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Reduce HR-related compliance risks: From changing labor laws to workplace safety regulations, HRs role in maintaining compliance protects organizations from costly fines and legal issues. For instance, automating payroll or streamlining onboarding processes allows HR teams to focus on initiatives that drive long-term impact.
The most obvious concerns stem from the legal issues surrounding your current state’s laws and how different the laws are in your new location. Before you start to pack any boxes, obviously, it’s wise to consult legal counsel. How might taxes, payroll and your company’s relocation impact your business?
Similarly to the onboarding process, your company has legal obligations to fulfill when an employee leaves. First confirm whether you must pay employees on their last day or as part of normal payroll, according to the laws of the states in which you operate. Collect company equipment, such as access badges, mobile phones or laptops.
And once your company employs more than 100 employees, you’re legally obligated to send workforce data to the Equal Employment Opportunity Commission (EEOC) in an EEO-1 report (although there are a few cases, too, where companies with less than 100 employees must file). Payroll tax. Recordkeeping. Anti-harassment training. Filing fees.
Once businesses reach the 50-employee threshold , expand into other states and municipalities or hire remote employees who reside elsewhere, they can be subject to more legal and regulatory complexities. How can midsize businesses benefit from PEOs? Often, PEOs have their own technology platforms.
Is your company meeting all the legal requirements as an employer? This typically involves a team responsible for people management, setting up benefits and payroll , helping with the company’s culture and making sure compliance is being met. For instance, is your business FMLA compliant ? They work directly with management.
The legal liability for data breaches and failure to comply with data privacy laws can incur prohibitive costs, including fines and penalties. A detailed inventory of sensitive company data should include an analysis of: Data on HR systems, like payroll, health and retirement benefits , employee records, etc.
Think: payroll, employer taxes, benefits enrollment and management, etc. Co-employers share in certain risks associated with hiring and processing payroll for employees, which can help you avoid costly claims or legal consequences, while you remain in control of your business. Note: Not all PEOs are created equal.
Let’s say your goal is to be able to take a 3,000-employee company, run payroll for every single employee and finish the process in less than 10 minutes. Integrating systems can bring a host of challenges , and you want to be sure the vendor you choose understands and is equipped to meet your company’s specific needs. Well, yes and no.
Since companies pay less in payroll taxes for independent contractors versus employees, the government is determined and quick to identify mislabeled workers. Note: Classifying workers as independent contractors or employees is a complex legal and tax issue. o What tools or equipment to use. per hour level.
Ensure you check out your legal requirements and get these down. For example, at 1-5 you’ll likely be focussed on the physical set up, equipment, licences and subscriptions; getting good employee contracts in place and providers externally to support the running of your business. And I’ve probably missed tens of other duties.
Employees who are ill-equipped for the job won’t be able to carry their own weight. so you can make sure they have the necessary skills to be successful before you put them on your payroll. The inaccuracies and shoddy work will trickle into other areas of your company, making everyone else’s job much more difficult. One last thought.
For example, the Wave Advisors program provides bookkeeping support and one-on-one accounting and payroll coaching. Each company offers free support, but this support varies by hours and by type (phone, video, chat or email). Some even offer additional help for a fee.
My company has entered its annual employee giving campaign, where they encourage people to make donations and sign up for payroll deductions that employees can then direct to the charity of their choice. They are mostly educational/technical discussions related to climbing equipment. Auctioning off lunch with senior executives.
Assured us “we still have a job,” but where I sit, if I’m not on the payroll, I don’t have a job. I’m being asked to return equipment during shelter-in-place. Is it legal for them to ask this of me? As this COVID crisis emerged, our firm was quite slow to react. Encouraged us to immediately file for unemployment.
How often are your employees using company equipment to surf the net, make personal phone calls, store photos, text friends or post on social media ? . Employees should have a clear understanding that when they use company equipment, they’re acting as a representative of your company. Nondiscrimination policy.
I felt very bad about this and like I should be the one cleaning since it was my client, but lacked the equipment to do so. If your HR person is the small-org, payroll/benefits clerk type job, then being married to another employee isn’t inherently a conflict of interest (although they’d still need to keep payroll info private).
The small company I work for (seven people) recently fired our VP (via phone, no less) and he trashed our office, stole contracts, payroll/billing files, employee files etc. Is there any legal thing we as employees can do to get our president to deal with this situation accordingly? This was seven weeks ago.
In HR, AI now plays a crucial role in human capital management (HCM), spanning areas like payroll, recruitment, onboarding, and workforce analytics. This reduces the risk of non-compliance and shields the organization from potential legal challenges. Googles early adoption of data-driven practices demonstrates the power of these tools.
For industrial companies, agents embedded in connected products or equipment could monitor usage, detect performance thresholds, and autonomously unlock features or trigger maintenance actionsâenabling pay-per-use, subscription, or performance-based models of creating revenue. People: Equip the workforce and introduce new roles.
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