As HR managers, assisting employees with 401(k) rollovers is pivotal for supporting their financial well-being during job transitions. The process involves transferring retirement investments from an old account to a new one, such as an Individual Retirement Account (IRA) or… Read More »Navigating 401(k) Rollovers: A Comprehensive Guide for HR Managers
The workplace is on the brink of significant transformations due to the increasing adoption of generative AI, as outlined in a report from the Society for Human Resource Management (SHRM) and The Burning Glass Institute. This article delves into the… Read More »Navigating the Disruptions: Generative AI’s Impact on the Workplace
Employees often find themselves deserving of a higher salary due to increased responsibilities, achievements, and market value. However, asking for a raise requires careful consideration and strategic planning. This guide aims to provide a step-by-step approach on how to effectively… Read More »A Guide to Successfully Requesting a Salary Raise
The Internal Revenue Service (IRS) has recently announced an increase in the monthly limits for qualified transportation fringe benefits for the 2024 taxable year. These benefits, governed by Internal Revenue Code Section 132(f), allow employers to provide tax-free transportation-related benefits… Read More »Qualified Transportation Fringe Benefit Limits to Increase in 2024
Health Savings Accounts (HSAs) have become a popular financial tool, offering triple tax benefits for individuals with high deductible health plans (HDHP). While contributions, earnings, and distributions enjoy tax exemptions, it is crucial for HSA holders to understand the strict… Read More »Health Savings Account (HSA) – Navigating Withdrawal and Spending Rules
Attracting and retaining top talent is crucial for the success of any organization. As technology continues to advance, artificial intelligence (AI) is increasingly playing a pivotal role in revolutionizing various business processes. One such area where AI is making a… Read More »Leveraging AI in Employee Candidate Recruiting
In the complex world of payroll and tax reporting, accurate documentation is crucial for both employers and employees. The W-2 and W-3 forms play a pivotal role in this process, serving as vital tools for reporting wages and tax information.… Read More »Understanding W-2 and W-3 Corrections: A Comprehensive Guide
In the ever-evolving landscape of employee benefits, businesses are constantly seeking innovative solutions to provide healthcare coverage for their employees while managing costs effectively. One such option gaining prominence is the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This article… Read More »Understanding QSEHRA: A Comprehensive Guide to Qualified Small Employer Health Reimbursement Arrangements
In today’s dynamic business environment, efficient workforce management is crucial for organizational success. One aspect of this management is tracking employee attendance. While this practice offers several advantages, it also raises ethical and legal concerns. In this article, we will… Read More »The Pros and Cons of Employee Attendance Tracking in the Workplace
Businesses are increasingly recognizing the importance of providing flexible and innovative solutions to attract and retain top talent. One such trend gaining traction is the implementation of On-Demand Pay, a revolutionary approach to payroll that offers a myriad of benefits… Read More »Unlocking Financial Flexibility With On-Demand Pay
In the dynamic landscape of today’s business world, attracting and retaining top talent is crucial for success. One key aspect of talent management is establishing competitive and fair compensation packages. Salary benchmarking is a strategic tool that allows businesses to… Read More »Effective Salary Benchmarking for Businesses
In the realm of employee benefits, providing for domestic partners requires a nuanced approach distinct from benefits offered to legal spouses and dependents. Understanding the concept of imputed income is crucial for employers to ensure compliance and fairness. In this… Read More »Navigating Domestic Partner Benefits: A Comprehensive Guide for Employers
When it comes to the end of an employment relationship, whether an employee quits or is fired can significantly impact the final paycheck. Understanding the legal requirements for final paychecks in each state is crucial for employers to avoid penalties… Read More »Understanding Final Paychecks: State-by-State Guide
The Form W-2 is a ubiquitous tax document, but understanding its nuances and staying up-to-date is essential for employers to ensure compliance. In this guide, we’ll break down the key aspects of Form W-2, from definitions to filing deadlines, and… Read More »Mastering Form W-2 in 2024: A Comprehensive Guide for Employers
Paid Time Off (PTO) policies vary across states, and understanding the legal landscape is crucial for businesses to navigate employment terminations effectively. Whether it’s a restaurant paying minimum wage or a multi-facility healthcare organization with salaried employees, compliance with state… Read More »Who pay’s out Paid Time Off(PTO)? A State-by-State Analysis