article thumbnail

How to Manage Better the Payroll of Your Employees 

Hppy

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

Payroll 36
article thumbnail

Federal tax reform: 5 HR must-dos for every business

Insperity

Topics being discussed include re-evaluating major areas such as corporate tax structure, executive compensation, employee bonuses and depreciation of assets. Tax reform did a number on payroll. Let your employees know that the IRS withholding tables have changed – and how that may impact them.

Taxes 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An Employers Guide to Agile Compensation Strategies

Hppy

The traditional grade-based structure is the expected standard for basic payroll management, but many organizations are now aware of the limitations and complexity they cause. If you have hundreds or thousands of positions to handle, pay grades can ease the burden of payroll management. Plan for the future.

article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Improved Employee Retention: A robust employee benefits platform can improve employee retention by offering comprehensive benefits packages. However, the packages should meet the needs and expectations of employees. Manage time off requests. Set up to five personalized financial goals.

article thumbnail

Advantages of a Payroll System

Qandle

The American Payroll Association reports that some payroll automation solutions achieve an accuracy rate of 99.5% or higher when coding payroll data. Your chosen payroll system ought to lessen the likelihood of mistakes while also freeing up more of your time to tackle other important responsibilities. Payroll Management.

article thumbnail

15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Here are some of the must-have features: Core HR Management: Employee Database : A centralized repository for employee information, including personal details, work history, and contact information. Payroll Management : Automated payroll processing to ensure accurate and timely compensation.