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What Are Payroll Costs – A Quick Overview

Payactiv

Payroll expenses are the costs associated with compensating people for the work they do for your business – whether they’re full-time workers, hourly workers, or contractors. An Explanation of Payroll Expenses. Payroll expenses represent all the costs an employer incurs to compensate its workers for their labor. Payroll Taxes.

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Tackling Logistics Labor Shortages: Why Employee Benefits Are Key

Payactiv

Experts have proposed several solutions to end the labor shortage and, in this article, we’ll focus on how employee benefits can help resolve this problem for companies and consumers alike. Many workers haven’t returned to work because they decided to switch careers in the pandemic, while others retired early.

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Payroll Best Practices for 2022 and Beyond

Payactiv

Whether a monthly, bi-weekly, or weekly pay schedule, payroll is typically done via a payroll system. If that’s how payroll currently operates in your organization, why not make 2022 the year to make a change? In this article, we’ll explore some best practices that can take the pain out of payroll in your business.

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Unlocking the Potential of Your Multi-Generational Workforce with On-Demand Pay

Payactiv

A multi-generational workforce promotes diverse thinking and can offer significant business benefits. Tapping into this potential requires putting the correct leadership, communication, upskilling, and flexible employee benefits and payroll structures in place. Gen-X workers might be seeking better retirement benefits.

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How to Maximize the Value of Your Employer Benefits Package

Payactiv

Be honest: Do you completely understand your employer’s benefits package? But learning the ins and outs of health insurance, retirement plans, and payroll perks can help improve your finances. We’ll take you through the basic nuances of some of the most commonly-offered employee benefits so you can focus on building your career.

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Beyond EWA: 3 Financial Wellness Benefits to Boost Employee Satisfaction

Payactiv

Financial stress is pervasive among employees, with 97% reporting stress and 80% concerned about inflation. Earned Wage Access (EWA) is an in-demand financial wellness benefit that gives employees access to pay accrued but has yet to be received. As inflation and the cost of living continue to rise, employees feel the squeeze.

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10 Best Financial Wellness Software in 2023

HR Lineup

It empowers users to make informed financial decisions through interactive lessons, budgeting tools, and retirement planning calculators. DailyPay DailyPay provides employees with on-demand access to their earned wages, helping them bridge financial gaps between paychecks.