Payroll

Best Practices For Maintaining Employee Payroll Records

employee payroll records

Jul 18th, 2017 by TRAXPayroll

Record keeping is a fundamental aspect of running a business, especially when employees are present. Their records must be correctly maintained and stored in the right location and format. Below are some additional practices which are highly recommended for maintaining employee payroll records.

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How New Startups Can Tackle Payroll Setup For The First Time

payroll setup

Jul 11th, 2017 by TRAXPayroll

Payroll setup is a process that every startup has to undergo at some point. Many business owners aren’t familiar with this, and may delegate the task to a manager or HR staff member. Regardless, it is important to familiarize yourself with the steps involved as payroll is one of the most important aspects of your business.

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Stamping Out Payroll Fraud In Your Organization

payroll fraud

Jun 20th, 2017 by TRAXPayroll

Research has shown that as much as 5 percent of corporate revenue is lost each year due to payroll fraud. Whether you’re a startup company or Fortune 1000 firm, such losses can have devastating consequences to the long term success of the organization. Below are some techniques for eliminating fraud in payroll.

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Is It Easy To Switch Payroll Providers?

payroll providers

Jun 8th, 2017 by TRAXPayroll

Switching payroll providers can be a challenging process. It implies that you’re not satisfied with your existing provider and given the sensitive and complex nature of payroll this can cause significant distress. Below are some ways to properly select the right managed payroll vendor.

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5 Popular Managed Payroll Questions Answered

managed payroll

Jun 6th, 2017 by TRAXPayroll

Payroll has become a source of stress and anxiety for many firms. This is largely due to the increase in litigation involving work time which is unpaid, with research showing that at least 90 percent of lawsuits filed within the United States involve hourly wages. While some companies choose to outsource payroll to third party firms, others are looking to managed payroll as a solution. Here are some of the most common questions involving it.

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Why Do You Need To Close The Gender Pay Gap?

gender pay gap

May 23rd, 2017 by TRAXPayroll

The gender pay gap has become a contentious issue in recent years. While some companies have modernized and pay their female employees the same as their male counterparts, others continue to maintain the status quo. Below are some of the advantages you’ll gain by equalizing pay for your employees.

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Learn To Determine Pay Scales Like A Pro

pay scales

May 4th, 2017 by TRAXPayroll

Establishing pay scales can be a significant challenge for human resources departments. On the one hand, salaries must be lucrative enough to attract the best talent, but they must also remain within budget. Maintaining a balance between the two can be tricky, but becomes much easier when you follow the steps below.

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How To Deal With An EEOC Complaint

EEOC complaint

Apr 18th, 2017 by TRAXPayroll

If you’re a business owner, you may have received an EEOC complaint through the mail. This means that the Equal Employment Opportunity Commission was sent a notice by one of your employees that they were the victims of discrimination. When receiving such notices in the mail you should respond to them promptly and correctly as they are serious.

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Key Areas In Your Payroll Data To Analyze For Management Reporting

payroll data

Apr 13th, 2017 by TRAXPayroll

Payroll data is a crucial component of businesses and as such can provide important financial benefits. In a nutshell, it tells you where your company stands and how it is doing. It is one of the most frequently updated pieces of data that an organization can analyze, and since you’re required by law to maintain payroll information which is live, you don’t have to worry about making critical decisions based on outdated information. Here are some other areas of payroll that you will want to carefully analyze.

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Payroll Trends That Are Still Going Strong In 2017

payroll trends

Mar 28th, 2017 by TRAXPayroll

The management of payroll has modernized rapidly due to technological advances in mobile devices, software and cloud computing. This has allowed payroll to be further integrated into other aspects of Human Resources. Below are some payroll trends which are expected to continue throughout 2017.

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