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Building a Consistent and Sustainable Compensation Strategy for Your Business

MP Wired For HR

What is a Compensation Strategy? A compensation strategy is a framework that outlines how an organization determines and manages employee pay. It includes the principles and guidelines that dictate how salaries, bonuses, and other forms of compensation are structured. Here’s how to approach it: 1.

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6 Ways to Calculate the ROI of Your HR Payroll System

Rise

Assess your HR payroll system to make the right decisions for your business. Here's what you need to know when building your business case. For many businesses, payroll is a significant operating expense. Let’s make things easier for HR teams and payroll teams. How Productive is Your Current Payroll System?

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Achieving and Maintaining ACA Compliance: A Comprehensive Guide for Employers 

MP Wired For HR

Many times, penalties are assessed because of reporting errors or missing information, which can be corrected. Tips for Achieving ACA Success Ask ICHRA Providers About Compliance Help: If you’re using an ICHRA to offer healthcare, make sure to ask your ICHRA provider about how they assist with ACA compliance.

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How to Calculate the ROI of Your Payroll System

Rise

In many businesses, payroll is often one of the most significant operating expenses you’ll ever incur. So it’s important to be able to assess your ROI and compare payroll software solutions with alternatives in the marketplace. Here are 6 things you need to consider when building the ROI business case for payroll: 1.

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What is Payroll and How Does it Work?

FingerCheck

Payroll is used at the end of the fiscal year to assess annual employee wages. A business may refer to payroll as shorthand for its total workforce or the cost of that workforce. How Payroll Works. How Payroll Works. Technically, payroll begins when an employee fills out a W-4 form. Follow Us

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Most Important Developments in HR for 9/20

GetFive

The payroll plot thickens. HR pros everywhere were stunned when online payroll processor MyPayrollHR abruptly shut down, leaving more than 250,000 employees of some 5,000 small businesses without their direct-deposited paychecks. So how exactly does it work? The Washington Post.

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Is Your Employee Asking for a Raise? Here’s What to Do

Patriot Software

Although raise conversations can be uncomfortable for both you and the inquiring employee, you need to know how to handle them. What do you do when an employee is asking for a raise? What to do when an employee is asking for a raise. Gather all the details you can from the employee about why they feel they deserve a raise.