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 can avoid financial headaches. Here’s some advice to stay on track with labor law requirements:
Posted in Payroll, HR & Benefits
Finding talent is an issue for nearly all businesses. There are many reasons for this, but the top three may be (1) adjusting to a new normal that is not yet fully formed, (2) the generational shift in leadership, and (3) the scarcity of talent. The result of this confluence of issues is that leaders must be able to be flexible. One of the ways they need to be flexible is learning new ways to manage a multigenerational workforce.
Posted in Payroll, HR & Benefits
Payroll compliance is about meeting your payroll obligations as required by law. Learn how your organization can stay compliant.
Posted in Payroll, HR & Benefits
The payroll tax rates and contribution limits for 2022 have been released, and there are lots of changes. Below are the federal payroll tax rates and benefits contribution limits for 2022.
Posted in Payroll, HR & Benefits
Below are federal payroll tax rates and benefits contribution limits for 2022.
Posted in Payroll, HR & Benefits
WHAT’S NEXT FOR EMPLOYEE MOBILITY?
For many businesses, the COVID-19 pandemic accelerated the future of work. Businesses are reevaluating their needs for travel, talent acquisition, and office space. Some have even transitioned away from the physical office entirely and opted to work 100% remotely. Businesses suited for remote work may be looking to hire the right person for the job, regardless of location; however, the ability to adopt a hybrid or fully remote model may be limited by industry. For example, a 2020 study by McKinsey found that the finance, management, professional services, and information sectors have the highest potential for remote work with no loss of productivity.
Posted in Payroll, HR & Benefits
Employer-based health insurance costs have increased modestly since 2012 — between 3% and 5% annually for family coverage, according to a 2020 report by Kaiser Family Foundation. These changes have added up over the past decade, and employers and employees are now paying 155% of the health care costs they were paying before, even as wages have stagnated.
Posted in Payroll, HR & Benefits
Paperless payroll is a paper-free payroll process that has become hugely popular in recent years. But despite the groundswell of support for paperless payroll solutions, employers should examine the details before making the switch.
Posted in Payroll, HR & Benefits
In May 2021, the Department of Labor withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” final rule. According to the Society for Human Resource Management, "The DOL has traditionally analyzed a number of factors to consider whether a worker is an independent contractor or employee and looked at 'the totality of the circumstances.' The withdrawn rule would have applied a more-limited economic-reality test."
Posted in Payroll, HR & Benefits
Payroll is a mission-critical function — one that must be done even amid disasters or emergencies, such as:
Posted in Payroll, HR & Benefits
