What is an Exempt employee in the workplace? Pros & cons
Exempt employees are not entitled to overtime compensation or minimum wage under the FLSA. They typically receive salaries and benefits, distinguishing them from nonexempt workers.
Entries by Amit
Disparate Impact: What it means, how it works, history
Disparate impact refers to neutral policies that disproportionately affect protected groups, impacting areas like housing and employment. Federal regulations allow evaluating these impacts to identify and prevent discrimination.
What is Employer of Record (EOR)?
An Employer of Record (EOR) simplifies global expansion by handling payroll, benefits, and compliance, saving businesses time and resources. Companies can achieve a global presence without the complexities and costs of establishing a new office or entity.
What is EPL insurance?
EPL insurance protects businesses from the high costs and disruptions of employment claims, covering legal fees and settlements. Safeguard your company from claims of harassment, discrimination, and wrongful termination with comprehensive EPL insurance.
Does employer match count towards the 401k limit?
Employer 401k matches do not count towards your individual contribution limit, offering extra retirement savings. In 2024, the total 401k contribution limit, including employer matches, is $69,000 or 100% of your compensation.
How to find an Employer Identification Number without a W2
Learn effective methods to locate your Employer Identification Number (EIN) without a W2, including using IRS confirmation notices and bank records. Retrieve your EIN from previous tax returns or by contacting the IRS directly.
What are employer payroll taxes
Understand employer payroll taxes and the complexity of calculating the correct amounts, including contributions to Social Security and Medicare. Learn the importance of accurate payroll tax management to avoid potential penalties.
What is a Professional Employer Organization?
Discover how a Professional Employer Organization (PEO) can streamline your HR responsibilities and provide expert support for a fraction of the cost. Learn about the various services offered by PEOs and how they differ from staffing agencies.
Everything you need to know about employee retention credit
Explore the benefits of the Employee Retention Credit, a tax incentive designed to encourage businesses to maintain their workforce during the COVID-19 pandemic. Learn how to apply retroactively for this credit and maximize your business’s financial recovery.
Will my employer know if I take a 401k loan?
Learn how taking a 401k loan is visible to your employer and understand the implications and conditions they might impose. Discover privacy rules around your 401k and employer’s role in setting loan terms.