An employee who resigns with two weeks' notice may think they are doing you a favor. But in fact, it can be a payroll headache, especially if you listen to some of the misinformation you may have heard about two-week notices. For example, you may...
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. Six pros of paperless payroll Electronic storage — Stores payroll documents...
Setting up a payroll system is fairly straightforward in theory, but it does require a few significant steps that each employer will need to consider: You first have to obtain your employer identification number (EIN) and state/local ID, if necessary. Then, take care of the paperwork...
Do you have a pay compression program in your company? Pay compression occurs when either of the following happens: A new hire earns nearly the same amount as a more experienced employee in the same role. A subordinate earns close to what their manager or...
Several factors should be considered when choosing a pay frequency, including legal requirements, your industry, employee classification and payroll administration costs. 1. Legal requirements The Fair Labor Standards Act does not say how often employers must pay employees. However, according to the U.S. Department of...
Something is lacking in your current payroll provider. Maybe it is responsible for much of your payroll problems — too many paycheck errors, you could never get anyone on the phone or its services are too expensive. Or maybe you've simply outgrown each other —...
As fulfilled and engaged as your employees may be with their jobs, if they have any issues with their paychecks, it won't take long for them to become frustrated. Some organizations have dedicated payroll departments and others find it useful to outsource this process to...
A 2020 report by Ernst & Young says on-demand pay is "the term used to describe a category of financial products that give employees the ability to draw on their accrued wages before payday." The Case for On-Demand Pay In 2017, CareerBuilder reported that a staggering...
Most companies spend 20% to 30% of their annual revenue on payroll. The exact amount varies based on the employer's size, industry, and staffing and operational needs. In some industries, such as service, it's not uncommon for payroll to encompass up to 50% of revenue....
Dear Payroll Delivery Client, The Great Resignation has taken hold in several industries this year, including the logistics/delivery industry. Our couriers and mail delivery service providers are finding it hard to fill their open delivery positions and it’s manifesting itself in delivery delays at the local,...