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How to set up a payroll process: 10 steps

Insperity

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Understanding the difference means knowing how to report income, withhold and pay taxes, and handle overtime for each group. Verify employee classification.

Payroll 260
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You need a data protection policy – Here’s the basics

Insperity

If there is no IT department, consider hiring an IT security firm or consultant to assess the company’s computer network and address security weaknesses to prevent a future data breach. Report the data breach to local law enforcement or consumer protection agencies, if required by state law.

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How to retain employees and thrive during the Great Resignation

Insperity

Even more concerning for employers, the Society for Human Resource Management (SHRM) reports in its Spring 2022 People + Strategy Journal that on average, a majority (about 60% at the time of reporting) of recent turnover is voluntary. A lot of training and development opportunities don’t have to break the bank, either.

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Mental health at work: The laws and best practices

Insperity

While the topic is a complicated one that may require the advice of a legal or HR consultant, here are the quick facts: One or two days away, from time to time, and requested in advance, may be a good use for unused flex time, sick leave or even banked vacations days (and handled in the same manner as common illnesses or injury).

Legal 228
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Should your company offer a student loan repayment benefit?

Insperity

According to the Report on the Economic Well-Being of U.S. As with any new benefit, it will be important to consult with a tax specialist to fully understand the costs and potential advantages to both the company and the individual, should you decide to offer student loan repayment assistance. Create accountability.

Payroll 162
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JPMorgan Chase’s Office of the Future

Office Space

During lockdowns, when their HQ stood empty on Madison Avenue, the banking titan’s thinking on the essence of the office itself began to transform. “We To back up this real estate investment strategy, the bank is constructing a massive 60-story tower on Midtown Manhattan’s Park Avenue. In 2019, JPMorgan Chase & Co.

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3 Steps to Take Before Going Into Business for Yourself

Success

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank. You should consult your own tax, legal and accounting advisors. Create a plan.

Insurance 128