HR Digest

JANUARY 8, 2020

It depends on how your employer will manage this unusual year. Some employers may choose to divide employees’ annual salary over 27 pay periods instead of 26. This means that gross pay would be 3.7% lower each pay period during 2020 (although you’d make the same total salary). How should you prepare for these changes?

401(k) 81

401(k) Gross Pay Deductible Deductions 81

cipHR

NOVEMBER 15, 2021

There are also deductions to consider, such as variable deductions like student loan repayments, which can change month to month if linked to income, or fixed deductions for things like trade union subscription fees or season-ticket loan repayments. Whereas an employee’s line manager wouldn’t know that information.

Pension 98

Pension Gross Pay Payroll Deductible 98

Employee Benefits

JULY 25, 2023

However, if you’re an HR or Finance Lead tasked with selecting a new workplace pension, you might need a dedicated account manager who can assist with staff onboarding and implementation. Evaluate both the charges for your company and the management fees for your employees’ pensions. This is something we, at Penfold, offer.

Pension 96

Pension Net Pay Taxes Salary 96

Benefit Resource Inc.

JANUARY 3, 2022

When preparing for a baby, or growing with your toddler, here are some manageable steps to help you get started. Switch to a high-deductible health plan. Since we had contributed pre-tax to our HSA before birth our take home pay was lower. Let’s Start from the Beginning. Set a monthly saving goal and stick to it.

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

Employee Benefits

AUGUST 7, 2024

Although the changes will not happen until April 2026, employers are advised to start planning now, because they will need to invest more time, money, and resources to manage the increased reporting requirements and ensure all relevant benefits are captured accurately. There may be some challenges for employers.

Payroll System 59

Payroll System Taxes Payroll Take Home Pay 59

Insperity

AUGUST 10, 2011

Suzanne Boyle, health and welfare product manager with Insperity , a Texas-based professional employer organization, says that small business owners often get bogged down by all the complex details of each plan.“. Employees aren’t going to opt in to a medical plan that cuts far into their take-home pay. PPOs vs HMOs.

Health and Welfare 40

Health and Welfare Deductible Deductions Out of Pocket Cost 40

Professionals Alternative

JANUARY 31, 2023

These experts should also be good communicators so they can explain data to new hires, managers, and other members of the HR or financial team. Job Requirements for Human Resources Payroll Employee To deal with numerical data on a daily basis, payroll professionals need to be detail-oriented and possess good clerical abilities.

Human Resources 52

Human Resources Payroll Payroll Software Take Home Pay 52