article thumbnail

Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs

Allwork

Consider this: the Federal Reserve has shown that 40% of working adults cannot afford an emergency expense costing $400, leaving many working paycheck to paycheck or tapping into savings. .

Payroll 245
article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

Payroll 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Real estate costs can be reduced by downsizing the amount of space needed and allowing for flexible desk booking policies. Does this bring with it an opportunity to save costs? After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Working policies.

Policies 299
article thumbnail

In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

In fact, this is why human resources professionals still refer to clock-in times as ‘punches.’ Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. Controlling costs.

Payroll 52
article thumbnail

The What, Who and How of Outsourcing… So You Can Let Go

Success

From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. based virtual assistant is $10 to $20; an overseas assistant will probably cost less. Tax laws change. Loper suggests that a fair hourly rate for a U.S.-based

Elance 290
article thumbnail

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. Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later. Instead, you need to keep them in a separate database.

Filing 52
article thumbnail

The Four Horsemen of the Mandated Return to Office

Allwork

That term refers to employees psychologically disengaging from their work, and doing just enough to get by without getting in trouble. Even bankers at the top banks, like JP Morgan and Goldman Sachs , are leaving due to the return to office requirements. . Quiet Quitting. Boosting culture .

2022 342