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3 ways outdated payroll processes hurt your business

Insperity

Payroll is a top priority for any business. By the same token, business leaders want payroll to be easy and hassle-free, so they can concentrate on growing their businesses. But there’s a lot of behind-the-scenes work involved to make the payroll process seamless from start to finish. And those payroll mistakes can be costly.

Payroll 202
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How professional employer organization (PEO) pricing works

Insperity

Being an employer comes with many HR-related costs beyond the cash compensation you pay to your employees, such as: Payroll taxes (FICA, FUTA, Social Security, Medicare) Worker’s compensation insurance coverage Statutory insurance and paid leave programs (e.g., of an employees’ salary, according to the U.S. Administrative fees.

Payroll 264
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When should you hire an HR manager, if at all?

Insperity

Are you meeting all the regulations and requirements for documentation, insurance and more? 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 ?

Payroll 206
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10 Easy Ways to Sabotage Your Payroll Process

Insperity

Running a business means managing a ton of moving parts; payroll is just one of them. With so much going on, even within the payroll process itself, it’s easy for business owners to slip up. Keep an eye out for these payroll faux pas: 1. By using an automated payroll processing system, this oversight can easily be avoided.

Payroll 102
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Employment laws to watch in 2018

Insperity

Paid family leave is funded through an additional payroll tax deduction and offers 50 percent of employees’ base wages up to a certain amount in 2018, with gradual increases to 67 percent of average weekly earnings by 2021. The state provides a weekly deduction calculator so companies can estimate payroll deductions.

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You need a data protection policy – Here’s the basics

Insperity

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. A company-provided password management software can help employees with password practices. Stay on top of evolving phishing threats so employees know what to avoid.

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Benefits of Expense Management Software

Insperity

Expense management software, offers a number of benefits to business owners: Enforcement assistance. Software can be programmed to flag and even deny items that are not valid business expenses. Software is often compatible with existing payroll and accounting systems for ease of reconciliation and payment.

Software 102