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Payroll is just one of several crucial components for your organization. And just like other components within people operations and finance, payroll is multifaceted. Payroll compliance is one of those facets and is very important for HR and payroll professionals to stay on top of.
Payroll compliance refers to adhering to federal, state, and local regulations that govern how employees get paid. Making sure your HR team and payroll team are working together to stay compliant with payroll not only ensures that your employees are financially taken care of but also that your company is protected against any penalties.
Factors including payroll schedule, calculating salaries and wages, taxes, and making sure everything is done correctly and on time are vital for staying compliant with payroll and
ensuring your employees are fairly compensated without costing the company any unnecessary expenses or losses.
As laws and regulations change, requirements vary from state to state, and remote and hybrid work is now also in the mix. It can be overwhelming to navigate payroll compliance, what you should know, and the steps you can take to remain compliant. Because of its many facets, it can leave organizations and payroll teams with questions going unanswered, confusion,
In this ebook, we’ll discuss common payroll challenges and tips for helping your company stay up-to-date with payroll compliance in 2023.