FLSA Mistakes To Avoid

FLSA Mistakes To Avoid Enacted in 1938, the Fair Labor Standards Act governs federal minimum wage, overtime, child labor and recordkeeping laws. Failure to follow these laws may come with a price. The U.S. Department of Labor, which oversees the FLSA, says that it recovered an average of $706,000 in back wages per day inContinue reading “FLSA Mistakes To Avoid”

Improve Your Payroll Audits With Automation

Improve Your Payroll Audits With Automation 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 human resources andContinue reading “Improve Your Payroll Audits With Automation”

Navigating Open Enrollment in the New Normal

Navigating Open Enrollment in the New Normal Open enrollment is usually a challenging time for employers. However, the COVID-19 pandemic added another layer of complexity, forcing employers to modify many aspects of their business — including open enrollment. In short, open enrollment is a period of time during the year when employers allow employees toContinue reading “Navigating Open Enrollment in the New Normal”

Depositing and Reporting Employment Taxes

Depositing and Reporting Employment Taxes As an employer, you are required to uphold the responsibility of payroll taxes. As such, you must also ensure that you understand what the rules are, especially due to how complex they are in nature. First and foremost, a good place to start is by ensuring that you are awareContinue reading “Depositing and Reporting Employment Taxes”

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?”

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?”

Remote Work: FLSA Wage and Hour Implications

Remote Work: FLSA Wage and Hour Implications Since 2005, remote work has soared 173%, according to 2018 data from American Community Service. Whether you recently adopted this remote work model because of the pandemic or have been utilizing it for years, you should know your wage-and-hour responsibilities. FLSA Rules for Remote Nonexempt Employees Nonexempt meansContinue reading “Remote Work: FLSA Wage and Hour Implications”

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”