2018 is right around the corner and we cannot wait to see what it has in store for us! Before looking at the future, I decided to take a look back at the Dominion blog posts that were the most popular. When it comes to the payroll and HR industry, there are thousands of resources that can be found online, and for us, being industry leaders is a top priority. We want to be able to share our knowledge and educate our readers on certain topics including employee benefits, time and attendance, payroll, and human resources in general. 2017 had many trending topics such as employee burnout, tracking employee time and attendance, absenteeism, and more. If you missed out on reading these blog posts or are interested in getting a refresher, look no further. The following are the top 10 blog posts at Dominion in 2017.
“If you haven’t worked in payroll before you may find the tax calculations daunting and downright confusing. Without the proper tools and training, you can easily find yourself miscalculating tax deductions and ultimately having to reissue paychecks to fix your mistakes. There are a few things you can do to avoid miscalculations for your in-house payroll - mostly referencing the correct (and most up-to-date) resources and keeping a calculator handy. Here are a few ways to ensure you are properly calculating your Michigan payroll taxes.”
“With the upcoming unknown that is the Department of Labor (DOL) Overtime Exemption update, it has become increasingly important to have an effective timekeeping system in place. If you are not familiar with the DOL Overtime Rule, it was scheduled to go into effect on December 1, 2016, but a federal judge has ruled against the regulation until further notice. You can read more about that here. At this point, we know that the overtime exemption rule has been blocked temporarily, but whether or not it will go into effect later, or will be modified, is anyone’s guess.”
“As a new business owner, or someone managing employees for the first time, it can be confusing to know what is required when it comes to employee pay. The Fair Labor Standard Act (FLSA) requires employers to follow certain guidelines when it comes to wages, overtime pay, recordkeeping, and so on, but there are other areas of payroll that are not as tightly regulated and it can be a bit confusing to decipher between the two.”
“No matter how perfect you think your retention strategy is, the truth is your employees will leave your company at one point or another, and there is nothing you can do about it. When an employee turns in their resignation letter, an exit interview should follow in the near future. Exit interviews are conducted when employees are departing a company, usually right before their last day.”
“If you don’t have a timekeeping system in place for your business, you are going to need to calculate your workers’ time manually by using their time stamps or punches for hours worked. If you are in charge of processing payroll, there are some general guidelines that will help to set up employee paychecks.”
“Some Time and Attendance methods are more effective than others depending on the nature of your business. Choosing the right method of timekeeping for your company requires the consideration of a number of variables. For example, mobile punching and PC entry might seem like the most economical alternatives since they don’t require the purchase and installation of separate time clocks. However, that might not be the case when the cost of time theft is taken into account.”
“Unpaid Time Off can be kind of a tricky policy to navigate. For companies without a 9 to 5 type schedule, such as restaurants or hospitals, it isn’t so bad since employees can pick up and drop shifts with some amount of ease. However, office professions typically have most employees who do similar jobs working at the same time, so they have to rely on Paid Time Off (PTO) for vacations and sick days. But what happens when that PTO bank runs dry? Many factors can contribute to an employee running out of PTO.”
“There are three different absence types that have an impact in any company: scheduled, unscheduled, and partial shift absences. Scheduled absences consist of vacation or personal time, such as PTO. Unscheduled absences include sick days, disability, and Worker’s Compensation leave. Lastly, partial shift absences are when a worker arrives late at work, takes longer breaks than allowed, or leaves early. Employers expect their employees to miss a certain number of days every year-it is inevitable- but when employees start taking advantage of that and start missing more days than they are allowed, it can decrease productivity and eventually have an effect on the company’s finances.”
“Recently Dominion hosted a webinar called "Avoiding Burnout", conducted by Michelle Steffes. During the webinar, Michelle shared valuable information on how to avoid stress and burnout while at work. Steffes mentioned that 8 in 10 employed Americans are stressed, and according to a Work Stress Survey conducted in 2013, the number increased by just 10% in one year. Some of the main reasons employees are stressed are increased demands, endless tasks, and not getting enough help at work. The burnout process has been divided into 12 phases by psychologists Herbert Freudenberger and Gail North.”
“Determining employee classification is a vital part of running your business. It can be easy to confuse an employee with an independent contractor and vice versa, but doing so will cause you a lot of problems later on.
EMPLOYEE VS. INDEPENDENT CONTRACTOR DEFINITION
Unfortunately, there is no single definition as to what classifies one as an employee, and this can blur the lines a bit between employee and contractor. However, the IRS relies on the Common Law Test to determine whether employment taxes such as social security, Medicare, and so on should be withheld from an individual’s pay.”
What would you like to learn about next? Let us know in the comments below and we will be sure to write something about your chosen topic relevant to the business and HR world!