Workplace Wellness Trends You Should Know About According to the 2022 Employee Benefits Survey published by the Society for Human Resource Management, approximately 46% of employers categorize employer-provided wellness benefits as either “very important” or “extremely important,” but important nonetheless. In addition to SHRM’s survey, a 2022 report put forth by Wellness Labs pointed outContinue reading “Workplace Wellness Trends You Should Know About”
When to Change an HR Policy Human resources policies set the rules and guidelines for an organization’s workforce practices. These policies include: Such policies provide the HR department with an operational framework and communicate workforce-related information to employees at all levels. For best results, the policies must reflect current business requirements. But with so manyContinue reading “When to Change an HR Policy”
Tips to Improve Company Morale Have you ever worked in a company that was having a morale-boosting initiative? Remember the tense hush that fell in the conference room when it was announced? The meaning-laden glances the employees shot each other? They were all picturing the same things: Mandatory after-work happy hours that penalize nondrinkers andContinue reading “Tips to Improve Company Morale”
How to Manage a Payroll Schedule Learn how to create an effective payroll budget to avoid wondering how and where your money was spent. Creating a payroll budget helps you understand what percentage of your budget should go to payroll and enables you to stay on track throughout the year. Generally, payroll should account forContinue reading “How to Manage a Payroll Schedule”
Your Business Value Is All About Human Capital How do you think about the people who work for your company? If you believe they are valuable individuals who contribute to your success, you are on the right track. If, however, you think of them as replaceable cogs in a wheel, you may be sabotaging everythingContinue reading “Your Business Value Is All About Human Capital”
Is This Your Situation: Considering HR Outsourcing Outsourced HR services are designed to streamline functions, reduce expenses and help meet your firm’s operational goals. You may hire a third party to oversee some or all of your HR functions, including payroll processing, employee benefits administration and talent acquisition. Outsourcing is a partnership between your companyContinue reading “Is This Your Situation: Considering HR Outsourcing”
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”
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.
7 Key Aspects of Payroll Compliance 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets the federal wages and hour standards which are administered by the U.S. Department of Labor. These standards cover: Federal minimum wage. Overtime pay and exemptions. Work hours, including meals and rest breaks. Child labor, including permissibleContinue reading “7 Key Aspects of Payroll Compliance”
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