Employers are not legally allowed to stop their employees from discussing payroll, even amongst one another. Additionally, they are also prohibited from taking any adverse action against employees for such discussions, as doing so infringes upon the rights that employees have been given under the NLRA, or National Labor Relations Act, Section 7.
Today in the corporate world, most employees will expect employee benefits and salary increases over time. The wages they are paid should ideally be in line with inflation, and is a way of rewarding them for good work. However, figuring out the proper amount can be tricky. An employer should take into consideration their morale, schedule market averages, and their performance.
No legal mandate currently requires companies to offer severance pay to their employees. However, many businesses will provide it in the event that an employee terminates. In most cases the amount will depend on the length of time in which they’ve been with the company. Some companies will give a week’s worth of pay for each year someone has been employed, or a flat rate which is the equivalent of six work weeks. The severance may be split into separate payments or given all at once.
While mistakes will occur from time to time, one area where it should be minimized most is payroll. Small businesses especially are susceptible to errors since they lack the personnel and resources of their larger counterparts, making it challenging for them to keep up with constantly changing regulations. The worst thing about these errors is that even if they are not intentional, if not quickly resolved they can land you in hot water with the Internal Revenue Service. Below are three common payroll errors to watch for this year.
Payroll departments handle a lot of sensitive data on a daily basis, including addresses, wages, bank account details and social security numbers. As a consequence should this payroll data become compromised the consequences can be absolutely devastating. Below are some steps to ensure it doesn’t happen.
There are a number of things that employers and their employees should be aware of for 2018. While the start of a new year can be a sluggish transition for some, for others it can be a storm of activities involving meetings, deadlines and the establishment of goals. Regardless of which spectrum you fall under, below are payroll and tax info for this year that you need to know. Read More
To negotiate the most desirable payroll salary, you must emphasize the interests of each side, while maintaining principles which are ethical. It is best to avoid rigidity in favor of flexibility, and you should also do your research prior to beginning negotiations so you can be sure you have firm ground to stand on. Below are some additional best practices.
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.
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.
One strategy used by payroll departments is to lower costs and boost productivity is documenting various department processes, finding components which are nonproductive and then altering or eradicating them entirely. Below are some reasons this method is effective, and ways in which it should be done.