Do You Have a Pay Strategy for Your Remote Workforce? A 2021 survey by the consulting agency beqom found that 80% of U.S. workers expect their employers to let them work remotely multiple days per week. Most respondents, 65%, also said they would accept a pay cut to work remotely. Additionally, a 2021 survey byContinue reading “Do You Have a Pay Strategy for Your Remote Workforce?”
Author Archives: boatswainassociates
The Future of Remote Work
The Future of Remote Work Hybrid or remote work environments are here to stay. When setting up a sustainable workflow and process, consider the following questions: What steps are you taking to ensure that everyone receives the training they need? Are you monitoring your staff’s overall well-being? How are you handling a workforce that includesContinue reading “The Future of Remote Work”
Top Cybersecurity Issues For HR
Top Cybersecurity Issues For HR More and more employers are automating their human resources processes. Many also integrate their HR processes with interrelated activities, like time and labor or payroll and benefits. However, the implementation of these technologies has triggered various security risks, including cyberthreats from criminals whose goal is to access confidential data forContinue reading “Top Cybersecurity Issues For HR”
The Tax Situation When You Have Employees
The Tax Situation When You Have Employees
Once you have at least one person working for your business, you’re an employer. Being an employer comes with a wide range of responsibilities, including withholding, depositing and paying employment taxes. How can you make sure you’re fulfilling all your tax duties to avoid getting hit with fines…
Exempt vs. Nonexempt: Where the Dividing Line Is
There’s a good chance that your organization employs both exempt and nonexempt employees. The line dividing them may be thin, but it’s critical you keep the distinction clear. Click through to ensure that duties and compensation are assigned based on exemption status.
Can You Be Exempt and Nonexempt at the Same Time?
Can You Be Exempt and Nonexempt at the Same Time? You can allow an employee to work two different jobs for your company. However, under the FLSA, you cannot classify an employee as both exempt and nonexempt — it must be one or the other. To know which one to use, you must first combineContinue reading “Can You Be Exempt and Nonexempt at the Same Time?”
Is This Your Situation: Considering Pay-As-You-Go Workers’ Comp Insurance
Is This Your Situation: Considering Pay-As-You-Go Workers’ Comp Insurance Pay-as-you-go workers’ compensation insurance is designed to smooth out the premium changes that occur during the year as employees come and go. Premium payments are made at the end of each payroll cycle and are based on the actual payroll cycle, so there’s no need forContinue reading “Is This Your Situation: Considering Pay-As-You-Go Workers’ Comp Insurance”
7 Considerations When Preparing Your Payroll Budget
7 Considerations When Preparing Your Payroll Budget 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. For other industries,Continue reading “7 Considerations When Preparing Your Payroll Budget”
Payroll Tax Rates and Contribution Limits for 2022
The payroll tax rates and contribution limits for 2022 have been released, and there are lots of changes. Click through to see exactly what is changing so you can make plans for the coming months.
Sick and Family Leave Reporting Guidance
The Treasury Department and the IRS have issued Notice 2021-53, which provides guidance to employers about using Form W-2 to report the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. This is welcome news for many taxpayers, as this guidance covers the Families First Coronavirus Response Act asContinue reading “Sick and Family Leave Reporting Guidance”