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In 2025, organizations are increasingly adopting headcount management software to streamline employee data management, optimize workforce planning, and forecast future needs. It offers a comprehensive suite of solutions, including headcount management, payroll, talent management, and more.
That reality necessitates that HR leaders, Herena says, stay keyed in to the issues impacting employees and leadership to continue to refine their focus in 2025 and beyond. However, the predictions of rising benefits and salary costs may make some organizations “particularly judicious in 2025 about their spending priorities.
From groundbreaking mergers and acquisitions to the introduction of innovative solutions that redefine talent management, payroll, and employee experience, 2024 has proven to be a year of transformation. This deal reflects the increasing demand for integrated payroll solutions in multi-country operations. With the U.S.
Some 23 states—including California, New York, and Illinois—are currently set to raise their minimum wages in 2025. Increased compensation isn’t the only cost that employers should consider with wage hikes: There may be impacts on pay-based benefits, like health insurance premiums or retirement matches. 1 to $10.56, and then on Feb.
Get ready for 2025 — the Internal Revenue Service recently released the 2025 annual inflation adjustments for flexible spending arrangements (FSAs) and retirement plan contribution limits. Retirement Plan Contributions In 2025, individuals can annually contribute up to $23,500 to their 401(k) plans, up from $23,000 in 2024.
With 21 states and 48 cities and counties implementing minimum wage increases at the start of 2025according to the nonprofit, nonpartisan think tank Economic Policy Institute payroll budgets may already be pinched, limiting funds available for merit-based raises. workers and hundreds of thousands of customers, says Boese.
As noted by Gartner’s 5 HR Trends for 2025 , more than 75% of HR leaders consider that managers are overwhelmed; 70% report their present leadership programs are not getting them ready for the future. In 2025, businesses face compliance challenges, especially concerning data privacy, labor laws, and remote work policies.
All that changed on January 5, 2025 when the current administration signed the Social Security Fairness Act (SSFA) into law. In addition, Social Security Fairness Acts benefits increase set for April 2025 will kick in soon. The result? For retirees, its a win worth celebrating. For HR professionals, its a headache worth tackling.
In 2025, businesses can no longer get away with ignoring technology at work. What to Look for While Making HRIS Comparisons in 2025? Payroll processing and compensation management : Does the tool have a clear system of processing pay to workers, from calculating wages to sending them out on time?
If youre covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $4,300 per year (in 2025) into your health savings account (HSA). If youre contributing to an HSA, and on a family HDHP, the maximum amount that you can contribute is $8,550 per year (in 2025). What is an HSA?
The year 2025 brings a slew of updates that will impact retirees, workers and beneficiaries across the nation. From adjustments to benefit amount to new legislative reforms, these Social Security changes for 2025 bring both challenges and opportunities. How will Social Security change in 2025? in 2024 and 8.7%
Tax season is officially upon us, and with tax deadlines for 2025 looming on April 15, 2025the IRS tax deadline is going nowhereHR professionals have a golden opportunity to step up something useful. Image: Freepik) Why Tax Day Matters for HR in 2025 When is Tax Day 2025? Push W-2s and 1099s on the platform automatically.
For HR professionals, understanding the Social Security payment schedule for 2025, particularly the March 2025 Social Security checks , is not just a matter of curiosity but a vital component of supporting employees and retirees alike. Curious about Social Security March 2025 payments? For most beneficiaries.
How much can employees contribute to their retirement plans? Whether investing in a 401(k), IRA, or another retirement plan, you and your team should understand the rules and limits for 2025. Use our quick-reference chart to learn 401(k) contribution limits 2025, IRA contribution limits, and more.
Payday is everybodys favorite day of the monthunless youre the payroll administrator. The right payroll software can take most, if not all, of those tasks off your hands and automate everything into a simple and easy-to-use payroll solution. Connecteam : Best all-in-one payroll solution.
For deeper insights backed by industry leaders, be sure to download the ExtensisHR 2025 HR Trends Report here. While much emphasis has been on building retirement savings, there is now a focus on decumulationhelping retirees manage their savings as they withdraw funds in retirement.
As we step into 2025, there is one business strategy that stands above the rest: prioritizing employee well-being. Financial Wellness: Help employees build financial stability through retirement plans, financial education, and budgeting tools. Going into 2025, make it your mission to create a workplace where people can thrive.
Key takeaways: Employees in 2025 seek financial wellness benefits like Earned Wage Access and savings programs. Research data and market trends point to a change in the mindset of the American workforce in 2025. Research data and market trends point to a change in the mindset of the American workforce in 2025.
Quick look: 401(k)s are the most popular retirement plans in the U.S. When people think of a retirement savings plan, many think of a 401(k). 401(k)s help employees prepare for a comfortable retirement and grow their nest egg faster than if they were to put away funds in a traditional savings account. Who has a 401(k)?
Payday is everybodys favorite day of the monthunless youre the payroll administrator. The right payroll software can take most, if not all, of those tasks off your hands and automate everything into a simple and easy-to-use payroll solution. Connecteam : Best all-in-one payroll solution.
Not sure how to handle payroll deduction remittances ? Let's discuss an important part of running your company: payroll deduction remittances. When it comes to payroll remittance, employers are the middlemen between employees and the Canada Revenue Agency (CRA). Don't worry; we'll break it down in simple terms!
This 2025 Benefits Compliance Checklist outlines key topics, dates, and additional areas to keep an eye on, ensuring your company meets regulatory obligations throughout the year. Key dates February 28, 2025: Paper filing deadline for 1095-C forms. March 3, 2025: Provide 1095-C forms to employees.
