Do You Know The Right Lookback Period For Your Organization?

The world of tax law and payroll regulations is a complicated one. Managing pay periods, calculating overtime, and staying current on the latest procedures is no easy task. One critical component of tax law regulation your business needs to comply to is the lookback period. The lookback period is a complicated affair, but in general terms, a lookback period is a determined length of time the IRS uses to make sure your previous tax filings are correct. The status of your business will determine the length and filing type of your particular lookback period. Let’s take a look at a few common examples to better understand this component of tax law.

TaxGuest UserAugust 13, 2018Lookback Period, Tax Law, Tax FilingComment

Everything You Need to Know to Pay your Employees in Michigan

When it comes to paying your employees, there are many rules and regulations to keep in mind in order to stay in compliance with the Fair Labor Standards Act (FLSA). Chances are, you’re aware of all the statues that regulate wages, overtime pay, and other similar ideas. However, not everything is quite as clearly defined as these, and there is a lot of gray areas that payroll professionals struggle to understand. And, as if this isn’t confusing enough, these guidelines have a tendency to vary somewhat from state to state. As a Michigan-based payroll and HR software company, we at Dominion have all the resources you need to break down some of these regulations in order to make sure you’re ready to process payroll and avoid any fines and penalties that might sneak up on you.

PayrollGuest UserAugust 8, 2018Payroll, Michigan Payroll, Payroll Frequency, PaycardsComment

5 Strategies to Help your Employees Have a Healthy Work-Life Balance

Finding a job that offers a quality work-life balance is becoming one of the highest priorities for job seekers in 2018. Studies show that applicants are more invested in finding jobs that work well with their home lives than they are with higher paying jobs or those that offer more PTO. Creating a workspace that provides a healthy work-life balance can not only assist you in your recruitment and retention needs but also has been proven to increase employee productivity. Does your company take strides to promote a healthy environment for employees to balance their home and work lives? Read on to get a few strategies your organization can implement to create happier and healthier employees and improve your overall company culture.

Human ResourcesGuest UserAugust 6, 2018Work-Life Balance, Human Resources, HR, Flextime, PTO, Unlimited PTOComment

Clarify Overtime Pay in the Healthcare Industry by Understanding the 8/80 Rule

The healthcare industry faces a number of challenges when it comes to staffing 24-hour facilities. Perhaps the biggest challenge is accurately calculating overtime pay for staff who work longer than 8 hours a day or more than 80 hours in the workweek. The solution most health care employer’s use is the 8 and 80 rule. If you’re unfamiliar with the 8 and 80 rule, keep reading to find out how it could benefit you.

Time & AttendanceGuest UserAugust 3, 2018Health Care, 8/80 RuleComment

7 Ways HR Reporting Can Benefit Your Business

As companies grow, the amount of internal data they generate grows along with them. Typically, employee data is stored electronically, which provides easy access as well as a convenient way to update and change information. However, in today’s business landscape you need to be able to visualize key human resource data in order to see which processes are running smoothly and where operations can be improved. Having a Reporting feature allows you to streamline this process. Let’s dive into 7 reasons why your business can’t afford to not have a reporting feature.

Human ResourcesGuest UserJuly 30, 2018HR, Reporting, Employee ManagementComment

The Cost of Employee Time Theft

Did you know that nearly half of employees commit time theft in one form or another? According to a survey created by Software Advice, 43% of employees accept pay for time that they have not actually worked. Because of this, organizations are losing over $400 billion annually in lost productivity. Of the hourly workers surveyed in this study, not only did 43% of them admit to exaggerating the amount of time they’ve worked during their shifts, but 25% also said they reported more hours than they actually worked on their timesheets almost 100% of the time. However, only 3% of employees surveyed said they committed time theft by using their biometric time clocks. This is a great statistic to keep in mind as you evaluate your timekeeping process.

Value These 3 Things to Diminish the Skill Gap Phenomenon Among Your Employees

Today’s workplace changes rapidly. The technology we use and the skills we need are constantly evolving, which creates challenges for HR and Payroll professionals. It’s difficult to pinpoint the exact set of skills new employees need to succeed in the modern economy, but HR and Payroll professionals can focus on a person’s analytical problem solving, technological adaptability, and soft skills to meet most tasks. Let’s dive into each to see how they help diminish the skills gap.

Human ResourcesGuest UserJuly 23, 2018Human Resources, Skills Gap, Employee Training, Onboarding ProcessComment

6 Things to Consider When Manually Calculating Time Cards

If you’re reading this blog, it’s probably safe to say you have at least a few hourly employees within your company and it’s your job to calculate their time cards by hand. What’s more, you probably spend a decent amount of time worrying about those hourly employees receiving excessive overtime. After all, the Fair Labor Standards Act (FLSA) states that employees must receive overtime pay of at least one and a half times regular pay for an excess of 40 hours worked in a workweek. This can really add up in the long run financially, especially if your employees abuse the system. What’s more, there are certain laws and regulations that must be met when it comes to tracking your employees’ overtime pay, so you have to have records of all your employee time and attendance.

BusinessGuest UserJuly 20, 2018Time and Attendance, Timekeeping, OvertimeComment