Any newly hired employees in 2020 must fill out the redesigned W-4.The 2020 version of form W-4 does away with asking people to choose a number of allowances. Instead, you provide certain dollar estimates for the payroll system to use. Elimination of the Personal Allowances Worksheet With...
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...
You may have overpaid an employee because someone entered the wrong information into the system. Or maybe the employee or his or her supervisor submitted inaccurate data. Either way, this type of error is usually easily fixable. You do have to follow certain procedures, however. Reclaiming...
The Board of Governors of the Federal Reserve System maintains a list of federal banking holidays for the current year and the following four years. As 2020 approaches, you should take note of upcoming federal banking holidays and how they may impact your payroll processing...
Legal hassles can arise when you give references for former employees. These former employees might turn around and sue your organization for defamation. Here's a quick review of the ins and outs of giving references for former employees. First the facts: Defamation involves communicating false information. Defamation...
A federal appellate court has rejected a Maryland bed and breakfast's claim that its "reasonable agreement" to provide lodging to an innkeeper exempted it from paying her overtime [Balbed v. Eden Park Guest House, LLC., CA4, Dkt. No. 17-1187, 1/25/18]. The facts. Maryam Balbed was employed...
Employee morale is a measurable, controllable expense. That's the position of Carol Hacker, author of "The High Cost of Low Morale." And according to Hacker, employers and workplace leaders "can beat the negativity that saps employees' energy." Employee morale involves the attitudes of individuals and groups...
The Federal Equal Pay Act (EPA) has been on the books for almost a half a century. President Kennedy signed the legislation in 1963, but it hasn't wiped out unequal pay — nor accusations about it. The Equal Employment Opportunity Commission (EEOC) has made a...
Paid time off (PTO) policies aren't new. The basic concept is to allot employees a fixed number of days into a PTO "bank" for which they can be paid while not working, without designating the time off as sick leave, vacation or personal days. A 2016...
Payroll processing is the core of any business. If you aren’t paying your workers, you soon won’t have a business. As companies grow, payroll becomes tougher to handle with taxes and compliance, which subsequently puts unwanted stress on the company. You may think that outsourcing your...