December 2017 Archives

Best Practices For Distributing Gifts At The Workplace During The Holidays

distributing gifts at the workplace during the holidays

Dec 22nd, 2017 by TRAXPayroll

Some holiday gifts are appropriate to give to your colleagues at the workplace, while others are not. Giving a gift which is inappropriate could result in an awkward moment, or even cause tension between departments. Here are some best practices for ensuring that this doesn’t happen.

Remember That Everyone Has Different Tastes

The most challenging aspect of workplace gift giving is ensuring the gifts you provide are in accordance with the tastes of the recipient. A common mistake which is made by those who purchase gifts is selecting items based on their tastes as opposed of those of the recipient. This is a losing scenario for you and the recipient, as you’re wasting money on something they will end up not using or possibly even tossing in the trash.

Don’t Buy Your Boss A Gift Just Because They Give You One

If your boss gives you a gift during the holidays, rather than going out and buying them one in return, write up a nice thank you letter which acknowledges you have received it and show your gratitude. The trouble with buying your boss a gift is that you might not know what they want and you could appear to be “sucking up” which is never a good impression.

If You Buy A Gift For One Colleague, You Should Probably Buy One For Everyone

Favoritism is not a trait you want to demonstrate, especially during the holidays. Everyone has colleagues that they prefer over others, but you should never make it too obvious. So, if you decide to buy a Christmas gift for one person, you should ideally buy one for everyone in the department, and if your budget won’t allow it, then it’s probably best not to buy any gifts at all, as you don’t want to create hard feelings among others.

Know Your Company’s Culture

A gift which is appropriate for a colleague that works in a large business like Apple might not be appropriate for a colleague that works at a smaller business. Before shopping for gifts, you should carefully examine the culture of your company. Generally speaking, the more relaxing the company environment, the wider range you will have in the gifts you select. Learn the hobbies of your co-workers and listen to them during conversations to find out what interests them and what items they’d like to buy.

You should also purchase and distribute the gifts in advance since your co-workers will do their own Christmas shopping and may inadvertently buy the same things that you’ve already purchased. Distributing gifts to co-workers and especially your boss is a gesture that is personal, and it must be done in the right way, otherwise the feelings of one or both sides could be hurt, which won’t help company morale. Remember, you’re spending your hard-earned money on gifts with the expectation that those who receive them will be gracious, and following these tips will ensure they are!

Get To Know About 1094-C & 1095-C For Mandatory 2017 Reporting

1094-C and 1095-C

Dec 21st, 2017 by TRAXPayroll

In September, the Internal Revenue Service introduced the 1094-C and 1095-C forms, which should be applied towards 2017 mandatory reporting. Below is what you need to know about these documents and how they should be used.

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How To Effectively Protect Cloud Payroll

cloud payroll

Dec 19th, 2017 by TRAXPayroll

Payroll data is highly coveted by cyber criminals today. Should it fall into their hands, the consequences will be horrific. The information will either be quickly sold to third parties or used to commit identity or digital theft. Companies which fail to secure their employee’s time and labor data and other salary information could find themselves hit with multiple lawsuits and crippling fines. As a consequence, many HR departments have looked for new ways to secure data, with cloud computing being one of the most popular. Below are some tips for effectively securing cloud payroll.

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Why You Should Eliminate Manual Timesheet Records

manual timesheet records

Dec 14th, 2017 by TRAXPayroll

Believe it or not, some HR departments are still processing their timesheet records by hand. While this is common among smaller businesses, there are a number of downsides to doing so, and these disadvantages will become more serious as the company grows in size. Below are some reasons why you should phase out manual timesheet records.

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Taking International Payroll To The Next Level

international payroll

Dec 12th, 2017 by TRAXPayroll

International expansion is a fundamental requirement for any business to become a multinational corporation. While this presents significant opportunities, it also increases responsibilities, one of which is managinginternational payroll. Below are some best practices for this process.

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The Challenges of Complying With Multiple State Taxation

multiple state taxation

Dec 7th, 2017 by TRAXPayroll

Transitioning from a business which operates in a single state to one that operates in multiple states is an important step towards becoming a large business, one of which business owners should be proud. However, while it presents many opportunities, there are also challenges, one of the most poignant of which is multiple state taxation. Below are some ways in which employers can deal with this situation.

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How HR Can Prepare For The Arrival Of Artificial Intelligence And Robots

HR

Dec 5th, 2017 by TRAXPayroll

Advancements in both robotics and artificial intelligence are set to change the way many industries operate, disrupting and overturning existing methods and processes in favor of new ones. While both small businesses and large businesses will benefit handsomely from these upcoming changes, others who fail to adapt will be left behind. Below are some ways HR can ensure robotics and AI works for them instead of against them.

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