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Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs

Allwork

Biweekly payments have been the norm for decades now, serving as a guideline for workers to create a budget. Allowing employees to access wages, or simply offering more arrangements beyond weekly and biweekly pay schedules, can be a way to combat financial insecurity as it allows workers to budget according to their needs. .

Payroll 246
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What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What is the additional burden on the Payroll department?

Payroll 97
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

Time theft is a very real issue that affects organizations from all industries. For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing.

Payroll 52
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Early direct deposit may be an alternative to on-demand pay

BMT Office Administration

Regardless of the sales pitch, on-demand pay is a boondoggle for Payroll. Every vendor will tell you why their on-demand pay program is worry-free for Payroll—it’s OK because employers are cut out of the process, or it’s OK because employers are part of the process. Update to on-demand budget provisions.

Payroll 52
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3 Smart Money Moves to Make Before Starting a Business

Success

For example, do research ahead of time to predict the average accounts receivable timelines for your industry. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. It will help you set better expectations.

Finance 345
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The What, Who and How of Outsourcing… So You Can Let Go

Success

From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. For example, “you could have them research five top-rated web design companies according to your budget and timeline,” the author says. Tax laws change.

Elance 289
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The best timeclock options for small businesses

BMT Office Administration

From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. Something to consider when budgeting for a timeclock is whether there will be any additional recurring costs associated with your timeclock of choice. This can make payroll processing more efficient.

Payroll 52