, too.
By comparing the responsibilities of each role within your organization, you will learn how to allocate wages fairly to remedy pay discrepancies. Benefits of job evaluation Job evaluation methods Job evaluation template to download Job evaluation process: 4 phases Job evaluation examples FAQ What is job evaluation?
The survey of 1,000 workers, conducted by HR and payroll software provider Ciphr , revealed some interesting findings on the types of careers that people consider to be rewarding, with nearly 220 different jobs cited – ranging from vet to accountant and cybersecurity specialist to HR manager. What do nurses earn?
What is Payroll Software? Payroll Software automates managing employee salaries, wages, bonuses, and deductions. It also tracks time off, vacation accrual, and benefits. It is designed to help businesses accurately and efficiently manage their payroll processes in compliance with relevant laws and regulations.
EVO needed an HR and payroll company who could handle their variety of job roles and accurately track overtime. Erin Miller, EVO HR and Payroll. With their previous provider, overtime wasn’t being calculated accurately, resulting in a payroll correction that took eight months to fix. Seamless, streamlined payroll.
Green initiatives – are they compatible with payroll needs? Unless you’ve been off the planet Earth for the last few years, you know that Americans, in their homes and at work, have heard the call to reduce, reuse, and recycle. Payroll has opportunities to “go green” in many ways. How do you turn a payroll team green?
Wage Payment . Another wage law relates to overtime pay. times their regular pay rate for hours worked past 40 hours a week. These are just a few of the many wage laws that may affect your small business. . Harassment Training . Not staying in compliance can hurt your business and your employees.
Anyone who’s ever run payroll knows that it is a detail-oriented, sometimes arduous process. Anyone who’s ever run payroll knows that it is a detail-oriented, sometimes arduous process. We've created this checklist to help you be more confident with your payroll processing. Payroll Processing Checklist: A Template.
The employee onboarding process is key to laying the foundation of the employee-employer relationship. A well-designed onboarding program positively impacts performance, job satisfaction, and employee retention. Contents What is employee onboarding? It’s a key stage of the employee life cycle. The purpose of an onboarding period is two-fold.
Your business must make a good impression on job candidates from the moment they see your job posted online. Your business must make a good impression on job candidates from the moment they see your job posted online. It’s even more likely to happen if the person’s expertise is highly specialized or hard to find.
What is Payroll Software? Payroll Software automates managing employee salaries, wages, bonuses, and deductions. It also tracks time off, vacation accrual, and benefits. It is designed to help businesses accurately and efficiently manage their payroll processes in compliance with relevant laws and regulations.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content