Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit program can save your organization thousands of dollars in taxes and increase the diversity of your workforce. Read on to find out how it works.
Paying Employees
Change Leadership
Big changes are coming! What is your organization’s approach? Learn how to overcome resistance, inspire your team and drive positive transformation that will propel your organization to new heights of success by becoming a change leader. Here’s how.
Earned Wage Access (EWA)
Unlock the potential of Earned Wage Access (EWA) to support your employees' financial wellbeing. See how EWA gives them control over their earnings, relieves financial stress, and drives enhanced satisfaction, retention, and productivity.
Medicare Tax
What do you know about Medicare tax… really? Take a simplified dive into the complex world of Medicare tax where blind spots will be uncovered and you’ll find yourself equipped with proactive action steps and newfound know-how.
Next-Day Direct Deposit
Boost efficiency, streamline operations and keep your employees happy with next-day direct deposit. Find out why HR professionals can't afford to overlook this game-changing payment solution in this quick read.
Paycheck
We all know how important getting paid is. But how does that paycheck get to your employees on time and accurately? Let's look at best practices around payday.
Wage Theft
We are all aware of the legal and moral implications of not paying employees for the work they have done—yet it still occurs. Understanding the dynamics and impact of wage theft is essential for protecting workers' rights. Let’s look at how HR professionals can support the prevention of wage theft.
Payroll Reporting
Your organization's payroll reports provide a wealth of information that can help you understand and control labor costs, provide accurate reporting, and mitigate financial risks. Read on to learn more about payroll reports and their impact.
Daily Payroll
Are you considering paying your employees daily, but are not sure what impact it will have on your company? Are you unfamiliar with how daily payroll works? If you need some guidance and understanding of daily payroll, keep reading.
Payroll System
How does your company pay its employees? This process is called a payroll system, and there are several different types. Continue reading to learn what features every payroll system should have, how to choose a payroll system and more.
Monthly Payroll
Are you having a hard time determining how often you should pay your employees? Are you considering doing a monthly payroll but aren’t sure of its advantages and disadvantages? This article dives into a monthly payroll and if it is the right fit for your company.
Form 941
If you pay wages, chances are you’ll need to complete Form 941. In this article, you’ll learn more about Form 941, who should file it, and why.
Form 940
Payroll can be complex. There are tons of forms to complete and federal taxes to be paid, such as FUTA. To pay your FUTA tax, you must first complete Form 940. To learn more about this form, keep reading.
Pay Rate
Pay rate is extremely important for HR professionals to understand. There are several factors that affect pay rate and several ways to determine it for your employees. Continue reading to find out how!
Weekly Payroll
How does weekly payroll benefit employers and employees? How can you transition your company to performing payroll on a weekly basis? Continue reading to learn the answers to these questions and more.
Global Payroll
The bigger the world gets, the smaller the world gets, or so it’s said in global payroll certification training. Each country’s payroll brings the opportunity to learn and adapt to a new set of rules, compliance issues, benefits, payment types and exchange rates, as well as the invaluable exposure to that country's culture.
Physical Paychecks
Does anyone use physical paychecks anymore? Some do. Let's look at what you need to know when issuing them.
Semi Monthly Payroll
Payroll processing is one of HR’s necessary evils. Is it better to process payroll just twice a month on set dates? Is a semi-monthly payroll schedule best for your industry? Read on to set your organization up for success with a semi-monthly pay schedule.
Biweekly Payroll
How do you know which pay schedule is right for your organization if you don’t understand the ins and outs of how they work? How do you calculate paychecks for salary employees? Is there a pay schedule that is better to process and better for your employees? Biweekly payroll might be just what you’re looking for!
Payroll Analytics
Payroll analytics is a multi-purpose tool. It helps protect the company’s money, improve business profitability, and identify future risks.
Payroll Frequency
When employees start a job, they want to know how they are going to be paid and how frequently. This is typically handled by the payroll team, and it is important that it be clear and consistent. This article dives into everything that goes into payroll frequency.
Employee Time Clock
Tracking your employee’s time is essential to your organization, so you need to make sure you’re doing it right. Of the many solutions for employee time management, what is an employee time clock and what are the technologies being used with them?
Underpaying Employees
Employees want to feel valued and appreciated, and one way to show you value them is to pay them what they are worth. We'll look at the causes and consequences of underpaying, as well as how to avoid it.
Overpaying Employees
Of all the errors made in payroll calculations, overpaying an employee is the least likely to be reported. It is important to know how to quickly identify and correct employee overpayments properly so it doesn't cost your company even more to collect back.
Wage Garnishment
As an employer, wage garnishments can be intimidating and confusing. There is uncertainty around how much to take out, when to take it out, and more. A mistake can result in fees for the company, adding pressure to HR. Read on to understand wage garnishments and learn some best practices so you can be more comfortable when the first one comes across your desk.
