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Compliance
42% of medium and small businesses have negative feelings about their compliance management practices. Learn how to get the upper hand on this complex topic.
The Benefits of Outsourcing HRM
As your business grows, it’s probably not going to be feasible to have just one or two people running payroll and HR management (HRM) for the entire company. The need for offloading these functions eventually becomes a business necessity. For many companies, the various functions and compliance challenges related to the HR department become far too complex to maintain in-house and fall under this umbrella. HR teams manage multiple functions So, it’s not always obvious which ones can be effectively outsourced. A good first step is to define the role you want HR to play in your company as well as how you want your systems to operate (Software as a Service [SaaS] is one option). We’ve compiled a list of six areas where an outsourced HCM...
Are Employees Entitled to Paid Time Off to Vote? (22 States Say Yes)
“Voting is a civic duty” The United States was built on the principle of self-governance or autonomy, and the primary method most people use to exercise that right is by casting a vote for the people or the laws that most closely represent their personal values.While this right is a very important one, today there’s no federal law that requires employers to provide time off from work for voters. Further, Election Day isn’t considered a holiday the way it is in many other countries. On a positive note, though, many states require businesses to provide paid or unpaid time off so their employees can vote. Which states require employers to offer time off to vote? Providing paid time off (PTO) to vote is required in 22 states; unpaid time off...
Employee Alcohol Testing
Drug and alcohol testing are mandatory for certain jobs, and many employers still require a drug test for applicants as a pre-employment screening. But what happens afterward when it comes to employees and alcohol on the job?In 2018, a pathologist was fired from his job at a Veteran’s Administration hospital. On two occasions, he was determined to be under the influence of alcohol while on the job. He was ordered into a rehab program. Following his release, he obtained a chemical that would make him intoxicated but wouldn’t show up on a random drug test. The doctor is accused of being so impaired on the job that he made several misdiagnoses resulting in the deaths of at least three people. He’s currently under federal indictment for...
2019 HR & Compliance Web Summit: Executive Summary
With 20,000+ registrations, this was Paycor’s biggest and best web summit yet!Industry experts like Jennifer McClure offered actionable insights and advice on all things HR, from self-care for the HR pro to in-the-news compliance issues. If you missed the live webinars you can watch them on our on-demand webinar page.In the meantime, here’s a quick overview of each session. 5 Steps to Become a Strategic HR Leader | Speaker: Lori Kleiman In today’s business environment only 20% of HR professionals interact with the executive suite. Lori Kleiman says it’s time to stop waiting for your gold embroidered invitation and finally take your seat on the leadership team. Ready to become a strategic HR leader? Follow this 5 step plan: Engage...
Payroll Risks and Controls: Everything You Need to Know
Believe it or not, running payroll is a risky business The IRS estimates that 40% of small to medium-size businesses end up paying a payroll penalty each year. Whether you’re a large organization or a small one, there’s always a risk of payroll errors leading to fines, penalties and sometimes litigation. Protect yourself from fraud and human error Businesses that run payroll on their own, especially small businesses, are at a much higher risk of being disrupted by fraudulent activity and human error. From ghost employees to hour padding to buddy punching, when a company lacks the appropriate internal controls to manage its payroll, it can run into big trouble. Here are 6 common payroll risks and controls you can implement to mitigate...
Webinar: October Web Summit - Compliance from Hire to Retire
From managing recruiting compliance data to accurately tracking employee hours, you need a partner who can offer the right technology plus expertise to help mitigate risk. Register for this webinar to see how Paycor can help prepare you for all of the compliance challenges in managing the employee lifecycle!We will be reviewing these 4 major areas of compliance: Recruiting Hiring Payroll People Management Speaker: Brett BeilfussBrett has been the Senior Bank Marketing Program Manager for Paycor for the past three years. He works exclusively with Paycor’s Bank and CPA referral partners, whose aim is to help their clients mitigate risk.
