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5 SOP examples for your business

BMT Office Administration

In order to produce more consistent results and streamline your internal operations, it can be beneficial to create standard operating procedures for everyone to follow. To help you visualize what an SOP should look like and include, we’ve created five simple SOP examples. SOP Example 1 – Employee onboarding.

Payroll 72
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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

“The basic reason for the term and trend is because employers decide to ride out the uncertainty with higher payrolls in order to avoid the long-term costs of hiring and training new people when the economy rebounds,” Fountain told Allwork.Space. .

Payroll 279
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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

Allwork

As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Internal or external sites, flyers, or classified advertisements — they all are now required to include a salary disclosure.

Salary 246
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. Examples of nonemployees are contract workers, freelancers, or sole proprietors that you have done business with. Is the worker treated as a supplemental resource to the business’ internal staff or are they working alongside them during similar hours and on similar projects?

Payroll 52
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. These incentives are fully taxable and are subject to W-2 reporting.

Payroll 52
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. Why is that? There are many reasons why, including that it’s required by law.

Filing 52
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Employee Records: End of year review & preparing for next year

BMT Office Administration

These documents include payroll records, time cards, pay rate information, and anything else related to payment. These are the documents that you’re required to keep under federal law, enforced by the IRS (Internal Revenue Service), OSHA, the US Department of Labor, and the Equal Employment Opportunity Commission (EEOC). Compensation.

Medical 52