Compensation Metrics
Compensation metrics can help an entire organization, even beyond HR. Employees can see they are being paid competitively, hiring managers have a benchmark for future hires, and finance can see why a certain salary is important. Keep reading to see why compensation metrics are beneficial to track as an HR employee.
Payroll Mistakes
Do you find yourself dreading payroll every time you have to process it? Are you having a hard time avoiding mistakes but are not sure how to catch them before they happen? Payroll—often one of the most exciting parts of the job for your employees because they are getting paid—is one of the most comprehensive, technical, and specific parts of the job for HR. Read on to identify the common payroll mistakes and how to avoid them.
Payroll Accrual
If you don't have a lot of accounting knowledge, payroll accrual might seem a bit complicated. However, if your company uses it, payroll accrual is important to understand. Let's simplify the concept and make you more comfortable with this topic.
Remote Employee Payroll
Are you moving to a more remote workforce? Hiring new employees in a different state or having current employees move out of state changes your payroll process. Have no fear — that’s where remote employee payroll can help.
Disposable Earnings
As an HR professional, you may find yourself wondering at what point you became a math teacher. When it comes to calculating disposable earnings for your employee and qualifying out how much of those earnings, if any, can be garnished, you may find yourself so caught up in math equations that you forget you’re in Human Resources. Read on to learn all you need to know about all the ins and outs of disposable earnings and the equations that will help you along the way.
Payroll Liabilities
For many organizations, payroll is the largest line item, and the task of processing it can be daunting. Learn what payroll liabilities are and best practices to mitigate risks.
State and Local Taxes
Often when “tax talk” is thrown around, you’ll hear things like, “FUTA and FICA percentages are changing this year, so be sure you’re in compliance.” If that alone is enough to make you sweat, you’ve come to the right place.
Tax Identification Number (TIN)
Human Resources professionals are faced with a multitude of bewildering acronyms and numbers on a daily basis. Ever have an employee ask you what their employee number is? Read on to learn about the different types of identification numbers the U.S. government uses to identify taxpayers.
Salary Range Spread
We all understand the nerve-racking moment in the interview process when the hiring manager asks what your salary range is. This helps the hiring manager understand the budget needed for the position. This article dives into the details surrounding salary range spread to assist in retaining and attracting talent.
Equal Pay Act
Numerous statistics show that in 2023, women get paid approximately 25% less for the same work that men do. Even though pay disparity based on sex has decreased since the Equal Pay Act was signed in 1963, there is still a need for organizations to adjust their pay structures. Read on to learn what you need to know about the EPA.
Federal Payroll Laws
Staying compliant with federal payroll laws is a crucial HR responsibility. If you find this intimidating, read on to learn the basics and what to watch out for.
Training Pay
When employees start a new job, the onboarding process includes training. Do you understand how to go about paying employees while in training? This article dives into training pay and how employees should be paid while in training.
1099-NEC Form
The 1099-NEC form is required for all non-employees who earn $600 or more in a year from your company. Read more to learn who qualifies, when to file, and what will happen if you fail to file the 1099-NEC form by the deadline.
Celebrating National Payroll Week w/ Christine Stolpe
In episode 60, we sat down with Christine Stolpe to discuss what Payroll Appreciation Week is all about and how employers and employees alike can get more informed about their paychecks.
Payroll Software
Making sure employees get paid correctly and on time is one of the most important HR tasks. But it’s an extremely time-consuming process that takes HR professionals away from more strategic HR projects. Luckily, great payroll software can help. Below, we’ve listed our favorite payroll software along with some tips for how to choose the best payroll software for your company.
Proration
An employee is resigning half way through a pay period, or is hired five days after the pay period begins. How do you calculate their wages accurately? This is called proration. Let's look at the different methods and why timing is indeed everything.
Gross Up
As the war for talent continues, many potential candidates are on the move. To combat the cost of relocation, a gross-up might be your solution. Continue reading to learn more about what gross-ups are, how to calculate them and why they’re important.
Pay Period
Do you know that there are different types of pay periods? Understanding what a pay period is, what impacts it has, and how to go about selecting the best pay period for your business is important. Keep reading to get the low down on everything pay-period related.
Payroll Deductions
Do you remember when you got your very first paycheck and it wasn’t the amount you expected? That’s because of payroll deductions, the amount your employer withholds from your earnings. Let’s take a closer look at payroll deductions and why they are important.
Time Tracking Software
How can you make sure your employees are staying on track and properly estimate project budgets? Time tracking software lets your employees accurately track their hours and provides you with data for business insights to help improve your team’s efficiency.
Continue reading to learn what employee time tracking software is, the benefits of using time tracking software, essential features and how to choose the right software for your organization.
Continue reading to learn what employee time tracking software is, the benefits of using time tracking software, essential features and how to choose the right software for your organization.
Merit Pay
Do you want to increase employee recognition, reward employees for their performance, and thank them for their hard work? This can be accomplished by implementing merit pay. Merit pay can increase employee loyalty, motivate employees to exceed key performance indicators, and even save the company money.
