Do You Have a Pay Strategy for Your Remote Workforce?

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?”

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”

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”

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”