Employee Engagement -- It's a term that found its way into pop culture over a decade ago. Although it's beginnings as a buzz phrase seemed like something that would vanish in the night for many old school managers, new age leaders have embraced the idea and found ways to bring authentic employee engagement into new light.
HR personnel who have been struggling to sift through IRS guidelines on ACA reporting have been given extra time to prepare the necessary reporting forms for employees. The government has temporarily adjusted reporting guidelines under Code 6055 and 6056. After they determined that significant numbers of employers and insurance providers were having difficulty "gathering and interpreting" the information needed to provide Forms 1095-B and 1095-C to employees, the IRS and the Treasury Department have granted them some leeway.
Recent growth in the number of companies providing outsourced payroll and HR services testifies to two things: the ever-changing complexity of payroll management, and a burgeoning demand for the specialized skills and software as a service (SaaS) that payroll vendors provide.
On November 22, a Texas judge issued a preliminary injunction blocking changes to the Fair Labor Standards Act just days before they were to take effect on December 1. The new legislation would have raised the salary threshold for which employees could receive overtime pay from $23,660 to $47,476. The update was meant to protect white-collar employees who work 40-plus hours a week but earn small, fixed salaries.
If you think paying your people is just business as it's always been, think again. In this ever-changing world where technology has put limitless information at our fingertips, consumerism in today's economy is at an all-time high, and knowledgeable leaders are making moves toward more transparency in the workplace -- particularly where employees' income is concerned. After all, internal customers are just as important as the external ones, and a great organization will find ways to make its internal stakeholders just as happy as those who buy into the company from the outside.
By nature, human resource professionals tend to enjoy the softer side of business, willing themselves toward relationships with people and steering as clear as possible away from analytics and numbers. Although this practice seems to have worked just fine for businesses for many decades, an HR evolution is upon us -- Welcome to the world of using human capital management data to boost your team and future talent to the next level!
December 1, 2016, ushers in the new FLSA rule concerning overtime pay for your employees. Have you prepared your payroll department? The new mandate sets its sights on those situations where employees, especially the salaried, work more than 40 hours per week without receiving overtime compensation. While the rule also covers hourly, piecework and tip-compensated employees, the main thrust is to update the salary minimums that trigger required overtime pay.
(Clinton, NJ -- Oct. 25, 2016) BeyondPay today announced plans to open a new office location in Philadelphia’s Northern Liberties community. BeyondPay, headquarted in New Jersey, continues to expand its footprint with a regional hub strategy that provides opportunities to bring local clients together and build user communities with the goal of sharing best practices around the topic of Human Capital Management.
To outsource or to keep it in house?
That is the question that's plagued decision-makers for decades. For many business functions, it just doesn't make sense to send the workflow outside of a company's own walls when a team or department could handle the tasks at hand. In regards to payroll and benefits, however, the option to outsource to a third party partner is often a decision that's followed by fruitful results.
Payroll -- It's a necessary evil no business can live without. Although difficult to understand, it's essential to get right. Employees count on their paychecks to be timely and accurate, while employers look for ways to ensure the necessary funds are available during each payroll cycle. Long story short, payroll isn't easy. With so many people and elements depending on the correct delivery of data, it doesn't always make sense to keep these services in-house.