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...
Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted...
Earned wage access has become a popular benefit among employees. While it offers financial flexibility to both salaried and hourly workers, it is particularly in demand for hourly workers. When financial stress in the workforce is high, earned wage access can provide employers with a...
Regardless of your level of involvement in payroll, there are certain payroll terms that you should know. Click through for a roundup of words that are commonly used in the payroll industry. After-tax deductions These deductions are subtracted from employees' wages after pretax deductions and payroll...
As a way of promoting equal pay in the workplace, both state and local governments are starting to enact laws pertaining to pay equity. However, in recent years, pay equity has evolved to take on a new meaning. In certain jurisdictions, pay equity is not...