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Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0
Tools of the Trade Familiarize them with the essential programs and platforms used by the company (project management, file management, internal communications, virtual meeting platforms, etc.), Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule.
in 2024, according to the latest Salary Budget Planning Report from WTW. Payroll expenses have surged by 5.5% this year, with total payroll costs climbing across the board. Salary increase budgets at U.S. companies are projected to remain stable at 3.7% in 2025, up from 3.5%
Workers will remain on the payroll until January 17, 2024, in compliance with federal law. Additionally, members of the International Association of Machinists and Aerospace Workers (IAM) in St. The company’s move is in line with plans to downsize its operations, with another round of WARN notices expected in December.
Just as payroll systems became fully digitized in the early 2000s and virtual meeting platforms like Zoom took over during the COVID-19 pandemic, technologies like Copilot are expected to create a profound industrial impact, potentially on an even larger scale.
private payrolls increased at the slowest pace in seven months in February, blamed on policy uncertainty, likely related to tariffs on imported goods, and slowing consumer spending. ” Private payrolls increased by only 77,000 jobs last month, the smallest rise since July 2024, after an upwardly revised 186,000 gain in January.
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