Decoding Payroll Terminology: Understanding ‘Impute’
Unveiling the Meaning of ‘Impute’ in Payroll
What Does Impute Mean in Payroll?
In the realm of payroll, the term ‘impute’ denotes the crucial process through which taxes are withheld subsequent to employees receiving wages or benefits. It is intricately linked with the concept of “Imputed Income.” Understanding this terminology is fundamental in navigating the intricacies of payroll management.
10 Change Management Models for Successful Organizational Change Managing organizational change is a constantly evolving field of research, and using change management models can help teams add structure to a complex process. Although organizations are constantly evolving and making changes, only 34% of change initiatives are successful. This makes one thing clear: Teams need proven…
Bridging the Divide: Understanding the Skills Gap Unveiling the Skills Gap Phenomenon The skills gap is a substantial disparity between the expected skills that employers anticipate in their workforce and the actual skills possessed by employees. This misalignment poses a formidable challenge for employers striving to fill vacant positions. The United States, in particular, finds…
Bereavement Leave and Time Off – What You Need To Know What is bereavement leave and what is its purpose? We’ll explain the procedures involved and the difference between bereavement leave and compassionate leave. You will also learn how best to respond to the personal loss of an employee. The most important facts What is…
Unlocking the Code: The Dynamics of Contingency Recruiting Exploring Contingency Recruiting:Contingency recruiting is a strategic approach wherein organizations engage a recruiting agency or contract recruiter to identify candidates for open positions. In this arrangement, the recruitment agency or contractor receives compensation solely upon the successful hiring of a candidate they have sourced. Typically, the recruiting…
Decoding Performance Reviews: A Concise Overview Unraveling the Purpose of Performance Reviews: A performance review, also known as a performance appraisal, evaluates an employee’s work formally. Managers assess strengths, weaknesses, provide feedback, and set future goals. Key Objectives of Performance Reviews: Performance reviews aim to help employees: Changing Dynamics in Performance Reviews: Many companies have…
Navigating Time Away: Unraveling the Essence of Paid Time Off (PTO) Decoding the Concept: What Is Paid Time Off (PTO)? Paid time off (PTO), also recognized as personal time off, constitutes compensated leave granted by employers to their workforce, allowing employees flexibility in its utilization. This form of time off is typically measured in hours…
