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by law to maintain payroll information which is live, you don’t have to worry about making critical decisions based on outdated information.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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Tackling Payroll Compliance Like A Pro

payroll compliance

Mar 21st, 2017 by TRAXPayroll

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.

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How You Can Ensure Accuracy For Payroll Management

accuracy for payroll management

Mar 7th, 2017 by TRAXPayroll

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.

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A 3-Step Guide For Changing Your Payroll Processing System

payroll processing system

Feb 21st, 2017 by TRAXPayroll

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.

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Keeping Your Payroll Data Safe

securing payroll data

Feb 9th, 2017 by TRAXPayroll

Statistics indicate that fraud associated with payroll data comprised over 10 percent of global corporate fraud cases, with enterprises suffering an average loss of approximately $50,000 annually. While $50,000 may not be much to Fortune 500 and 1000 companies, it can cripple small businesses and if trends continue, this amount is expected to grow. Below are some steps to ensure that your company doesn’t become victimized and can safeguard your payroll data.

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What You Should Know About Wage Garnishment

wage garnishment facts

Feb 7th, 2017 by TRAXPayroll

Wage garnishment is an issue that every employer will face at some point, but many employers know little about it. However, it is a key aspect of payroll that employers will need to familiarize themselves with, so here’s a mini lesson on wage garnishment.

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Why Should You Opt For Direct Deposit Solutions For Payroll?

direct deposit solutions

Jan 19th, 2017 by TRAXPayroll

One of the most important aspects of operating a business is compensating employees. Not only does Payroll involve how much you’ll pay your workers, but also how and when. While many employers continue to pay their workers through old fashioned paper checks, there are a number of advantages you’ll gain by switching to direct deposits. These benefits can be broken down into three main advantages, which are security, convenience, and cost.

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