article thumbnail

ADP’s January Jobs Report Points To Labor Market Downtrend in 2024

Allwork

January’s private payroll growth underperformed economic predictions, with revised data from ADP suggesting a looming, albeit gradual, downtrend in the labor market. CNBC reports that in January 2024 , U.S. companies added 107,000 jobs, which is a decrease from December’s 158,000 jobs. and globally.” and globally.”

2024 236
article thumbnail

Job Openings Drop to Three-Year Low, Indicating Cautious Hiring in 2024

Allwork

million in the previous month. According to a report published by Bloomberg , the March 2024 figures came in lower than economists’ expectations, with the 8.49 labor market, and business and finance decision-makers can use it as a tool to help navigate 2024. million in March — down from a revised 8.81

2024 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Best Financial Management Tools for Personal and Professional Use

Success

Gusto When you add employees to your business, it’s important to ensure that you are managing your payroll effectively. Gusto can help you pay your team and easily run payroll by integrating with your accounting software. QuickBooks can handle all of your business’s accounting needs, including payroll.

article thumbnail

Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay. This provision becomes effective for plan years beginning in 2024. The post Constructive receipt and on-demand pay, a murky payroll intersection appeared first on Business Management Daily. SECURE 2.0,

Payroll 52
article thumbnail

IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

This is good news for Payroll, which can postpone tracking employees’ salaries and reworking the payroll software ; Benefits, which is probably in the process of making conforming amendments to the 401(k) plan; and employees, who can continue to make catch-up contributions on a pretax basis.

Payroll 97
article thumbnail

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
article thumbnail

Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule. EXPLORE THE RESOURCES © 2024 Julie Perrine International, LLC HOW TO USE THIS ARTICLE IN YOUR NEWSLETTER OR WEBSITE Want to use this article in your newsletter, ezine or website?