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

Allwork

Companies are more concerned with mitigating costs than they are hiring new team members. . Amidst the consequences of the pandemic, 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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Quiet Hiring: Admin Professional Trend

Bonnie Low-Krayman

Quiet Hiring is about filling open positions with the staff who are already on the payroll rather than hiring from outside the company. Despite having to pay current staff additional compensation for the additional work, quietly hiring them still costs far less than having to hire externally. What’s happening now? Quiet Hiring.

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The Four Horsemen of the Mandated Return to Office

Allwork

Indeed, research by Owl Labs suggests that it costs an average of $863/month for the average office worker to commute to work versus staying at home, which is about $432/month for utilities, office supplies, and so on. . Boosting culture . Addressing quiet quitting required a range of techniques. Mentoring initiatives .

2022 341
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Unlocking the digital frontier: hiring the next generation of tech talent

Workplace Insight

To better engage with digital natives, meeting and other communal spaces should be conducive to promoting the flow and exchange of ideas, but without the formality associated with a traditional office or boardroom. as on-site workers.

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

BMT Office Administration

These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. The FLSA has a few other regulations related to payroll documents besides retaining them for three years.

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

BMT Office Administration

This category can also include awards, promotion records, and education/training records. These documents include payroll records, time cards, pay rate information, and anything else related to payment. These documents can also provide crucial information on performance pay adjustments and regular cost of living adjustments.

Medical 52