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There’s never been a better time to be in HR. There’s so much to learn and so many exciting trends to follow. Here you’ll find our best thinking on the HR, finance, compliance and technology topics that will define the future of work.
Mobile Payroll App Pros and Cons
Mobile applications, also called mobile apps or just apps, are computer programs that are designed to run on mobile devices such as iPhones, Android devices, tablets or smart watches. Apps are typically downloaded from distribution platforms such as Apple’s App Store or Google Play Store for Android devices. They were originally pretty basic tools mainly created to assist with productivity such as email and calendar apps, but the functionality became highly popular. Now literally millions of apps are available, including apps for mobile payroll.The first basic payroll self-service app came out in 2010. Over the past decade, and with advances in technology, employees can now access far more than just their pay stubs with a tap of the...HR
Federal Tax Deposit 101: Everything Employers Must Know
What is a Federal Tax Deposit? Most would agree that taxes is not an exciting topic. But a full understanding of the rules around taxes is absolutely essential for employers. It’s a major responsibility to manage employees and follow the requirements of withholding taxes from employee wages.The IRS has specific and strict guidelines around withheld taxes. Any withheld taxes must be deposited to the IRS in the appropriate manner. This process is called the federal tax deposit.In this guide, we’ll outline the important aspects of payroll processing and the federal tax deposit.Before we dig into the federal tax deposit, these are the important areas within employee taxes and payroll. Paycheck calculation and preparation Withholding taxes...
How to Make Schedules for Employees | 5 Simple Steps
For managers, creating an employee schedule that makes everyone happy is sometimes an impossible puzzle. Especially in retail and organizations with variable shifts, creating the weekly schedule is a major headache for managers. Balancing the needs of the business, the needs of employees, and developing a streamlined process for successfully scheduling business is no small feat. As daunting and stressful as it can be, this essential and often dreaded task is a critical component to creating a workplace that’s positive and productive.If you manage a team of employees that work on an hourly basis, you probably already know that there’s a lot of behind-the-scenes work that goes into planning a successful schedule. Perhaps you have already...
FAQ: How to Hire People with Disabilities
Only 19.1% of disabled Americans are employed compared with 65.9% of the general population, according to the U.S. Bureau of Labor Statistics. Qualified job seekers with disabilities may be held back by companies’ fear of expensive accommodations or compliance regulations.If you’re interested in hiring people with disabilities, look no further. We’ve answered FAQs to help you remain complaint. Q: How does the federal government define "disability"? A: The concept of “disability” is defined by context. For employers, a person with a disability is someone who: has a physical or mental impairment that substantially limits one or more "major life activities," has a record of such an impairment, or is regarded as having such an impairment....
2020 Small Business Health Insurance Requirements
Small business owners aren’t insurance experts and they shouldn’t have to be. Many businesses are so small that the folks in charge of evaluating benefits packages are sometimes in the dark about the myriad compliance requirements surrounding health insurance coverage. Even though small businesses that employ fewer than 50 full time employees aren’t legally bound to offer health insurance, many of them offer coverage to improve employee engagement and morale and also to attract the best talent. So, if your company plans to provide health insurance for your employees, it’s important that you understand your choices and the laws around them.If you’re looking to offer health insurance in 2020 you should consider adding these five popular...
How to Pay 1099 Employees
As the gig economy grows more employers are looking to hire independent contractors (aka 1099 workers). But since paying independent contractors isn’t a walk in the park, many employers are looking for step-by-step instructions. Here’s a breakdown of everything you need to know: How Do I Pay a 1099 Worker? This subject is something you will need to discuss in detail with the person you’re hiring for the job. Often, they will have a written contract that stipulates how and when they should be paid. The two most common methods of payment are hourly and by the job or project. Some independent contractors — such as attorneys — prefer to be paid on retainer, which means you pay them a lump sum at the beginning of each month in return for a...
