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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. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy.

Policies 105
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The Four Horsemen of the Mandated Return to Office

Allwork

European banks, which offer more flexible hybrid work policies, are using these to hire talented staff from the less flexible US banks. The Society for Human Resource Management found that half of all Black office workers wanted to work from home permanently, while only 39% of white workers did so. . That’s a huge difference! .

2022 341
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Records relating to promotion, demotion, transfer, or layoff. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. Criminal history.

Filing 121
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How to Maintain Your Company Culture Past the Startup Stage

Success

And perhaps instead of a couple people who started a company, there’s now a C-suite and another layer of management on the way. Smith, a professor in the department of organizational behavior and faculty director of executive education at the Case Weatherhead School of Management. 3 Relationship Management. 1 Self-Awareness.

Payroll 304
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

For instance, if your employment records contain all the disciplinary actions and policy violations committed by the offending employee, you’ll have a better chance of defending your decision to terminate an employee in court. If so, then you’ll definitely want to have the proper documents on-hand to defend your managers.

Filing 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Using an electronic records management system allows remote employees to access any documents or files that they need from home. Access from remote work locations. EDMS and ECM.

Filing 98