Payroll is one of the most important functions a business is responsible for, and it is critical to make sure it is done correctly. As such, many businesses choose to either outsource the process to a third party firm or use payroll software to streamline the process. Below are some things you should know about both options.
Regardless of how many times you’ve done it, open enrollment can be a bit tedious. As a result below are some tips that have been developed by many large businesses to ensure the process is as seamless and hassle free as possible. It includes all the things you should be doing prior to, during and after open enrollment has been completed.
Advances in computer and networking technology have drastically changed the employment landscape. It has allowed for the growth of a remote workforce which can complete complex projects over vast distances without being in the same building, city or even country. While the majority of employees throughout the world must still be physically present in most industries, the remote workforce is seen by many as being the wave of the future. Below are some benefits you’ll gain by using it.
One of the many taxes that business owners are responsible for paying is FICA. But what is it? How is it used? Anyone who is not a sole proprietor, and who employs at least one employee must pay this tax. Below are some things you should know including how it should be calculated.
Payroll deductions are costs which are applied to the checks of employees every pay period. This means that the employee’s gross pay will always differ from the net pay, due to these deductions. Some deductions are mandatory while others are voluntary. While some deductions are levied by the state, others are federal. Below is a list of them.
Payroll taxes in California are distinct from other parts of the country. It is one of many costs which extend beyond employee wages, and employers must know how to compute them, as well as what to contribute, withhold and the proper filing procedures. Below are the most important things you should know.
The U.S. is comprised of 50 states which each have its own rules and local employment regulations, some of which can differ widely from one area to another. Therefore, companies new to a jurisdiction or which plan to expand into another state must ensure they are compliant with the local employment laws. Below are some tips for doing this.
Employee benefits are constantly improving, so it is important for employers to keep abreast of the changes that are occurring in their respective industries. This will ensure that they will continue to attract and retain the top talent. Here is a list of the top benefits for 2017.
As insurance premiums and medical costs continue to increase, business owners are looking for new methods to lower their insurance related expenses. One common way of achieving this is by raising health plan deductibles. However, transferring the cost to workers can be problematic to employers, especially when it comes to hiring the top talent. Therefore, another option for dealing with rising deductibles is to package a medical plan which is high deductible with a HRA and HSA. Each can be used to fill the gap for a low and high deductible while simultaneously lowering insurance premiums.
Both the workplace and market are in a constant state of flux, requiring managers to overcome multiple challenges while striving to stay competitive. They depend heavily on human resources, and below are some tips that will help managers capitalize on HR in a manner that will maximize their efforts.