Starting Your Own Company? Consider a Payroll Service

Ms. Career Girl

If you are starting your own business, and hiring employees or contractors, you may be tempted to do the payroll yourself. There are plenty of software packages , and other tools, to help you do the job yourself, but here are five reasons why you might be better off hiring a payroll company.

Does It Pay to Get a Job in the Payroll Field?

Resume Bear

One field that always seems to need workers is payroll, specifically payroll clerks. For those individuals thinking about getting into payroll, consider a few factors: * Personality – If you’re looking for a job where you will have little or no interaction with other workers, then shy away from payroll. Payroll personnel often times deal with co-workers and their questions over compensation, benefits, time off and more.

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asking for a raise when I manage payroll and know what everyone else makes

Ask A Manager

Since then, my responsibilities have expanded enormously, and I now run payroll for the whole company. Knowing how other managers are compensated is making me feel unusually bold. asking for a raise when I manage payroll and know what everyone else makes was originally published by Alison Green on Ask a Manager. A reader writes: I manage a team of ten at a small, rapidly growing company.

How the Paycheck Protection Plan Can Help Save Your Business

Evil HR Lady

This allows you to borrow based on your payroll, rent, and utility needs. Payroll costs definition. They have no qualms at saying the Payroll Protection Plan includes “sole-proprietors, independent contractors, and other self-employed individuals.”

2020 216

Daily Pay: Discount it at Your Own Peril As an HR Leader.

HR Capitalist

After all we've long since settled into our 2 week cycles for payroll. Payroll is due!! What's our error rate on Payroll? Our 2-week payroll cycles make the concept of Daily Pay foreign to a lot us. Compensation HR Tech

2019 87

How Your HR Coordinator Can Steal 200K From Your Company.

HR Capitalist

hours of reporting pay to her payroll for that time period. The coordinator was responsible for payroll. I'm guessing the ballpark payroll for a Walmart Supercenter is in the range of 10M annually. CompensationHR Coordinators who read my blog - don't do this.

2018 98

5 Questions: Should Amazon Employees Take the Company Offer (10K, 3 Months Pay) to Quit?

HR Capitalist

Unless you passed my 5-question quiz with flying colors, stay on the Amazon payroll. Compensation Economics Employee Relations ManagingI’ll give you $10,000 and 3 months of pay if you quit today and do something else. . Who’s interested? Everyone! Who takes me up on my offer?

2019 89

Breaking Down the Gender Equity Pay Adjustments at Salesforce.

HR Capitalist

According to Fortune , Benioff said that the company is spending about $3 million extra this year on its payroll to make these adjustments. “We Data on the compensation of employees in all departments at all levels of tenure apparently revealed Robbins and Seka’s suspicions to be warranted.

Survey Shows Marginal Rise in Salary Increases in 2012

Resume Bear

percent or higher any time soon,” said Ken Abosch, compensation marketing, strategy and development leader at Aon Hewitt. Overall spending on variable pay as a percentage of payroll continues to rise steadily for salaried exempt workers.

2012 158

Naked Budgeting - Padding the Comp Budget vs. Turnover Factors.

HR Capitalist

A turnover factor projects the amount of turnover a company/division/department is going to have during the budget year, then automatically reduces payroll by the appropriate amount. Your compensation budget gets a lot tighter, and you''ll have a lot more variances to explain month to month.

2014 86

BUDGET SEASON: How Your Finance Team Treats Turnover REALLY Matters.

HR Capitalist

A turnover factor projects the amount of turnover a company/division/department is going to have during the budget year, then automatically reduces payroll by the appropriate amount. Your compensation budget gets a lot tighter, and you'll have a lot more variances to explain month to month.

2016 59

4 Tips for Navigating Workers’ Comp in Your Business

Evil HR Lady

According to GTM Payroll Service’s list of Workers’ Compensation Requirements, it’s mandatory for your company to have workers’ compensation insurance in most states. Workers’ comp covers your employees should they get injured while on the job. Even if coverage isn’t mandatory for your business, it’s still wise to have the insurance. Even the best worksite can’t prevent every accident. The last thing you want is a workplace injury and no coverage available.

2018 145

Alleged Pay Discrimination at Google Makes Marc Benioff and Salesforce Look Amazing.

HR Capitalist

According to Fortune , Benioff said that the company is spending about $3 million extra this year on its payroll to make these adjustments. “We Department of Labor (DOL), available data suggests that women who work at Google suffer from "systemic compensation disparities" compared to their male peers. Compensation Employee Relations Litigation

2017 47

"BARs" (Big Audacious Rewards) in the Social Media Age.

