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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP? Does not include 1099 payments.

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6 common PEO myths debunked

Insperity

payment of wages and payroll processing). developing an employee handbook or healthcare benefits administration). How will my workers’ compensation experience rating be affected by joining? But rest assured — a PEO is employer for certain purposes only (e.g., You’ll also continue to control and run your core business.

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Calculating full time equivalent (FTE): Benefits and uses

Business Management Daily

Also, the ACA requires employers with 50 more FTEs (the 30-hour FTEs) to provide healthcare benefits in line with ACA standards. Enhanced budgeting Financial planning also benefits from FTE calculations. This not only includes budgeting but also encompasses compensation. an annual salary of $200,000.

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Wondering how to choose a professional employer organization (PEO)? Ask 7 questions

Insperity

As a co-employer, the PEO you choose will ultimately take responsibility for payroll processing, providing workers’ compensation insurance coverage, providing an employee benefits package and a host of other sensitive human resources (HR) and administrative tasks. How are healthcare benefits funded?

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Guide to Hiring Employees in Armenia

Recruiters Lineup

Minimum Wage and Compensation: Armenia has regulations stipulating a minimum wage that employers must adhere to. Additionally, the employment contract should specify the details of the compensation package, including any bonuses, benefits, or allowances offered to the employee.

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Rising healthcare premiums are eating away at employees’ paychecks

HR Brew

Emanuel and his colleagues used data from federal surveys including the Census Bureau’s Current Population Survey, as well as the Kaiser Employer Health Benefits Survey, to conduct the analysis. During the 32-year period they examined, the percentage of workers’ total compensation going to health insurance rose to over 15%, up from under 8%.

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Guide to Hiring Employees in the Bahamas

Recruiters Lineup

Minimum Wage and Compensation: Bahamian employment laws dictate the minimum wage rates, which are crucial considerations during the hiring process. Employers must adhere to these standards, ensuring that employees receive fair compensation for their services.