Beginning on January 1, 2023, the minimum wage for work performed on or in connection with federal contract work will increase as follows: For contracts covered by Executive Order 13658: the minimum wage will increase to $12.15 per hour and the minimum base wage for...
Have you heard about pay transparency? It’s the idea that companies should be open with employees and applicants about pay and, more broadly, what factors they include when making decisions about compensation. It’s no secret that expectations around pay have changed, and employers need to pay...
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,...
Please refer to these instructions if you’re an existing Payroll Partners client that uses our timekeeping system to submit employee hours to your payroll processor. For those clients that enjoy personalized customer service and enlist the help of our Payroll Processors to process payroll for them,...
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...