HR Capitalist

Get payroll on the line. Communications Compensation Performance Management"Nancy! I want to cut some $5,000 spot bonus checks for my senior team so I can hand them out tonight at our Christmas dinner.". Used to be you could do that and have it be your little moment with your team.

“I don’t get paid for cancelled appointments, although the company is. Should I?”

Sklover Working Wisdom

does not know what the left hand (Payroll Dept.) Miscellaneous Compensation Unique SituationsQuestion: Hi, Alan. I appreciate your newsletter and thank you for your helpful insights. I’ve begun working as a caregiver, registered with an agency that provides services to the elderly. Each month the agency gives me a proposed work schedule for the weeks ahead, and asks me to confirm and lock up my availability. I block off my calendar accordingly.

2012 118

Tax Hacks for Business Owners

Water Cooler Wisdom

Between the myriad of IRS forms, deductions, payroll and quarterly installments, I was overwhelmed. Gibbons: We prepare well in advance with respect to our cash flow , and set aside more than we think we will need in order to compensate for higher earnings than what we may expect. Best Practices Compensation Entrepreneurship Professionalism Time Management TroubleshootingI'll never forget the first time I had to file taxes as a small-business owner.

2017 40

Entrepreneurs: Looking to Hire? Avoid These 3 Hiring Mistakes

Ms. Career Girl

It’s important to be realistic about your cash flow and work needs before adding someone to the payroll. Be clear and upfront about compensation and any opportunities for growth or promotion.

2020 141

Is Your Small Business Breaking Labor Laws? 5 Mistakes to Avoid

Jobacle

Some small business owners think it’ll be easier and cheaper to classify their employees as independent contractors, so they don’t have to pay payroll taxes or cover benefits like disability and paid leave. Making Payroll Mistakes.

2019 141

Your Rights Regarding Wage Disputes

Jobacle

In many disputes, the issue can be quickly and amicably resolved in-house by simply taking the time to frankly and calmly address the problem with the HR department and make clear your expectations for compensation.

Wage 182

Why You Should Consider Outsourcing Within Your Business

Ms. Career Girl

But what about more essential functions like HR and payroll? Taxes, benefits, workman’s compensation insurance, and perks like gym memberships or other items all factor in to the actual cost of hiring employees.

2018 170

What is Human Resources (HR)?

Workology

6) Payroll – there are a lot of things that go into payroll and they take care of it all. Human resources is probably the best kept secret at your company.

2015 147

Can I Dock Pay and Work Through Lunch?

Evil HR Lady

My other concern is one of our staff is typically paid for 8hrs 3 days a week if she has to work over into her lunch hour or after her scheduled time off which is 5 she is not compensated for any extra time worked but if she doesn’t have a patient at the end of the day she is sent home early and her pay is docked for any time she is sent home early. Although it is not my business I am the one doing payroll and I feel guilty for shorting her paycheck.

2016 162

2013 Hiring Expected to Rise in Manufacturing and Service Sectors

Resume Bear

percent of companies will hire while 11 percent will trim payrolls, leaving a hiring net of 31.2 New-hire compensation rose in both sectors as well, a sign that the job market is picking up,” said Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM. The December 2012 (the most recent month available) new-hire compensation index shows a net total of 4.8 percent increased new-hire compensation while 0.6 New-Hire Compensation.

2013 179

2020 Best Practices in Workforce Management

Water Cooler Wisdom

Administrative automation can streamline your payroll process to ensure timely and accurate payments, file the appropriate taxes, and minimize compliance risk. It can also simplify your compensation management for greater visibility and governance and help you keep up with Affordable Care Act (ACA) compliance with enhanced benefits administration, reporting, and auditing. The global workforce today is anything but static.

2020 40

Six Questions to Ask Your Insurance and Benefits Broker

Workology

Your company’s insurance and benefits offerings are the second largest company employee expense outside of your employee payroll expense. An insurance broker is the person or organization who sells, solicits, or negotiates insurance for compensation.

Who Are the 5.6 Million Who Work in HR & Recruiting?

Workology

million professionals working in the industry as HR is many things including recruiting, training, employment law, safety compensation, benefits and an HR generalist who does a little bit of everything. Payroll may or may not be the responsibility of HR.

2013 145

Mistakes Not to Make When Starting a Business

Career Alley

Are you paying the proper payroll taxes? Do you have all the necessary insurances, including workers compensation insurance? Businesses that don’t succeed can’t tell us what went wrong. Their phone is disconnected and there’s no one to get in touch with.

