According to the announcement from the DOL, with this proposed increase, overtime eligibility would be expanded to more than one million workers in the US.
Regardless of the scenario, the need to hire fast feels pressing and immediate. Don't do it! Here are 6 items that we never miss when hiring a new team member at Payroll Vault.
Every company and individual roles require diversified policies. Each role will have differentiating circumstances, but the overarching reality is that policy administration requires consistency to be effective.
California is a leader in the changing labor law requirements and our key focal point is ensuring our clients are “labor compliant”.
The cost of absenteeism and time theft have a far greater bearing on your bottom line than the cost of wages and benefits.
Effective business owners strive for engaged and happy employees who will be more productive. However, in their attempt to cater to an employee who seems to need an exception (i.e., modified pay structure or PTO policy, cash loan, etc.), we’ve observed our clients painting themselves into a compliance corner that is oftentimes difficult, and potentially expensive, to navigate. However, before de…
As a small business owner, you probably don’t have an extensive staff, are privately owned, and have less capital to work with than enterprise sized companies. Trying to manage multiple departments and workforce items in-house isn’t the most efficient way to cut your costs, or spend your time. This leads to long hours, compliance frustrations, and other time consuming details that take up prec…
With the recent Fair Labor Standards Act updates to employment rules, more scrutiny is being given to certain classifications of employees to make sure they are being paid properly. One group that is often overlooked are those employees who are in an 'on-call' situation. Some of these employees may be answering phones in the evenings or weekends, covering emergency situations, or simply available …
Accelerating trends to outsource payroll and advisory services are continuing, and unlikely to slow down. Companies are swiftly realizing that outsourcing these services is creating enormous savings and improving efficiencies. Time is money! Though saving time and money is the core motivation for companies to move to an outsourced solution, they’re not the only motivating factors. Outsourcing is…
It’s that time of year again. The holidays are here and that also means gifts, family time, and of course, office holiday parties. Regardless if you’re a rookie or veteran, going to a holiday party leaves a lot of room for error, especially when alcohol, your colleagues and superiors are involved.
New overtime rules affecting millions of American workers are slated to take effect later this year.
Regardless of industry, specialty, size, or any other label or relation you use when describing your business; your business is really defined by your workforce. The people who work for your organization, fueling the engine of your business, are really what your business is made of.
Your new prospective employee looks great on paper and crushed it throughout the interview process. References can say what the interviewee wants them to say. Items can be doctored, and resumes can be fabricated. How can you tell who is really working for you? What’s their history and what has really happened in their past work experience?
A well written and comprehensive employee handbook will benefit both the employee and the employer. Employees will gain a better sense of the organization and employers will know that they have made the policies and expectations clear to its workers. Here are some of the specific reasons that every employer should create and maintain an accurate handbook:
HR can be a complicated topic for small business owners who aren’t HR experts, and lets be honest, most aren’t. So what benefits exist for hiring an HR solution? At what point do you need to get an HR solution?
In the past, most HR departments provided one-stop shopping for employees with questions or concerns about benefits, hiring, training, complaints, colleagues, etc. For management, HR was the place to go for recruitment, retention and terminations. Human resources is a critical function and most companies handle it in-house. With payroll & employment service in Memphis, that is all changing very rapidly.
Dealing with HR issues can frequently be a hassle, especially with having to keep up with all of the various changes in wage and hour, disability, discrimination and employee leave laws, let alone having to deal with employer obligations under the Affordable Care Act and just managing your company’s compensation and benefits programs.
We all know they’re required in your place of business, but what are some of the other requirements that you may not know? Here are some of the most frequently asked questions regarding labor law posters.
Incidents involving a workers’ compensation claim can raise your premiums. Pre-employment drug screening is one way to reduce workers’ compensation claims.
Whether you’re looking to hire your first employee or 100th employee, there is always a lot of resumes, faces, and a process that can sometimes blur your vision in selecting the candidate that will be the best fit employee for your business. Here are a few tips to keep in mind that may benefit you through the interview process.
As a business owner, you may hire both W-2 employees and 1099 independent contractors. If you are like many owners, you don’t always know how to classify workers- and this can lead to compliance issues. Classifying workers appropriately is critical because employees and contractors differ greatly in terms of taxes paid, withholding requirements, workers compensation, benefits, payroll tax filings, and more.
Among the various roles that ICE (US Immigration and Customs Enforcement) fulfills is to identify and remove threats to security in terms of illegal economic activities. In layman’s terms, this equates to controlling unauthorized workers in the US. In 2009, ICE collected roughly $1M in fines, and in 2013 that number rose to more than $15M, and this is a trend that will only continue to grow.