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how does a 401k benefit the employer?

March 19, 2019

How Does Offering a 401k Benefit an Employer?

Everyone knows that a 401k plan benefits the employee. Company match programs and vesting options make them a no-brainer for staff. But did you know that an employer-sponsored 401k does also benefit the employer? If you’ve been thinking about offering retirement benefits to your staff, here are some benefits to consider. How Does a 401k […]

employer payroll tax

March 11, 2019

Three Common Employer Payroll Tax Questions

If you have at least one employee on your payroll, you’re responsible for paying employer payroll tax on a yearly basis. This might at first seem like a basic part of being an employer; however, these tax forms must be completed with a high level of accuracy. To make sure you’re checking all the boxes, […]

new jersey minimum wage increase

February 27, 2019

New Jersey Minimum Wage Increases July First

Many employers in New Jersey will be paying their staff a higher wage starting July 1. Governor Philip D. Murphy and the New Jersey state legislature made a deal that will raise the minimum wage to $10 per hour by that date. By 2024, New Jersey’s minimum wage will be $15 per hour. What does […]

how to do a cost a labor cost allocation report

February 26, 2019

Your Guide on How To do Labor Cost Allocation

Wondering how to do labor cost allocation? We’ll walk you through it. When you own a business, you have a lot of costs to consider. How much will you pay for your space, materials, and marketing, for example? One of the largest costs for most businesses labor. And as any accountant will tell you, your […]

compensation management software

February 21, 2019

What Are the Benefits of Bringing Data Analytics to Payroll?

At some point, every hiring manager has to ask themselves one important question. Am I paying my employees an appropriate salary? Without a compensation management tool, determining the answer to that question can be difficult. Perhaps you are starting a new business or organization, and you’re hiring your first employees. Maybe you are expanding operations […]

How do I calculate an hourly rate from salary

February 19, 2019

How Do I Calculate an Hourly Rate from Salary? Use this Calculator.

How do I calculate an hourly rate from salary? It’s a question we receive a lot. The answer has never been easy– until now. Check out our salary to hourly wage calculator towards the bottom of this post for an immediate answer. Usually we get this question when small business owners are trying to determine […]

your guide to gender pay equity

February 14, 2019

Guide to Gender Pay Equity for Smaller Employers

Are men and women being paid the same salaries for doing the same work within your organization? According to Forbes, 92% of employers believe they are paying staff fairly, while only 65% of employees believe the same. In a highly competitive talent market this difference might keep you up at night. Most guides for identifying […]

pay secrecy vs pay transparency

February 13, 2019

Pay Secrecy is Illegal. Pay Transparency is On the Rise

Remember when it was a taboo to speak openly about one’s salary? Discussions about pay the workplace were discouraged — and sometimes outright forbidden — by many employers. But keeping silent about wage rates is no longer the norm, and employers who forbid discussions about pay are violating the National Labor Relations Act (NLRA). The […]

what is a tip credit?

February 11, 2019

How Tip Credits Work (And Why it Matters So Much)

Restaurant servers, hairdressers, taxi drivers– more than 3 million Americans work a tipped job. And because part of their pay comes from tips, the federal government allows the employers of tipped workers to pay them less than the standard minimum wage. The federal minimum wage for tipped employees is $2.13 per hour, compared to $7.25 […]

what is a labor cost distribution report?

February 6, 2019

What is a Labor Cost Distribution Report?

While HR should be focused on people, this position also deals with a lot of data analysis. Personnel can be one of the largest investments for a business, especially small businesses, so it’s crucial to assess how well employees are performing. One helpful tool used by the HR management team is called a labor cost […]

what is a 401k rollover?

February 5, 2019

What is a 401k Rollover?

A 401k rollover typically happens when you leave a job, retire, or switch over to a new long-term investment account. When you make a change, you have to decide what to do with your money. How does a 401k rollover work? When you decide to move money from a 401k to another account, such as […]

questions to ask when outsourcing payroll

February 4, 2019

12 Questions to Ask when Outsourcing Payroll

As a small business, there are many questions to ask when outsourcing payroll processes. For most companies, outsourcing payroll represents freeing up valuable time for professionals to perform more impactful functions at the company. So it’s important to find a vendor that saves time, rather than wasting it. Finding the right payroll company begins with […]