2014 172

“Best Excuses to Attend Job Interviews” – Five Guidelines for Choosing Yours

Sklover Working Wisdom

ACTUAL CASE HISTORIES : Marsha, a Payroll Supervisor at a Medical Laboratory, was recruited by a larger healthcare company for a position as Director of Compensation. The new position would be a 50% increase in compensation and offer benefits including a very generous retirement package. The next morning, she received a meeting invitation for 3:00 pm from the Human Resources Director to discuss installation of a new payroll software program.

2017 100

How to Align Cloud Tech to Elevate HR’s Strategic Business

Workology

TriNet can assist you with timekeeping, expense management, payroll, performance management and so much more. FTC Disclosure: I received compensation for mentioning and reviewing the product listed above as part of one of the services I offer my clients.

2014 155

4 things to negotiate before accepting a job offer

Ms. Career Girl

Also remember that it’s easier for companies to add certain benefits to your package than to actually increase your payroll, so if you are not 100% satisfied with the offer, make sure you ask for additional benefits before finally saying “yes” to your future employer.

2016 176

How is your company implementing blockchain technology?

Imarticus Learning

We thought and decided that blockchain Certification can be used as an application to compensate employees as it has its roots in cryptocurrency. A blockchain is a public ledger which records and accounts for each and every bitcoin transaction that is made.

2019 52

Prevent FMLA Tracking from Becoming a 4 Letter Word

Workology

There’s a lot to keep track of – determining eligibility, sending leave correspondence, coordinating with payroll, and return to work efforts. Be able to know which FMLA leave becomes a disability leave, run FMLA leave concurrent with workers’ compensation leave, etc.

2014 142

Mobile at Work. It’s Not Just About Career Pages & Recruiting

Workology

Earlier this week I had the opportunity to attend the Kronos Works Conference in Las Vegas where they unveiled their Workforce Tablet application that focuses on mobile reporting and access to payroll, scheduling, and time keeping resources and systems for managers.

2012 165

Are you over-clouded? #HRTechConf

Workology

HR has seen it’s own share of cloud-migrations: payroll, performance management, compensation analysis, and recruiting can now all live in the cloud, available 24/7 and often running with little to no real human interaction. The cloud.

2014 130

what are the bare minimum benefits an employer needs to provide?

Ask A Manager

I’m a business development consultant, and work with a lot of start-ups assisting in total compensation development. I get it, I really do, but I’m of the mind that there should be a basic benefits package factored into total compensation … not just an hourly rate and payroll taxes. There are basic expectations about what will be included in the compensation for professional jobs in the U.S.,

2018 72

How to Reduce the Salary of Exempt Level Employees

Workology

Doing so is an alternative to common corporate payroll and wage expense reductions like furlough , layoffs, and reduced work hours. How to Reduce Company Costs Like Employee Salaries and Payroll. Times have been tough, everyone knows that.

Salary 123

Rebuilding Your Career After Being Fired or Laid Off

Ms. Career Girl

However, did you assume this persona, this mask, to hide your real motivation; to oust your boss and move up in rank and compensation? It comes when you least expect it. It comes when you can least afford it. And it comes when you thought your “safe” job was forever.

2018 180

HR Vendors vs. HR Practioners

Workology

I can’t process payroll myself and I sure as hell don’t want paper job applications. Because processing payroll with Excel spreadsheets and Quickbooks are so 1994.

2011 121

How to Improve Your Hiring Process By Simplifying and Centralizing

The Undercover Recruiter

A team of behind-the-scenes administrators who process the interactions (event scheduling, background and drug screen submission, entering data into HRIS and payroll systems) and ensure business continuity. Process improvement within recruiting and talent acquisition needs more emphasis.

2014 114

A 2015 HR Resolution

Workology

A small office tries to organize a benefits package for employees, but the compensation can’t match the market and a talented employee leaves.

2015 129

2013 Holiday Season Pay Practices

Resume Bear

Also listed below are the rules for bonuses and gift cards related to the Fair Labor Standards Act (FLSA), payroll taxes and withholding. The infographic below highlights survey findings for 2013 Holiday Season pay practices.

2013 160

Harness, Integrate & Illuminate Your People Data #BigDataHR

Workology

Often times data comes from multiple systems and is likely maintained by multiple departments in different locations – benefit data, payroll data, performance data, etc. It includes all compensation, benefits, performance, recruitment, onboarding, training and absence data. This week on Blogging4Jobs, we are focusing on the theme Big Data sponsored by Jibe.

2014 109

Amazing Benefits Administration for Small Business HR Teams Goes High Tech

Workology

There are no recruiters, generalists, or payroll specialists to manage employee questions. FTC Disclosure: I received compensation for mentioning and reviewing the product listed above as part of one of the services I offer my clients.