Tag: payroll

Ask the Expert: Can We Switch Payroll Frequency?

Our payroll runs every two weeks right now for both salary and hourly employees. If we switch the payroll to semi-monthly is this allowed or legal especially for hourly employees? We handle payroll for our employees in several states–California, Florida, Illinois, New York, and Texas.

For Compensation Plan Communication, Try Video

John Hyttinen, Senior Director of Total Rewards at payroll and business services giant ADP, needed to explain a bonus program to all employees. Before he could execute on it, he needed to identify his tactics. He started by determining guiding principles for the communication. While his own ideas would play a role, he really wanted […]

What Is the Sarbanes-Oxley Act (SOX)?

Remember Enron? WorldCom? Tyco? These accounting fraud cases shook investor confidence and spawned a new era: one in which there are tighter regulations that address financial oversight for corporations. In the wake of these scandals, U.S. Congress responded by enacting the Sarbanes-Oxley Act (SOX) in 2002.

What are Your Legal Obligations Related to Payroll Administration?

For any business that hires employees, it’s important to understand the legal obligations related to processing payroll. Typically, an employer is free to set up its own system of payroll administration and can choose the frequency of pay as well as the day of the week that is the designated pay day. However, there are […]

Compensation Administration: Why Make It Formal?

Not every company has a formal name for it, but every organization that hires employees has to have an idea of what they’re willing and able to pay those employees. Pay and benefits may be determined ad hoc in many organizations, but there are actually a lot of benefits to creating a more formal structure […]