If you’ve been in HR for any number of years, you know year-end payroll can be a challenge. Much of that is due to the the Form W-2, formally known as the IRS Wage and Tax Statement. Don't scratch your head just yet. This guide breaks down everything you and your employees need to know to have a smooth filing season.
Every few weeks, employees receive a slip of paper that details their health insurance premiums, year-to-date 401k contributions, and even vacation and sick time balances. It sounds like the dream HR document, one that’s practical for employees and one that businesses can use to demonstrate value.
Baseball, apple pie, and biweekly pay. Getting paid every other week has become an American tradition, with the U.S. Bureau of Labor Statistics ranking biweekly pay as the country’s most popular pay frequency. While most international businesses typically run payroll on a monthly or weekly basis, employers here at home have taken the middle-of-the-road approach.