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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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While Large Firms Can Afford Layoffs, Small Companies Are Labor Hoarding

Allwork

For companies in the modern era, holding onto employees has become their comfort blanket. The antithesis of mass layoffs, companies have begun “labor hoarding” their workforce in an effort to maintain some semblance of normalcy as the economy enters a period of instability.

Payroll 229
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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Labor hoarding is when companies find ways to hold on to talent rather than lay off workers in order to save money in the long term. . Companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 274
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Do You Have Main Character Syndrome? Here’s How to Tell—And Why You Should Avoid It

Success

Derricks argues that new managers need training. “We Teams need collaboration to thrive Ross Jenkins is the founder and company director of DigitalME, a digital marketing agency based in both Valencia, Spain, and San Diego, California. Almost every decision I make has to do with making sure that we make payroll.

Payroll 290
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Procedures are more than just documents; they are a roadmap for new hires, guiding them through the complexities of their new role and the company culture without constant supervision. Even if you’ve performed similar roles before, your first days and weeks at a new company were probably a bit daunting.

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Beyond KPIs: What’s The Value Of Treating Your Workforce Like Valued Customers?

Allwork

Employees who receive valuable training and growth opportunities are likely to maintain appreciation for their employer and speak positively about their time spent at their previous job, contributing to the company’s reputation even after they are no longer on payroll.

Payroll 184
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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 144