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According to economic estimates, if the strike extends into mid-October, it could curtail payroll growth by about 100,000 jobs — adding pressure to an already stressed U.S. Ports affected by the strike range from Maine to Texas and reportedly handle approximately half of U.S. ocean trade.
Of course, if you are a contract worker, you may have negotiated a remote work agreement or have different requirements. Taxes can get complicated quickly, especially when dealing with multiple states, so make sure to work with a tax professional and your payroll department to ensure you’ve covered all of the details.
They need to be good at negotiating, too, so they can earn the fees they deserve and manage client expectations. Regardless of the industry or specific talents, freelancers must possess some core skills to thrive. Freelancers act as their own boss. Long-term success lies in building good client relationships.
One answer is that as the company payroll increases, they cannot have a personal relationship with every employee and they lose sight of what’s happening below them. Creating systemic and regular channels for communication is non-negotiable. Being socially aware requires empathy, or the ability to understand the perspective of others.
For example, in the early 2010s, one Ottawa-based employee tried to push back against a concerning payroll system, but was told she “wasn’t being a team player.” Just as you would negotiate a salary with comparisons, it is important to highlight data that could benefit the implementation of your idea.
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
There are several differences between running a small business versus a large corporation, but at the end of the day, payroll taxes are something that all business owners must pay close attention to in order to avoid problems with the IRS. To avoid this and keep your business afloat, you must manage your payroll taxes properly.
They can prepare payroll and keep track of time reports. Many will engage in benefits implementation, contract administration, and union negotiation services since all of them involve finances to some extent. Check out this list of seven notable accounting skills. Administrating. Accountants can manage the personnel within a company.
Sooner or later, every entrepreneur discovers that negotiation is an indispensable skill. It’s because most new entrepreneurs don’t end up doing what they love, but spend their waking hours on payroll, bookkeeping and clogged toilets instead of making those artisanal flourless cupcakes.
Negotiation skills : HR assistants will be regularly involved in various negotiations, including salary discussions and purchasing meetings. Skilled negotiators usually succeed in such a role. Related: 8 lessons you can learn from business leaders What are the characteristics of a good HR Assistant?
They coordinate schedules, handle employee issues, negotiate with suppliers and work hard to ensure everyone gets along within the company culture. Office managers may also draft documents, help with payroll, keep an organised office environment and communicate via phone, email and fax (yes, some companies are still using fax machines).
Others enter the data into payroll, into project tracking systems and then again into client billing systems. Identify contracts and negotiate rates before they automatically renew. Increase productivity so initial growth can be absorbed by existing employees. A lab order is faxed in. Then a coordinator searches for the patient.
Managers and executives also value assistants who know how to use accounting, payroll and HR applications. You’re on the front lines every day — overseeing day-to-day operations, selecting vendors and negotiating contracts — putting you in the perfect position to look for opportunities to cut office expenses.
More importantly, an outsourced HR vendor brings consolidated purchasing power to their negotiations with insurance companies. In many cases, an HR vendor can, because of economies of scale, reduce administrative costs and thus reduce premiums to some degree.
An alarming 83% of employees would consider leaving their current employer due to a lack of focus on wellbeing, signaling that wellbeing remains non-negotiable and may be an employment dealbreaker. This is consistent with 2023’s result of 87% and up from 68% in 2022.
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