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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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HUMAN RESOURCE INFORMATION SYSTEMS (HRIS)

HR Management Activities

Computers have simplified the task of analyzing vast amounts of data, and they can be invaluable aids in HR management, from payroll processing to record retention. The most basic is the automation of payroll and benefit activities. USES OF AN HUMAN RESOURCE INFORMATION SYSTEM HRIS An HRIS has many uses in an organization.

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Form W-2 Box 1: A Guide for Navigating Through Confusing Discrepancies

Patriot Software

If you imported information from your payroll software or used a tax preparer, you may not know the ins and outs of Box 1. Employer contributions for qualified long-term care services, if coverage is provided by an FSA. Non-excludable educational assistance payments. But, Form W-2 details stump many employers and employees.

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7 PEO benefits that can save you money

Insperity

In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits. Working with a PEO can decrease your payroll-processing and related accounting costs. So, where are the savings? Retirement plans.

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How much does a PEO cost?

Genesis HR Solutions

Following are the two primary factors that determine pricing: Level of engagement —Your business might only require a basic engagement with a PEO, meaning payroll and benefits administration. 401(k) enrollment. Providing employee education about benefits. Payroll service. What factors determine PEO prices?

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An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

HR professionals handle countless processes and workflows like payroll , recruiting, onboarding, measuring employee performance , and monitoring employee engagement. Without ways to centralize your employee data and process payroll , manually knocking out HR tasks becomes nearly impossible.