As an employer, you are required to uphold the responsibility of payroll taxes. As such, you must also ensure that you understand what the rules are, especially due to how complex they are in nature. First and foremost, a good place to start is by ensuring that you are aware of these three types of taxes, which you will need to send to the government. Federal income taxes: Employees are … [Read more...]

Open enrollment is usually a challenging time for employers. However, the COVID-19 pandemic added another layer of complexity, forcing employers to modify many aspects of their business — including open enrollment. In short, open enrollment is a period of time during the year when employers allow employees to make elections or changes to their benefit plans — such as health insurance, flexible … [Read more...]

More and more employers are automating their human resources processes. Many also integrate their HR processes with interrelated activities, like time and labor or payroll and benefits. However, the implementation of these technologies has triggered various security risks, including cyberthreats from criminals whose goal is to access confidential data for nefarious purposes. Below are three … [Read more...]

Depression, also called major depressive disorder, is a prevalent and serious medical condition that adversely impacts a person's feelings, behaviors and thoughts. An employee who has depression may exhibit symptoms that can range from mild to severe, such as: Feeling sad. Losing interest in activities that were once enjoyable. Experiencing a depressed mood. Having sleep problems. … [Read more...]

IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes as well as payroll taxes, Social Security, and Medicare taxes that the business withheld from employee paychecks over the previous tax year. Filing deadlines are the last day of January, April, July, and October of any given year. On the form, you have to account for the following: Wages … [Read more...]

The reasons for talent shortages can get complex. Oftentimes, they stem from one or more of the following: Deficiencies in the organization's practices as they relate to employees, such as bad managers, pay inequity or overdemanding workloads. Employees leaving for personal reasons, such as health issues or family responsibilities. A tight labor market, which gives employees greater … [Read more...]

In a hybrid work arrangement, employees work partially from a remote location and partially from the employer’s place of business. The employee gets to enjoy the convenience of remote work and the social interactions of on-site work. Because hybrid employees must travel to and from work in some capacity, commuter benefits are often a consideration. Employer-sponsored commuter benefits enable … [Read more...]

Structured interviews are a powerful tool for employers to objectively assess candidates and select the most suitable person for a job. Unlike unstructured interviews, which are often informal and unpredictable, structured interviews use standardized questions to evaluate each candidate's competency systematically. This approach minimizes bias, ensures consistency, and enhances the overall hiring … [Read more...]

The IRS says, "All taxpayers should review their federal withholding each year to make sure they're not having too little or too much tax withheld." However, employees may not be aware of the IRS' suggestion, which is why employers should tell them about it. Why employees should review their withholding If they have too little federal income tax withheld, employees may end up owing taxes or … [Read more...]

In a 2020 survey, 44.9% of respondents said they would view their employers in a better light if they provided a financial wellness program, and nearly one-third said they would participate in a financial education program if their employer offered it. A different 2020 survey found that "62% of employers feel extreme responsibility for their employees’ financial wellness, up from 13% in 2013." … [Read more...]