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U.S. Private Payrolls Miss Growth Targets, Prompting Economic Speculation

Allwork

private payrolls for the month of August increased by 177,000 jobs, revealing labor market growth that was less than anticipated, according to Reuters. One is the Federal Reserve’s decision to raise interest rates by 525 basis points since March 2022.

Payroll 271
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How to Maintain Your Company Culture Past the Startup Stage

Success

As your company moved from idea to reality, you brought a few more people into the fold, but you hand-picked them and they blended right into the startup culture. As your company took flight, you added more talent and the organization grew from a “we all do whatever’s necessary” mindset to the beginnings of defined roles.

Payroll 306
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Remote Work Is Tightening White Collar Job Competition

Allwork

Remote work has reshaped much of how the global economy operates, with companies more likely to outsource their labor to cut costs amid the workforce shortage. . companies have started relying more on contractors, with the number of contractor payments jumping 56% from 2019 to early 2022 according to payroll firm Gusto. .

Payroll 264
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The Four Horsemen of the Mandated Return to Office

Allwork

Companies demanding employees return to the office for 3-5 days per week are dealing with resistance, attrition, quiet quitting and diversity issues. . Evidence shows that underrepresented groups are leaving employers who mandate a return to the office and are fleeing to more flexible companies. . Resistance . Quiet Quitting.

2022 342
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U.S. Unemployment Claims Rise, But Continuing Rolls Lowest Since 1969

Allwork

Labor shortages may also help alleviate layoffs, which have started to gain traction in light of disappointing revenue figures from some of the largest companies in the country. . State unemployment claims grew by 21,000 during the week ending May 14, which is the highest level seen since the beginning of 2022. The post U.S.

Payroll 246
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. But business travel is still vital to many companies.

Payroll 52
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The Promotion Paradox: Is This Retention Strategy Backfiring?

Allwork

Promotions, typically seen as milestones that boost an employee’s position within a company, might actually be pushing people out the door, according to payroll-services provider ADP’s new Today at Work survey. The report reveals a staggering 29% of employees quit their jobs within a month after their first promotion.

Promotion 147