HR Digest

JANUARY 2, 2020

The overtime rules went into effect on January 1, 2020. Under the new proposal, people earning a salary level of $679 for 40 hours per week (about $35,308 annually), will be eligible for overtime pay based on varied duties. Six discussions were held, and it was decided that the present compensation for overtime was inadequate.

Overtime 84

Overtime Salary Manufacturing Engineering 84

Employee Benefits

SEPTEMBER 6, 2023

At present, both companies and employees must contribute a minimum of 8% of pensionable earnings to an auto-enrolment pension scheme, split 3% from the employer, 4% from the employee and 1% as tax relief. Consider an employee with an annual salary of £38,000 and a £2,000 bonus. Employee contribution (inc. Employee contribution (inc.

Pension 52

Pension Employment Bonuses Net Pay 52

Qandle

AUGUST 29, 2022

When we speak about payrolls, we are referring to payments, salaries, wages, overtime, double-time, commissions, taxes, bonuses, raises, salary deductions, and other aspects of compensation all at the same time. Installing software that can automatically process payroll is a wonderful present for company organizations.

Payroll Software 98

Payroll Software Payroll Software Payroll System 98

Ascender

OCTOBER 5, 2019

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

Payroll 70

Payroll Deductions Deductible Government 70

Ascender

SEPTEMBER 5, 2019

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

Payroll 40

Payroll Deductions Deductible Government 40

Professionals Alternative

AUGUST 3, 2023

A payroll specialist is a professional who specializes in handling payroll-related tasks, including calculating wages, deductions, and taxes, and ensuring compliance with legal and regulatory requirements. They meticulously review and verify employee data, including working hours, overtime, bonuses, and deductions.

Payroll 52

Payroll Payroll System Employment Taxes 52

Workers' Compensation Perspectives

SEPTEMBER 30, 2019

Some components are related to production needs and include overtime and shift differentials. The cost of these coverages may be shared with the employees (with worker contributions deducted from the wages or salary) but are otherwise a form of earnings, providing value that a worker might otherwise have to purchase.

Workers’ Compensation 52

Workers’ Compensation Payroll IT Overtime 52