An HR Guide to the Electronic Federal Tax Payment System (EFTPS)
Have you ever felt like business taxes should be easier to pay and manage online? The Electronic Federal Tax Payment System (EFTPS) is a free government tool for efficiently scheduling payments. The U.S. Department of the Treasury provides EFTPS as a secure way to send tax payments to the IRS any time. Not just during […]
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Payroll Frequency: Deciding What’s Best for your Company
Payroll has changed a lot with HR software and automation. Some business routines like payroll frequency have been guided by the limits of manual payroll, not necessarily what’s best for the company. Weekly, or even daily payroll, is popular with younger workers, but it makes it harder for workers to budget for major expenses like […]
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What is Shift Differential Pay and How Do You Calculate It?
While many people work a typical 9-to-5, the workday does not look the same for everyone. Businesses that operate in the day and at night require employees to work evening, late night, and even overnight shifts. How can you get employees to work these undesirable hours? For many businesses, shift differential pay is an effective […]
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Switching Payroll Providers: Breaking Up with Your Current Provider
Switching payroll providers requires significant planning and prepping, but it doesn’t have to be difficult. As we showed in our previous blog, when the time comes to switch payroll providers, you’ll notice the signs. Payroll migration isn’t overly difficult with the right supporting you, and you can switch payroll providers at any time during the […]
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Switching Payroll Providers: Why, When, and How to Do It
Every business needs payroll to function smoothly. Even when problems arise over and over again, some companies are reluctant to consider new technology providers. Switching payroll providers can sound intimidating at first, given the amount of research, paperwork, implementation, training, and more. Outdated HR technology leads to preventable errors, never-ending delays, and unhappy employees. Payroll […]
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The High Cost of Payroll Errors: What to Know and How to Prevent Them
A recent study about payroll and payroll errors by Ernst & Young, a multinational accounting firm, surveyed over 500 companies (from 250 to 10,000 employees) and found that: When HR processes are handled manually, nearly every step of payroll creates an opportunity for mistakes. As identified by the Ernst & Young study, here are just […]
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Why 2023 is the Year You Invest in Payroll Software
We all put off things we should do because they seem difficult or time-consuming. The end of one year and the start of a new one gives us the chance to tackle these much-maligned tasks with a clear head and renewed drive. If the past several years has taught us anything, it is that companies […]
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10 Ways HR Technology Helps Manage Labor Cost More Effectively
In many industries, labor cost is one of the biggest expenses for a business. According to the Bureau of Labor Statistics, wages and salary costs make up about 70% of employer costs for employee compensation. The remaining 30%of costs go toward benefits. In a period of inflation and rising wages, how can your business manage […]
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