article thumbnail

Top 15 Tips to Track Payroll Metrics

HR Lineup

Payroll management is a critical aspect of any business, regardless of its size or industry. Accurate and efficient payroll processing ensures that employees are compensated correctly and on time, while also helping businesses comply with various regulations and tax requirements.

Metrics 52
article thumbnail

What is Payroll Funding in Staffing?

Recruiters Lineup

Staffing agencies often struggle to meet payroll obligations while awaiting payment from clients. To address this challenge, agencies turn to a specialized financial solution called payroll funding. If you want to learn more about payroll funding in staffing, we have prepared this article for you.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Strategic Compliance: Wage Garnishment Risk Avoidance

HR Bartender

Some people might look at the title of today’s article and say, “Wage garnishments? That’s the payroll department. Payroll departments do handle the processing of wage garnishments. We need to know how to answer questions and support payroll processing. Wage garnishments happen more often than you might think.

article thumbnail

Payroll Costs: An Overview of Total Expenses

Zenefits

Payroll costs are all the costs that an organization needs to pay to compensate its employees for their labor. These costs include, but go beyond, wages and salaries. For many businesses, the cost of payroll is one of the largest, if not the largest, category of expenses. Payroll costs can be categorized as direct or indirect.

Payroll 36
article thumbnail

10 Ways to Keep Your Hourly Employees

As the battle for talent rages on, you need a strategy to get and keep great workers. 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.

article thumbnail

4 compensation strategies to respond to rising minimum wages

HRExecutive

That’s the sound of 27 states implementing minimum wage increases in 2024 or in the near term via annual indexed increases or tiered jumps. per hour for non-exempt workers. . per hour for non-exempt workers. The minimum wage in the remaining states ranges from $8.75 according to a Paycom report.

article thumbnail

Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Overtime Pay: Compensation for hours worked beyond regular working hours, often paid at a premium rate. Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits. However, their value goes beyond just their salaries.