The endgame is accurate and timely employee paychecks. How do you get there? Have a payroll plan that outlines what the procedures are to get to your goal. The plan should describe how employees document and submit time. Use a reliable timekeeping system. A computer-based system...
Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally,...
Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws you’ll need to be compliant with. Labor laws were created to protect employees’ rights. If you’re vigilant, you...
Question: An employee let us know their paycheck was short. Can we wait to pay the difference on their next check? Answer: Don’t wait. If the employee was underpaid, it is in your best interest to pay the employee the difference immediately. Wages are due on the...
Employers are scrambling for top talent in a turbulent market. Recent reports published by Statista Research Department show a sky-high inflation rate of 8.3%, baby boomers retiring in droves, and over 47 million people quitting their jobs. So, are companies doing enough to stay attractive...
During the normal course of business, managers are typically required to have conversations with their employees regarding compensation. These discussions often revolve around setting pay expectations, communicating pay changes and responding to employees' questions about pay. Setting pay expectations As stated in an article published by...
Studies show that the vast majority of employers use payroll software, which saves time by automating manual processes and decreasing administrative labor. The software calculates gross-to-net wages and enables direct deposit payments. However, there's more to payroll than paying wages. To meet your other payroll needs, the...
Question: We would like to reclassify an employee from exempt to nonexempt status. Is it okay to do this? What do we need to do to change their status? Answer: Yes, it’s possible to make this change. Any employee can be classified as a nonexempt employee,...
Question: We’ve received suspicious emails that appear to be from employees asking to change their direct deposit information. What should we do? Answer: This is likely a phishing scam—a type of con in which scammers use emails, texts, or phone calls to trick someone into providing...
In 2022, the Federal Emergency Management Agency has declared over 60 natural disasters across the United States. Deadly fires in the West and Southwest, flooding in Puerto Rico, Kentucky, Minnesota and Alaska, water supply crises in Mississippi and the U.S. Virgin Islands, and severe seasonal...