States with Salary History Bans
Requesting job applicants’ salary histories has been a pretty common practice for employers over the years. Recruiters and hiring managers often use this knowledge to exclude people from the candidate pool, either because the applicant is “too expensive” or their previous salary is so low, hiring managers think the person is poorly qualified or inexperienced.Businesses have also used previous salary information to calculate new hire compensation—a process that can perpetuate pay disparity between women and men. To address this inequality, several states and municipalities have enacted bans on asking for previous salary information, although laws vary in terms, scope and applicability. The states and territories that have enacted salary...SMB
4 Skills You Need to Run a Profitable Restaurant Business
Running a Restaurant is Not for the Faint of Heart Running a restaurant isn’t something anyone does for easy profits. Sixty-percent of restaurants (and in some regions, 90%) fail within their first year, according to Philip B. Stark of the University of California, Berkeley. Even when everything works, industry profit margins are typically stuck in the low single digits (National Restaurant Association). But There is an Upside So, are restaurant entrepreneurs crazy? No. After all, someone’s turning a profit. Restaurant industry sales are set to exceed a record $863 billion in 2019 (that’s 3.6% year-on-year growth). Consumer confidence is so strong that the National Restaurant Association’s 2019 annual report refers to it as “pent-up...SMB
Why Brick and Mortar Stores Aren’t Going Anywhere
Brick and mortar stores were supposed to be finished. The future of retail is online, industry experts have been saying for a while now. And sure, it’s true that consumer habits have changed, and we all know of traditional retail businesses - large and small - that have suffered from the ‘Amazon effect’. The low margins and convenience of internet shopping have made it seem like just a matter of time until traditional stores were a thing of the past.Here’s the thing: it mostly hasn’t happened that way. As we head into 2020, the ecommerce sector is hovering at around 12% of total retail sales (Statista). Brick and mortar businesses still dominate the marketplace - and some are even experiencing something of a revival. Think about this:...SMB
Big Business vs. Small Business: 4 Reasons Bigger Isn’t Always Better When it Comes to Employee Experience
The reality is, when it comes to hiring, big corporations are often at an advantage. They can attract talented people with big, resume - building projects and supercharged growth opportunities. In an historically tight labor market, it might seem tougher than ever for small businesses to attract top talent. However, small business owners shouldn’t feel too bad. Here’s why.While they might get less time in the limelight, companies with fewer than 100 employees do still employ more than a third of the U.S. workforce, according to the most recent census. What is attracting these employees to smaller scale operations rather than big names? A lot of it comes down to having their voices heard, being part of great teams, and seeing the...SMB
5 Ways to Prevent Long Restaurant Wait Times
It’s all about turnaround time Turnaround time is the duration of a customer’s visit, from the time they arrive to the moment they walk out the door and, for a restaurant manager, it can be the difference between surviving and thriving. Focus entirely on speed and you’ll make mistakes. Ignore timing and you limit your capacity to meet potential demand. (And with such slim profit margins - as low as 2% according to the National Restaurant Association - every minute counts.)While there’s a space for creative strategies - so called ‘nudges’ - for getting diners out the door faster, a restaurant manager’s first task is to speed up the parts of the process they control: mostly everything that happens between orders being taken and food...HR
7 Characteristics of a Good Work Ethic
Employees with a great work ethic are worth their weight in gold. We often talk about hiring “top talent”, but have you ever considered that it’s the people who show up every day and reliably get things done that are the real drivers of business success? We’re living through a historically tight labor market, and so it’s rare to get through the day without seeing a headline about the scarcity of superstar talent. That’s why we thought it was worth taking just a moment to celebrate and give a little definition to a humble and often overlooked quality: work ethic. Punctuality Whoever said “90% of success is showing up,” had a point. Employee tardiness takes a toll on productivity; it costs the U.S. economy billions annually, according to...
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Paycor has what might seem at first glance to be an unusual perspective on HCM technology. After nearly 30 years working with leaders of medium and small businesses, we’ve found that while our customers benefit from best-in-class technology, technology alone is not enough. To solve problems and grow, you need technology plus expertise. That’s why we invest so much time in providing you thought leadership in the form of articles, guides, whitepapers, infographics, video, quizzes and more. Our articles in particular feature some of our “hot takes” on topics and trends HR and finance leaders need to know about. We hope you enjoy, and get some practical inspiration, for our thought leadership on all things HR.