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Understanding Payroll Deductions and Employee Benefits Taxes

Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. These include Social security, Federal tax and state and local tax. As an employer, you are responsible to withhold and pay certain taxes. Your responsibilities include taxes, social security, and Medicare.

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5 Simple Ways to Assess Company Culture

Achievers

The act of praising and incentivizing employees who perform well or provide value to the company is critical—but you don’t have to break the bank with bonus checks that are taxed at an extremely high rate. To learn more, download this white paper: Is HR a Cost Center? Look at Incentive Programs (Or Lack There-Of).

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The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold. In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually.

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4 Ways To Use The Cloud For Field Workforce Management

Hppy

Find out how you can use people analytics to predict, manage and measure the impact of HR operations by downloading our new white paper. Automatically calculate tax withholdings. Manage employee bonuses and off-cycle pay runs. Employ Cloud Productivity Suites. Deliver payroll by check or direct deposit.

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Keeping Millennial Workers: How to Improve Employee Retention

Hppy

This is due to the cost of the base salary plus recruiting costs, taxes, employee benefits and the physical equipment required for each new employee. Millennials simply feel as though their time is more valuable than arbitrarily increasing pay or offering cash bonuses. Make Your Business Centered Around Your Customers.