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.
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.
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.
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.
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.
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by law to maintain payroll information which is live, you don’t have to worry about making critical decisions based on outdated information.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.
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.
Payroll laws are in a constant state of flux, making it challenging for HR departments to keep up. For example, states all over the U.S. will be increasing their minimum wage in the coming years, which will require changes in the way payroll is processed. Below are some effective tips that will ensure your payroll compliance is always on point.
How accurate is your payroll? Research shows that accuracy for payroll management plays an important role in building loyalty and trust with employees. Errors involving payroll can lead to a number of problems which extend beyond compensation and in severe cases can be very costly to resolve. Here are some ways in which you can ensure your payroll is as accurate as possible.
A quality payroll processing system is a necessity for businesses of all sizes. However, switching to such a system for the first time can be challenging. Here are three important steps you’ll want to take to ensure your payroll processing program is smoothly and correctly implemented.