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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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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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Employees Have Other Options than 401(k) Withdrawals to Manage Financial Hardship

Payactiv

For example, someone could tap into their retirement accounts, triggering taxes and penalties, rather than find better solutions to improve their finances. With over an additional one-third of retirement investors taking hardship withdrawals, many are clearly facing financial difficulties.

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 Financial Checklist for Single Moms

Payactiv

Payactiv offers free 1:1 financial counseling in our app available in the Apple App Store and Google Play if you need support or assistance with your finances. Tip: The Payactiv Visa ® Card* comes with optional goal-based saving to help you put money into your emergency fund automatically on whatever schedule you choose.

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How to Maximize the Value of Your Employer Benefits Package

Payactiv

But learning the ins and outs of health insurance, retirement plans, and payroll perks can help improve your finances. Explore Your Retirement Plan Options—and Get a Full Match. Your employer may offer you a retirement account which is a great perk. Here’s how some of the most common retirement accounts work.

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The Rise of the Gig Economy and its Impact on Employee Financial Security

Payactiv

Things like saving for retirement and keeping track of accounts for tax filing purposes can be tricky and time intensive. Earned Wage Access – a Payroll Solution for the Modern Gig Economy This is where digital on-demand pay or earned wage access (EWA) solutions come in as game-changers.

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

Payactiv

Tapping into this potential requires putting the correct leadership, communication, upskilling, and flexible employee benefits and payroll structures in place. Additionally, many senior citizens feel they must keep working to ensure they can retire comfortably due to inadequate savings and the escalating cost of living.