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A well-structured payroll system also includes accurate record-keeping. This involves maintaining detailed records of each employee’s working hours, overtime, leave, and any other relevant information. Payroll is a vital function for businesses of all sizes, ensuring that employees are compensated accurately and on time.
Are the rules for calculating overtime in this state different from the federal regulations (including the new white-collar overtime exemption requirements )? How do we calculate payroll taxes in this state? Get our e-book on HR Outsourcing: A Step-by-Step Guide to ProfessionalEmployerOrganizations (PEOs).
Some worry that their performance will be judged if they write in too much overtime – or, alternatively, clock too few hours; this is particularly exacerbated if you are an employer that asks workers to log how much time they spent on specific tasks related to their jobs.
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