Quick look: As 2025 unfolds, a new wave of human resources trends is emerging. The ExtensisHR 2025 Trends Report highlights the top five shifts, complete with actionable insights from industry thought leaders.Below is a quick recap of the report, which can be downloaded using the form below.
In 2025, salaries alone no longer define an attractive employment offer. In 2025, theyre a cornerstone of progressive HR policies, reflecting a shift toward holistic employee value propositions. Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., What are fringe benefits? The concept isnt new.
Signed into law on January 5, 2025, the Social Security Fairness Act 2025 removed the Windfall Elimination Provision (WED) and Government Pension Offset (GPO) , unlocking a social security benefit increase for over 3.2 The Social Security Fairness Act isnt just an update about retirees cashing social security back pay in 2025.
To honor National Employee Benefits Days 2025 theme of building future financial stability, we review how brokers and PEOs can equip clients with comprehensive benefits, intuitive platforms and tools, educational sessions, and more. As such, many employers are taking action to help their staff improve their economic standing.
How many people in your organization have been there 10+ years, are deep-rooted and likely aren’t going anywhere until retirement? By 2020 or 2025, do you think you’ll have more or fewer roles turn into revolving door positions? Let’s survey your current staff! We’ll call these staff “trees.” Is it 70/30, 50/50, 30/70?
This coming together of brokers and PEOs reflects where we are in 2025. Employees still seek traditional benefits including healthcare plans and retirement savings accounts. Remote adaptability – The ExtensisHR team can adapt to flexible work models including payroll and compliance guidance for multi-state and hybrid operations.
Tip 1: Review the employee retention tax credit Did you know that you still have enough time to revisit and amend your tax returns (federal payroll) from the years 2020 and 2021? Also, if the credit turns out bigger than the payroll taxes your business paid during that period, you could have that money refunded back to your business.
workers better prepare financially for retirement, at every stage of their employment journey. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditions and record-high inflation. The SECURE 2.0 For many U.S. The SECURE 2.0
private sector workforce lacks access to an employer-sponsored retirement plan like a 401(k). To expand coverage, over 30 states are developing programs, and there are proposals at the federal level for a national retirement program. It’s not farfetched to imagine how a national retirement program could work.
They’re working with smaller budgets for payroll and employee benefits. Global contingent hiring can reduce payroll costs by 40-70%. The Growing Contingent Workforce Contingent workers will make up 35-40% of the global workforce by 2025. The hiring process is faster and cheaper. Did You Know? billion by 2031.
💡 Key takeaways: Over the past few years, several states have passed legislation requiring business owners to offer their employees retirement savings benefits. Washington state recently passed legislation requiring employers to offer a retirement plan or enroll in the Washington Saves program. Why Washington?
Business Provisions: Refundable Payroll Tax Credit (CARE Act §2301): Allows a business to take a tax credit against payroll and other employment related taxes for each calendar quarter equal to 50% of the qualified wages with respect to each employee to a maximum of $10,000. The prohibition is still in place for 2021-2025.
SAP SuccessFactors is an innovative Software as a Service (SaaS) solution which supports a comprehensive hire-to-retire employee experience. Note: For the scope of this blog post, I want to emphasise the exclusion of Employee Central (EC) Payroll, which follows a distinct product update process known as HR Support Packs (HRSP).
at least we try to make it so. :) When it comes to recruiting trends, what can HR professionals and business leaders expect in 2025? The upcoming retirement boom is a key concern, with some 30 million Americans expected to turn 65 in the next five years. We actually think its kinda fun.or You need a talent strategy. April 18, 2024.
The law is nothing short of a detailed overhaul of employer retirement savings plans. Sutton of Strategic Retirement Partners (aka “The 401k Lady”) said the new rules came out before employers and the industry were ready. brings to your retirement plans in 2023. Employers have been trying to unpack the provisions of SECURE 2.0
Quick look: Recent EBRI research reveals an all-too-common challenge employees face today is paying off student debt while also trying to save for retirement. These range from tuition reimbursement, student loan repayment plans , and financial counseling, in addition to the traditional retirement savings plans employers typically provide.
The Human Capital Management (HCM) market continues to grow with expectations that it will expand by over $12 million by 2025. Today, major HCM platforms such as Oracle , SAP SuccessFactors , UKG and Workday support employees from recruitment to retirement and everything in between. How does HCM benefit payroll?
Though health and retirement savings benefits continue to lead the pack, modern offerings like flexible work environments and extended leave policies are gaining more traction. Retirement savings and planning are a close second SMBs are still focused on including retirement savings plans as part of their compensation packages.
Payroll , even under normal circumstances, can be tricky. Below, we’ve answered some recent questions from readers on payroll topics in hopes of providing some of that expert insight. This provision of the CARES Act has been extended through 2025. How are payroll closures handled?
The potential applications of AI in HR span the entire employee lifecycle, from recruitment to retirement. With AI, HR teams can automate standard processes such as processing payroll, monitoring productivity, and assigning projects. The post AI in HR Management: Leverage technology to slash costs in 2025 appeared first on Zalaris.
Quick look: Retirement savings has always been a significant part of the benefit conversation. was introduced to help people save more for retirement by improving retirement rules and lowering the employer cost of setting up retirement plans. With the passing of the SECURE 2.0 The next phase of changes for SECURE 2.0
The World Economic Forum predicts that by 2025, one-third of the workforce will be Gen Z, digital natives who expect to benefit from technology in all their daily activities, including work. The evolving workforce demographic Today’s labor force looks different than just a few years ago—it’s younger, more diverse, and tech-savvy.
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