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There are two instances in which an employee may present you with their Social Security card: for payroll purposes and for I-9 purposes. But, while you can ask that employees show you their Social Security card for payroll purposes, you cannot tell them to use...

18 June, 2021

Most employers must carry workers' compensation insurance. Employers can typically purchase the insurance policy through either the state or a private insurance company. Under a traditional policy, premiums are based on your estimated payroll for the upcoming policy year. This anticipated premium can be paid as...

17 June, 2021

Time and labor (also called time and attendance) involves tracking employees' start and end times, early departures, late arrivals, breaks taken and absenteeism. Payroll involves, among other things, making sure employees are paid correctly based on their time-labor records. The two functions are enmeshed, but at...

16 June, 2021

According to the Bureau of Labor Statistics, 77 percent of private-sector employees received paid vacation time according to 2018 stats. Employers provide paid vacation or PTO as a way of encouraging employee productivity and remaining competitive in the job market. Typically, employees accrue vacation/PTO, up to...

15 June, 2021

Many companies subscribe to myths about payroll. Let us "bust" them for you. 1. I don't have enough employees to use a payroll service   Even if you have only one employee, there's still a lot to be done in terms of payroll. Ultimately, you must ensure that...

14 June, 2021

Currently under the age of 25, Gen Z workers typically represent recent college graduates or those juggling college and a job. Generational profiles indicate that millennials and Gen Z-ers share many similar characteristics; however, there are some key differences between them. For example, Gen Z-ers are...

11 June, 2021

In 2016, the National Automated Clearing House Association (NACHA) reported that 82 percent of U.S. employees are paid by direct deposit, jumping from 74 percent in 2011. Clearly, direct deposit is on the rise. But you may be surprised to learn that, according to the NACHA...

10 June, 2021

An employee's personnel file contains important work-related information specific to him or her. This may include: Job description. Job application. Resume. Employment offer. W-4 form. Employee benefits forms. Emergency contacts. Employment contract. Performance reviews. Complaints from clients or co-workers. Attendance records. Disciplinary actions. Termination records.   Employees...

09 June, 2021

The Internal Revenue Service defines special wage payment (SWP) as "an amount paid by an employer to an employee (or former employee) for services performed in a prior year." SWPs include: Back pay. Severance pay. Accumulated vacation or sick pay. Bonuses. Sales commissions. Deferred compensation. Payments...

08 June, 2021

Bonuses are a form of variable pay that are used to inspire employee loyalty or reward performance, and it's essential to know about the different kinds. Discretionary bonuses   A bonus is discretionary if it's given solely at the employer's discretion and does not cause an expectation of...

07 June, 2021