One of the most popular benefits continues to be 401(k) plans. According to the latest SHRM annual employee benefits survey, 93 percent of organizations offer traditional 401(k)s or defined retirement savings plans, up from 90 percent the previous year. But while they’re a sought-after perk for employees, administering the plans can be a challenge for
Cybersecurity is a growing concern among businesses of all sizes, especially when even large companies like Equifax and Target are hit by data breaches. Tony Frye, Complete Payroll Solutions’ IT Director, answers common questions about ensuring the security of workers’ personal information.
It’s never too early for young employees to start saving for retirement. But rising healthcare costs, inflation, and increased longevity can make it challenging to know just what an individual will require to retire comfortably. Employers can help younger workers prepare for retirement planning through employer-sponsored plans such as 401(k)s and Health Savings Accounts (HSAs).
Should your company be using paycards for payroll? Employees are increasingly requesting payroll debit cards. Learn 10 reasons why in our latest blog post.
Here are the top payroll mistakes to be aware of – and avoid – so you can lower your risk, enhance compliance, and boost employee morale.
Payroll is a core function of any business, so getting it right is critical–but also challenging. Here are some tips for how to best manage your business payroll.
On Tuesday, November 22, a federal court blocked implementation of the “overtime rule” that would have made an estimated 4 million more American workers eligible for overtime pay starting December 1. It is important to remember that this injunction is temporary – it may be implemented at a later date. Many employers have been making
On Tuesday, November 22, a federal court blocked implementation of the “overtime rule” that would have made an estimated 4 million more American workers eligible for overtime pay starting December 1. The U.S. District Court in the Eastern District of Texas granted the nationwide preliminary injunction that prevents the Department of Labor from implementing the
The new FLSA ruling has many businesses needing to reclassify employee status to accommodate the new minimum salary level eligible for overtime pay. And, if this weren’t enough, companies are now finding it even more challenging explaining to an exempt employee that their position is going to be reclassified.
In most states, Workers’ Compensation is a necessary evil. A federally mandated program that translates into an extra expense your company is forced to carry. Only a few territories give you the option of electing out of this coverage in exchange for loss of limited liability.