Webinar: October Web Summit - How to Design your PTO and Paid Leave Policies
As companies seek to offer employees more flexible work arrangements, designing paid time off and paid leave policies has never been more challenging. In this session, we will unpack the imposing array of federal, state and local laws that must be considered when designing lawful and effective PTO and paid leave policies.Speaker: Katharine WeberKatharine is a Principal in the Cincinnati, Ohio, office of Jackson Lewis P.C. She has successfully assisted countless clients in handling their labor and employment issues in both Ohio and Kentucky. Her expertise also includes litigating wrongful discharge cases, managing discrimination cases, negotiating collective bargaining and severance agreements, advising management on employment relations...
Webinar: October Web Summit - W-4 Changes in 2020: What You Need to Know
With the enactment of the federal Tax Cuts and Jobs Act in December 2017, several features of the federal income tax code were changed or eliminated. To match the federal withholding system more accurately, the IRS issued major revisions to the Employee Withholding Allowance Certificate (2020 Form W-4).This session will examine how the 2020 Form W-4 is different and what you must do for new employees hired on or after January 1, 2020. We’ll review procedures for existing employees who have an old Form W-4 and analyze some of the tax withholding changes that will result. We’ll demonstrate a few common withholding scenarios, share best practices for complying with the new mandate and review employer FAQs surrounding the use of the new Form...
Webinar: EEO-1 Component 2 Data Due Sept 30
The clock is ticking!Employers must submit Component 2 data to the EEOC by September 30, 2019. Join us for a refresher on what’s required, who’s impacted and late breaking news that could impact future filings.
Hiring Independent Contractors: Are They Right for Your Business?
In today’s booming gig economy, it’s becoming more common for businesses to hire freelancers or contract workers instead of employees to supplement their existing workforce. Independent contractors can be brought on to fill just about any role within a company, from janitorial services to members of the C-suite. Here’s the unique distinction: Independent contractors are self-employed and not considered a full-time employee of your company. The pros and cons of hiring independent contractors While this makes hiring freelancers attractive – knowing that the business is not responsible for additional overhead and equipment, payroll taxes, or benefits – you’ll also find some challenges and potential pitfalls that should be faced when you...
How to Calculate Imputed Income for Domestic Partner Benefits
When is a domestic partner treated like a spouse? If one of your employees gets married, their spouse is entitled to some tax-free benefits offered by your company; health insurance is the primary one. If, however, that same employee is in a domestic partnership, no such luck… with one exception. If the domestic partner can also be claimed as a tax dependent on the employee’s income taxes, they’re treated like a spouse. To qualify as a dependent, the domestic partner must live with the employee full-time, have gross income of $4,150 or less, and receive more than half of their total financial support from the employee.What is imputed income? If you determine that domestic partners don’t qualify as a dependent and they receive health...
Why (and How) to Switch to a New HR & Payroll Platform
The right HR technology can enable you to better manage, develop and engage people and make better strategic decisions. However, the opposite is also true. Sticking with the wrong HR & Payroll provider can tank an otherwise healthy business.The consequences of NOT switching, and staying with a subpar HR & Payroll provider, touch every aspect of your organization. Obviously, HR and the payroll process are affected, but the inefficiencies can also impact recruiting, training and development, time & attendance and how you go about analyzing the data overall.So why don’t more organizations make the switch to a platform that better meets their needs?For starters, it can be a challenge to figure out how they differentiate. Not all...
Buyer's Guide To HCM And Payroll Technology
An HCM platform is the foundation of your business, and choosing the technology is one of the most important decisions you'll make.
Get ExpertiseWhat Compliance Means for Your Organization
Do you spend too much or too little time on compliance? The IRS estimates U.S. businesses spend a collective 2.8 billion hours a year on tax compliance alone. Add in the Department of Labor’s requirements for overtime and minimum wage as well as the Affordable Care Act’s tracking and reporting regulations and you’ve only just scratched the surface of compliance.
Naturally, being compliant is going to mean something different depending on the industry in which you work. Are you a medical facility who can’t allow licensing to lapse or perhaps a manufacturer with concerns about Occupational Safety and Health Administration (OSHA) law? What sort of training do you have in place to prevent employment discrimination and a subsequent EEOC lawsuit?
The right HR partner can offer your organization expert advice on how to mitigate compliance risk. Learn what potential violations should be on your radar and how to avoid them as well as how to maintain compliance through the employee lifecycle.