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A Guide to Payroll Management: Ensuring Smooth Financial Operations

Qandle

A well-structured payroll system also includes accurate record-keeping. Any changes in employee status, such as new hires, terminations, or promotions, must be reflected in the payroll system. Calculation of Gross Pay With verified time and attendance data, the system calculates the gross pay for each employee.

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Employment laws to watch in 2018

Insperity

Your payroll system should be able to accommodate different payroll tax deductions required for different jurisdictions, but providing employees in New York more leave than your employees in other states can cause morale problems. It also presents a dilemma for businesses operating in multiple states, including New York.

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5 key co-employment nuances that employers must understand

Insperity

Co-employment is the legal structure that professional employer organizations (PEOs) and their client companies use to share HR responsibilities. As with any contractual relationship, it’s important that each party in the co-employment agreement fully understands all the nuances of the arrangement.

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What Are Payroll Liabilities?

Abel HR

Payroll service costs: Unless you’re still running your payroll on your own, you likely have to pay for the use of a payroll software system, payroll processing company, or professional employer organization (PEO) to do the bulk of the heavy lifting.

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Switching Over to a PEO: What Exactly is Changing?

Abel HR

But even after you learn what the PEO stands for (professional employer organization) it still doesn’t really make sense! At baseline, acronyms are always confusing. So, acknowledging that there is a general lack of knowledge about what it is that we and our peers do.

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Steps In Benefits Administration For New Hires: 6 Best Practices

Genesis HR Solutions

For employers, it’s easier to administer, because training and onboarding material can be put together once and then used over and over again. Systematically, electronic benefits systems pull all data into HRIS and payroll systems, minimizing data entry and making recordkeeping and document storage easier.