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It’s time to review (or create) your document retention policy

Business Management Daily

As you construct or perfect yours, take the following into consideration. When constructing your policy, examine legal and regulatory guidelines. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out.

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Exempt vs. non-exempt employees: Navigating worker classification

Higginbotham

Employers may use nondiscretionary bonuses and incentive payments (such as commissions) to satisfy up to 10% of the mandated salary level. For example, the DOL says a Wing Stop franchisee was fined $62,000 for illegally deducting uniform, training and background check costs, along with cash register shortages, from employees.

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Should substance abuse insurance be part of your employee benefits?

Higginbotham

For jobs that involve heavy machinery and dangerous equipment – such as commercial driving, factory work, and construction – drug and alcohol use is especially risky. The health plan cannot charge a higher deductible or copay for mental health and substance use disorder benefits, either. According to the U.S.

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Only 57% of employees always check their payslips

cipHR

Followed by individuals working in the arts, entertainment, or recreation (33%), legal services (32%), IT, software and telecoms (31%), wholesale (30%), government and public administration (27%), and construction (25%). In an ideal world, people should always check their payslips as soon as they are issued.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

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. The Bureau of Workers’ Compensation [ BWC ] in Ohio also has construction class codes where payroll limitations apply.

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3 Tech Tools No HR Department Should Be Without

Insperity

And for changes that will be standard going forward, such as a pay raise or new 401(k) deduction, there is no need to enter this again. Your employees enjoy feedback – good and bad, as long as it’s constructive and leads to growth. W-4 changes, pay raises, etc.) Performance management software.

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3 Tech Tools No HR Department Should Be Without

Insperity

And for changes that will be standard going forward, such as a pay raise or new 401(k) deduction, there is no need to enter this again. Your employees enjoy feedback – good and bad, as long as it’s constructive and leads to growth. W-4 changes, pay raises, etc.) while maintaining the integrity of the overall payroll process.