Health savings accounts are paired with high-deductible health plans for an especially adaptable insurance and savings program. HDHPs have large deductibles that members must meet before receiving coverage. Participants meet those deductibles by contributing their own money to HSAs. The government does not tax these...
Orientation formally introduces the new hire to the company — including its mission, culture, values, vision, policies, procedures and fringe benefits. Training equips the new hire with the knowledge he or she needs to perform the job satisfactorily. Should the new hire be paid for time...
If your payroll provider handles your payroll-processing responsibilities, you might not see the need to learn the ins and outs of calculating net pay. But imagine an employee seeking clarification on his or her take-home pay — do you know all the details? It's important to...
Many small-business owners are under the false impression that simply setting a pay rate is all that's required in terms of employee compensation. If only it were that easy, though. The term "compensation" may sound like a simple work-for-pay arrangement, but there's actually quite a...
With millennials dominating the workforce and the next generation of workers gearing up to make their mark, employers are being forced to rethink their rewards strategy. When employers think “rewards,” compensation and benefits typically first come to mind—and with good reason. Research shows that compensation is...
Payroll is a core feature of all businesses, and it is very important as it heavily impacts the morale of employees. After all, if employees aren't paid appropriately for their work, you can expect them to leave. Payroll also impacts a number of business processes, including...
Question: Are we required to pay summer interns? Answer: It depends on whether the worker is considered an employee. The U.S. Department of Labor (DOL) has adopted the primary beneficiary test to determine whether a worker is an employee or an intern. If the worker primarily benefits...
Is your state’s minimum wage increasing? We’ve organized the latest minimum wage updates, effective July 1, below alphabetically by state so you can scan the list and see if you need to update your payroll! California: Alameda: $15.75 Berkeley:$16.99 Emeryville: $17.68 Fremont: $16.00 Foster City:...
Payroll compliance is about meeting your payroll obligations as required by law. Click through to learn how your organization can stay compliant. 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets federal wage and hour standards, which are administered by the U.S....
Are you benefiting from all the insights about your workforce contained within your payroll system? With the right reports and analysis, your payroll data can teach you how to help your organization improve workforce compliance, employee experience, and recruiting success. In this article, we’ll discuss the...