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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Payroll processing businesses : Companies that partially or entirely take over payroll processing duties on behalf of other businesses. ASOs handle day-to-day HR administration but do not sponsor employee benefit programs or workers’ compensation coverage. So, which of these functions are the most heavily outsourced?

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Top 5 employee tracking software solutions compared

Homebase

Here’s where vacation tracking software comes in: these tools reduce the costs and manual administrative tasks associated with vacation scheduling by automating the whole process, from putting in leave requests and approvals to preparing PTO reports and processing payroll. . The best part? Approvals or denials? They only take a click.

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Just-in-Time Scheduling—Good News and Bad News

HR Daily Advisor

You have to determine whether “call-in” or “on-call” status should be compensated or treated as hours worked. 2008)—Electric utility linemen. First of all, says Plumb, monitor federal, state, and local laws, and audit your current scheduling practices for compliance with reporting time or on-call status compensation.

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Is the HR Accountable for Mass Layoffs?

Keka HR Blog

Employees were sent on unpaid or partially compensated leaves. The payroll manager. Layoffs during the great recession of 2008 : A study titled “Dumb and Dumber” suggested that layoffs impacted profitability especially for industries having low levels of physical capital but greater investment in workers. The rangoli maker.

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HR, Benefits, and Payroll Compliance Trends for 2021

Zenefits

To help you prepare, we’ve rounded up human resources, benefits, and payroll compliance trends to look out for in 2021. Payroll taxes. HR/payroll automation. Health and safety, including workers’ compensation. Mental health parity laws, including the federal Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008.

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Reduce Financial Stress with This Type of Insurance

Best Money Moves

It brings to the forefront that people need to plan for these types of events when the payroll disappears.”. One of the things we saw after the recession in 2008 was many companies were so financially stressed that they started cutting their benefits. What if one person is gone forever? How do they replace that paycheck?

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The changing mix of employee compensation increases

Steve Boese

But these tax cut bonuses also draw our attention to a larger trend in employee compensation increases, one that pre-dates the recent surge in one-time tax cut bonuses - the trend of companies allocating more payroll budget towards one-time and variable awards, and relatively less budget to annual (and in theory, recurring), salary/wage increases.