On-Call Compensation
When a company has a need for last minute help, they may look to on-call employees. What happens when the employer requires waiting employees to limit their freedom while on-call? Here’s how to make sure your on-call employees are adequately compensated.
Commission Plan
Building a strong sales team requires a strategic commission plan. Let's look at how to create an attractive, clear, successful commission plan.
Step-Rate Compensation Structure
Looking for a sustainable pay system? Step-rate compensation may be a step in the right direction—no pun intended. Read on to learn what step-rate compensations are, their pros and cons, and things you should consider prior to implementing.
FICA Tax
FICA. Do you flinch with uncertainty when you hear the term? Let us help you get comfortable with what this tax is all about and how to calculate, report, and pay it.
Minimum Wage
With the admirable aim to prevent the exploitation of workers, minimum wage laws are an ever-evolving and an ever-important area of legal compliance. But for those with no experience, where does one even begin? Here’s what you need to know.
Biweekly Pay
With pay frequency, everyone has something to say. The company says “less,” the employees say “more,” and the state laws have a few words to say as well. As 36.5 % of U.S. private businesses pay their employees every two weeks, biweekly pay is a great middle ground. Let’s find out if that’s the best fit for your business.
Competitive Pay
At the end of the day, employees work for money. While a passion for their job is important and welcomed, without being able to pay bills or save for experiences they desire, employees will not stick around for long. Let’s talk about how to create competitive pay for your employees.
FLSA Exempt
Have you wondered why some employees don’t receive overtime pay? That means they are FLSA exempt. There’s more that goes into an exemption than pay, so read this article to learn more!
Pay Date
How often do you pay your employees, and how do you decide? When building the HR function in an organization, the question of when to pay employees is bound to come up. Read on to consider your options and determine the best pay date for your company.
Overtime
Do you know the requirements for paying overtime to your employees? This article will explore some of the important facts you need to know about overtime and overtime pay.
Imputed Income
An employee is given a company car and is told he can use it for personal errands when not on company time. Are there tax implications for such a benefit? Learn what benefits are taxable and how to properly account for them.
Wage/Salary Compression
Wage compression can create negative impacts to employee morale leading to difficulty recruiting top talent and costly turnover. But what really is wage compression and how can you manage it successfully?
Salary Basis Test
Federal law states that all employees are considered eligible for overtime pay unless they meet certain requirements for exemption. Continue reading to learn more about the qualifications and requirements for exemption.
The Duties Test
Failure to pay overtime to qualified employees risks costly legal consequences. How do you know when and to whom you need to pay overtime? The FLSA Duties Test is a tool you need to be familiar and comfortable using. Let's look at how to use it.
Base Pay
Do you know what base pay is? Is it salary, compensation, or a wage? There are many ways to talk about paying your employees. Maybe too many ways! Don’t worry. In this article, we’ll answer these questions and more so that you know how to calculate, set, and change employee base pay.
Salary
In every industry, companies have to decide whether to pay their employees a salary or hourly wage and how much to pay them. In reality, there are both advantages and disadvantages to paying employees on a salary. In this article, we’ll help you understand what a salary is, and what paying employees a salary will mean for your company.
Hourly Wage
In HR, we often have to figure out whether an employee should be paid by the hour or by a salary. There are pros and cons to each, but it may be better to pay an employee by the hour under certain circumstances. In this article, we’ll help you determine whether you should pay your employees by the hour, and when it’s required.
Payroll
Are you struggling with payroll? We understand! Running payroll is absolutely necessary, but it’s a complicated process, and even the best of us have trouble doing it manually. We understand the struggle, so we’ve created our guide to understanding payroll and the various ways to do it. If you need help understanding payroll, you’ve come to the right place.
Compensable Time
Compensable time includes any hours that an employee is required to work or be on company premises. It is regulated by the Fair Labor Standards Act (FLSA). Not all work-related activities are compensable, but incorrectly compensating employees can result in legal penalties.
Continue reading to learn what compensable time is, what activities you must compensate employees for, what activities you don’t have to pay employees for and what the penalties are for incorrectly compensating your employees.
Continue reading to learn what compensable time is, what activities you must compensate employees for, what activities you don’t have to pay employees for and what the penalties are for incorrectly compensating your employees.
Gross Pay
In the world of payroll, you have to calculate tax deductions, benefits contributions, taxable income and net pay every single pay period. Although deductions might be unique for each employee, every calculation is based on gross pay.
Your understanding of gross pay is essential not only for accurate paychecks, but also to be able to explain those numbers clearly to employees. So, what is gross pay?
Your understanding of gross pay is essential not only for accurate paychecks, but also to be able to explain those numbers clearly to employees. So, what is gross pay?
Net Pay
Calculating net pay is the single most time-consuming process in payroll. It’s complicated, unique for each employee, and frankly, easy to get wrong. Here at Eddy, we created a thorough, step-by-step guide to help you calculate net pay accurately.
