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You may have seen the recent Department of Labor (DOL) announcement that the Payroll Audit Independent Determination (PAID) Program has been extended by an additional 6 months. If you saw that and hadn’t already heard of this program, it may have you wondering what it is and whether it might be something your organization would […]
Blockchain has the potential to disrupt the payroll industry in the next few years, but there is still a lot to learn about how it can and should be used. Paychex’s Frank Fiorille breaks down the basics of blockchain, its uses in the payroll industry, as well as benefits and risks.
Payscale released their Q3 2018 PayScale Index yesterday. The aim of the research is to identify and track quarterly and annual compensation trends (as well as forecast the next quarter).
We may still be a ways from Halloween, but some spookier lore lingers all year round—like that of the mysterious “ghost employee.” And what exactly is a ghost employee?
A recent study by Paychex sought to explore trends in wage growth and hours worked among small businesses. That report shows that small business wage growth has decreased, despite an increase in weekly hours worked.
We all know that unemployment has reached record lows. Employees might be wondering when they will start getting paid more, given that competition for talent should be severe. Research shows that is not happening. How do employees feel about this discrepancy? New research shows that nearly half of all employees think they are not being […]
There are many factors that influence employee satisfaction. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little extra in his or her paycheck.
Salary increases have been fairly stagnant lately. That has been a surprise to many analysts due to typically strong correlations between low unemployment and wage growth. A new study shows that stagnation is likely to continue.
Federal agency audits are never far from the minds of employer retirement plan sponsors and their third-party administrators (TPAs), but knowing which recurring errors and internal controls most interest the Department of Labor (DOL) and the Internal Revenue Service (IRS) right now can be helpful in avoiding or preparing for such inquiries.
A recent survey by CareerBuilder shows that nearly a third of women do not believe that they are making as much as their male counterparts, even though they have similar experience and qualifications. The same study shows that 12% of men feel that way.