In January 2021, the Department of Labor issued a rule clarifying the standard for employees versus independent contractors under the Fair Labor Standards Act. Now, as of May 2021, the Department of Labor withdrew the “Independent Contractor Status Under the Fair Labor Standards Act” final rule. According to the Society for Human Resource Management, “The… Continue reading DOL Withdraws Independent Contractor Rule
Regardless of your level of involvement in payroll, there are certain terms that you should know. Below is a roundup of words that are commonly used in the payroll industry. After-tax deductions These deductions are subtracted from employees’ wages after pretax deductions and payroll taxes have been taken out. After-tax deductions — such as wage… Continue reading 14 Important Payroll Terms You Should Know
Payroll compliance is about meeting your obligations as required by law, which can be confusing and complex. Here are 7 key aspects of payroll compliance. 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets federal wage and hour standards, which are administered by the U.S. Department of Labor. These standards cover:… Continue reading 7 Key Aspects of Payroll Compliance
Becoming an employer of choice is about positioning your company in a way that makes candidates eager to work for you and your most qualified employees likely to stay with you. When your competitors appear with tempting incentives, these candidates and employees will refuse because you are fulfilling their needs. These needs can vary from… Continue reading Benefits Can Make You a Star Employer
When employees terminate, they should return any company property loaned to them. If they fail to do so, you might be able to dock their pay. It’s not uncommon for employers to entrust company property to employees, such as: Office keys. Building entrance badges. Uniforms. Computers/laptops. Cellphones. Vehicles. Job-specific tools or equipment. If the employee… Continue reading Failure to Return Company Property: What Are the Payroll Rules?