We all know how important it is to make sure your employees are properly certified and trained. Not only does it keep you in compliance with state and industry requirements and avoid costly fines, it also shows your workers that you’re invested in them, leading to increased loyalty and productivity.
So you just spent the last three months reviewing hundreds of resumes, interviewing dozens of applicants and checking countless references in order to fill one office position. But all that effort paid off: You found the perfect candidate for the job. You made an offer. She said yes. And she can start in one week. Terrific! The heavy lifting is over, right?
In 2018, a Gallup report revealed that 85% of employees worldwide are functioning below their potential and feel a lack of fulfillment in their jobs. It’s a startlingly high number, one that is keeping some business owners up at night, and for good reason. According to Glassdoor, the cost of hiring a new employee (from recruitment to training) can cost a company thousands of dollars. This has made staff retention a top priority for employers and their human resource teams; the question is, how to do it?
When is the best time to switch payroll companies? A few years ago, the answer would be to wait until the end of the year (or fiscal year) or at the very least, the end of the quarter. Now the answer is, pretty much whenever you feel the need to move forward.
HR has changed dramatically in the past decade, evolving from a focus on information storage to a more strategic process that involves everything from operational management to recruitment to workflow optimization and more. The expectations placed on Human Resource teams to handle all of the new demands are high. And if your business is still using legacy HRIS systems, they may be impossible to consistently meet.
Several months back we were all preparing for some major modifications in withholding. Yet it turns out that the massive changes that the Federal Government was preparing in W-4 withholding for 2019 are not going to happen after all, at least not right away.
In preparation for the upcoming minimum wage increases Accu Data is happy to show you how to update your employee rates of pay to remain in compliance with the changes below.
Please be sure to make the appropriate updates where necessary prior to December 31, 2018.
Earlier this year, New York established the Employer Compensation Expense Program (ECEP) as part of the 2018-2019 New York Budget. This optional program was created to offset the Tax Cuts and Jobs Act (TJCA) of 2017, which limits itemized deductions for state and local income taxes (SALT) for individuals to $10,000 per year.
End-of-year reporting and taxation. Accurate employee data. Prepping for the new year. When it comes to payroll processing, December and January may be the busiest time of year…and the most stressful, especially if you’re a business owner trying to do it on your own.