What is Diversity, Equity, and Inclusion? (DEI meaning)
Diversity, equity, and inclusion (DEI) are vital principles in fostering a balanced and productive work environment. Embracing DEI enhances talent retention, decision-making, and overall organizational performance.
HRIS: The essential tool for HR management
HRIS systems help manage and automate payroll, timekeeping, and benefits administration, enhancing overall HR efficiency. Modern cloud-based HRIS solutions offer increased data storage, security, and seamless integration with other HR applications.
What is a Statutory employee? Criteria, taxation, and example
A statutory employee is a freelancer treated as an employee for tax purposes, meeting specific criteria for Social Security and Medicare. These workers receive W-2 forms, allowing tax deductions for job-related expenses, but typically lack regular employee benefits.
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.
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.