Good finance leaders are vigilant about what employees need -- because it really is about making employees better. So you want to focus on what employees need first, and what employees want second. You can't please all the people all the…
Wage and Salary Administration
After several years of volunteer work, three individuals filed a lawsuit under the Fair Labor Standards Act (FLSA), saying they should have received paychecks. They'd been given benefits such as discounted golf for volunteering. But in their lawsuit, they claimed…
As you're prepping to file Forms W-2 or Forms 1099 for TY 2023, you know it's tough to avoid all errors. So, it helps to be prepared to file corrections, too. By way of reminder, the deadline for submitting Forms…
Even though you may still be working on your organization's salary increase budget for next year, you should be aware that research is projecting that your peers will be decreasing their budgets compared to 2023. When 1,200 organizations were asked…
If any employees sustain injuries and can’t work, your company may end up compensating them. If so, take the time to double-check entries on Form W-2. Payments to injured employees may be taxable or nontaxable income based on various factors.…
Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who may be strapped for cash right now because of the high prices of gas, energy bills…
When you break down your labor costs, it's probably employee base pay that eats up the most money. Yet it's an expense you can't afford to live without because base pay's also a significant factor in employee recruitment and retention…
In 2022 about a dozen states put law changes - some at the constitutional level - directly into the hands of the voters on Election Day. Here are some of the major measures that passed that may require you to…
When your peers were asked in August what they were planning to do with their 2023 annual salary increase budgets, not many said they were planning to freeze salaries. Salary increase budgets are likely to be larger than this year's…
The highest inflation rate in over 40 years combined with a competitive job market may have your firm feeling pressure to increase wages for your employees. According to a U.S. Compensation Planning Survey from asset management firm Mercer, more than…
Give Payroll the heads up: There's a chance the unemployment tax rate could change. Here's why. States that had outstanding federal unemployment trust fund account loan balances as of Jan. 1, 2021, and Jan. 1, 2022, are at risk of…
Opinion letters from agencies like the Dept. of Labor (DOL) provide employers with helpful guidance for compliance. But beware, they aren’t the be-all and end-all for following wage and hour law. Relying too heavily on opinion letters can be a mistake…
