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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” Over the last 30 years, Defined Contribution Plans, or 401(k), plans have become a popular employer benefit option for saving for retirement. Well, yes and no. ELIGIBILITY.

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

Workers' Compensation Perspectives

.); "total amount paid to employees over a period," hence, via records-keeping, "list of employees receiving pay." [ See [link] ] Today, the word “payroll” more often than not refers to the department or system that manage employer costs for a range of employee compensation components.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

HR professionals must now navigate a labyrinth of laws and regulations that govern everything from labor standards to digital workspaces. New requirements for health and retirement benefits Health and retirement benefits are an integral part of employee compensation, and they are subject to their own sets of laws and regulations.

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1099 vs W-2: The difference between employees and contractors

Business Management Daily

A W-2 is a tax form that businesses send to their employees as well as the government. This form provides calculations of the total amount paid to the employee, federal and state income tax withheld, medicare and social security taxes withheld, and allocated tips. A 1099 is a form used to report non- employee compensation.

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). Meaning of ESOP.

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Successful mergers and acquisitions: How a PEO can help

Insperity

And decent, yet affordable, medical and retirement benefits can be out of reach. When you enter into a co-employment relationship , a PEO takes on many of your employer-related responsibilities such as payroll, benefits, tax remittance and related government filings. How is an employee onboarded?