If you’re considering implementing a time and attendance system or solution but haven’t officially made the move yet, you are not alone. Recent reports claim that somewhere between 25% to 38% of U.S. businesses still calculate payroll manually through systems such as paper timesheets, timecards, punch cards.
Calculating overtime and PTO correctly is essential to maintain employee satisfaction, comply with the Fair Labor Standards Act (FLSA), and avoid hefty penalties. This guide explains the step-by-step process for calculating overtime and PTO under the FLSA and how Accu Data payroll processing services help businesses avoid these pitfalls by keeping them up to date with payroll regulations and best practices.
Managing Payroll and HR involves multiple complex tasks, including compliance, onboarding, and employee data management. Without the right tools, these processes can become overwhelming and lead to bottlenecks, miscommunication, and errors that slow operations and hurt productivity. Leveraging modern technology is essential for businesses that want to stay competitive.
In April 2024, the Department of Labor (DOL) issued a new Federal Overtime Regulations rule, significantly altering the “white-collar” exemptions and impacting businesses nationwide. This article covers what these changes mean for your business and how to ensure compliance.
Earned Wage Access (EWA) is revolutionizing the way employees manage their finances by allowing them to access a portion of their earned wages before payday. This system alleviates financial stress and offers significant benefits for both employees and employers.
“Employee Information Overload” has emerged as a formidable barrier to efficiency and well-being in the modern workplace, with an avalanche of digital communications overwhelming staff daily. This article delves into this challenge, offering a suite of practical steps and insights aimed at curbing excess information.
In the evolving landscape of business operations, the transition from a traditional to an automated payroll processor stands out as a pivotal change. With “Payroll Processor” technology, businesses are revolutionizing the way they manage employee compensation, steering clear of the cumbersome manual processes that once dominated the field.
The U.S. Department of Labor’s “New Independent Contractor Rule” sets forth revised criteria to accurately classify workers, impacting nearly half the workforce. This pivotal change, effective March 11th 2024, aims to clarify and enforce proper employment status, ensuring fair labor practices and compliance across industries.
In recent developments, the Employee Retention Credit, a vital relief measure for businesses during the COVID-19 pandemic, faces new challenges. This article delves into the complexities and recent changes affecting the Employee Retention Credit, highlighting its impact and offering crucial guidance for businesses navigating this evolving landscape.
Read More
As if the holidays and party plans don’t make the end of the year stressful enough, business owners and HR departments have the added pressure of preparing for payroll year-end. Ensuring payroll and tax obligations are met can be overwhelming, but here’s a quick checklist you can use as a reference to help keep you informed and organized during this potentially chaotic time.