Deciphering Pay Groups
What is a Pay Group?
A Pay Group denotes a cluster of employees organized for streamlined payroll processing. This grouping facilitates efficient payroll management and ensures accurate and timely compensation. For further insights, explore our related term, “Pay Calculation,” which delves into the intricacies of determining gross to net income.
What Do Employment Background Checks Include? In this article, we’ll explain the pros and cons of background checks, their role in a successful hiring process, best practices, what exactly they should include, and what you as a hiring manager need to know to conduct them properly. The most important facts What is a background check?…
How do you do a good reference check?In today’s workplaces, a reference check can go one of two ways: either confirm that the applicant has all the fantastic skills and experience they say they have, or uncover something disappointing. To debunk lies and exaggerations and find honest, qualified applicants, you must incorporate reference checking into…
The Definitive Guide to Annual Leave A good work-life balance is the key to a happy and healthy workforce. And as an employer, you have certain obligations in relation to the annual leave you must provide to your employees, whether they are full-time, part-time or casual. In this post we will discuss what annual leave…
Demystifying Nonresident Aliens: A Comprehensive Overview Understanding Nonresident Aliens According to the IRS, a nonresident alien is an individual who is not a U.S. citizen or national and has not passed either the green card test or the substantial presence test. Commonly, individuals arriving on J-1 or F-1 visas fall into the category of nonresident…
Demystifying Company Earnings: A Deep Dive into Financial Metrics Understanding Company Earnings: The Bottom Line Company earnings, also referred to as net income or profit, signify the revenue remaining after deducting specific expenses. Typically measured by the quarter or fiscal year, earnings play a crucial role in gauging a business’s financial health. Utilizing Earnings in…
Mastering Payroll Accuracy: The Prior Period Adjustment (PPA) Guide Unveiling Prior Period Adjustment (PPA): A Prior Period Adjustment (PPA) is a rectification to reported time, pay, or employee classification in a previous payroll cycle. Unforeseen errors, often discovered post-timesheet submissions, necessitate the execution of a PPA by both employers and employees. The Why Behind Prior…
