Grace Ferguson is a business writer and blogger covering payroll, employee benefits, and human resources. She has vast experience serving as a payroll and benefits administrator for large and small businesses. At age 18, Grace landed her first job: working as a secretary for a forestry company.
If you’re paying employees around the same amount despite differences in their respective skills, experience, and knowledge, you may be engaging in pay compression.
Before you select a benefits software vendor, make sure to thoroughly assess your benefits needs, the services they offer, and more.
No matter how many benefits you provide, you’re required to administer them in a compliant manner. However, benefits compliance is no stroll in the park.
Your HR team may be working harder than they need to when it comes to administering benefits.
Through the SECURE Act, employers with a 401(k) plan must allow eligible long-term, part-time employees to contribute to the plan.
If information on your employee’s W-2 doesn’t match the information in the Social Security Administration’s database, you may get a no-match letter.