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DOL Final Overtime Rules: Quickstart Guide for Employers

On September 24, 2019, the Department of Labor issued its final overtime rule to increase the minimum salary threshold for executive, administrative and professional exemptions from $455 per week ($23,660 annually) to $684 per week ($35,568 annually). The new rule goes into effect January 1, 2020.As your organization considers how to prepare and comply, we’ve created this guide which outlines the new ruling, provides tips to manage impacted employees and offers a checklist of key details to follow to mitigate risk. Click below to instantly download the guide.

Active Shooter Policy: What Employers Need to Know in 2020

Always Be Prepared for Emergency Situations in the Workplace It’s a sad reality that many people have a looming fear of active shooters in the workplace. Unfortunately, their fears aren’t misguided. According to the FBI, 60% of active shooter incidents occur in businesses. However, as an employer there are actionable steps you can take to prevent an active shooting, ease employee concerns and protect your people. Step 1: Form a Planning Team It’s important that your planning team has representation from departments across the business, as well as first responders. In the same breath, the planning team should be small enough to encourage close collaboration, yet large enough that it doesn’t put the burden on any one person. The planning...

How to Build Irresistible Benefits Packages for Employees

Employee Benefits Packages: Foundational to Workplace Satisfaction While a competitive salary is an essential part of attracting top talent, in today’s hot hiring market, the employee benefits package is just as important.More than ever before, employees are being offered robust and interesting job benefits as organizations strive to keep pace with the shifting culture of work today. Historically, offering health insurance and a 401k were the expected aspects of a benefits package. Today, employees are being offered benefits packages that include generous vacation policies and flexible working arrangements.In this article, we’ll share the most important aspects of an employee benefits package. You’ll learn what to offer in order to fully...

What are W-3 Forms? FAQs and Helpful Tips for 2020

As a trusted HR & payroll provider, Paycor gets hundreds of questions about Form W-3 each year. To help HR professionals mitigate risk, our compliance experts answered the most frequently asked questions around Form W-3. What is a W-3 form? Technical answer: Form W-3 is used to total up all parts of Form W-2. Both forms are filed together and sent to Social Security Administration (SSA) every year. Form W-3 is also known as “Transmittal of Wage and Tax Statements.”What employers really need to know: As an employer your responsibility is to review all W-2s for your workforce, summarize employee wages and tax information and then combine that data into one W-3 form. What’s the difference between Form W-2 and Form W-3? The difference...