Payroll Benefits and Compensation
The FLSA and Overtime – Understanding the New Rules and Evaluating Your System for Compliance
According to the US Dept of Labor, the new Exempt/Non-Exempt worker rules will result in the following:Workers directly affected. 4.2 million salaried workers will be affected by this rule based on their salaries. These workers are currently ineligible for overtime. The Department estimates that most of them (4.1 million) will become eligible for overtime when they work more than 40 hours (i.e., they will b..
The New Form W-4 and Other Payroll Updates for 2020
The IRS has released a new version of the Form W-4 for determining employee tax withholdings. This new form is required for use by any new hire after January 1, 2020, and for any current employee with an old W-4 on file but who wants to update their withholding in 2020 or beyond. Unless existing employees want to change their withholding, they can continue to keep their old-version Form W-4 on file. This me..
Understanding Pay Structures and Compensation Systems
Having a competitive and well-designed compensation system is the cornerstone of employee recruitment and retention for most organizations. But did you know, that 30 percent of U.S companies have no formal pay structure in place? And that number increases for small businesses - 50 percent of companies with 100 employees or less are lacking a proper compensation system. When you have an ill-designed or inade..
Wage Garnishments: Best Practices for Compliance and Accuracy
One of the most frustrating payroll tasks is dealing with garnishment orders. The rules on the amounts of pay that can be subjected to garnishment orders, the priority of garnishments that apply, and the Federal and state laws that come into play are complex. Failing to comply with the rules can result in costly penalties.Join us to receive step-by-step guidance on how to evaluate and process the various ty..
Multi State Taxation
Understanding how to calculate tax for employees in 2 or more states can be confusing. Plus what state laws for payroll need to be followed when employing employees in more than one state. To better understand the laws in each state and the tax guidance on how to determine taxation when employees live in one state and work in another. Or for employees that work in multiple states for travel for work. Also, ..
Resident and Non Resident Alien Payroll
More companies are now expanding their recruiting worldwide to find the best talent, it is becoming more and more critical for payroll professionals to understand non-immigrant concerns and how it affects how we pay employees. From taxes that need to account for in the US and in the foreign country.As a payroll professional when you have been told by your HR department that they hired a new associate with a..
Salary Conversations: How to Have Calm, Effective Pay Discussions with Employees
Talking about salary is a tricky business. Pay conversations almost always involve emotions. Why? Because most employees equate self-worth with compensation. Few are able to completely separate their value as a person from the dollar value the company places on them. Here’s worse news: it’s your best people, not your average employees, who become most disillusioned and disengaged if pay expectations and pay..