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One for All: Tomorrow’s HR Tech Empowers Everyone

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The future of HR technology lies in software that is an intrinsic part of your culture, workforce processes and employee training and development. Its permeation throughout your organization will help distribute the administrative responsibilities that often burden HR departments, as well as align the goals of your people with the organization. This foundation will reduce compliance risk, deliver more comprehensive analytics and foster a strategic environment where HR is a proactive business partner.

One Software Solution

When analyzing the best HR technology to grow with your business, look for a hire-to-retire solution with the full functionality to handle all your employment processes. When all your employee information is stored in one system of record, it eliminates the need to enter and maintain the same data in multiple systems, thereby reducing errors and saving time. Prioritize finding one software solution that includes recruiting and hiring, onboarding, payroll, time tracking, scheduling, benefits, document management, compliance, performance management, training and surveys. These tools — along with secure, cloud-based access levels for payroll and HR, executive leadership, managers and employees —  are the first steps in building your best workforce technology solution.

Access for Everyone

This can be a scary concept. However, if HR insists on being the sole administrator for all things employee-related, there will never be enough hours in the day for them to be strategic. By empowering employees and managers with the ability to self-manage certain transactions, it frees HR from the mundane, time-consuming tasks that are not driving value.  A system with custom access levels lets HR retain control over what their people can see and change while greatly reducing their clerical responsibilities.

Load-Lifting Managers

With HR tools to manage their teams, your supervisors can be more effective with automated processes and reports for hiring, training, scheduling and performance management. They can approve timecards, expenses and time-off requests, as well as initiate automated Personnel Action Forms (PAFs) for employee changes such as promotions. Because these processes are automated within one software application they improve companywide consistency and data accuracy.

Employee Expectations

Employees aren’t going to expect access to their information in the future; they expect it now. They want to be able to see their pay vouchers and W-2s on their phone, show their spouses their benefits options online, request schedule changes, view their vacation time and request time off. Enabling employees to update their contact information and beneficiaries, upload expenses, track performance and development goals, and access company forms and documents from one website is key. All their employer-related information should be accessible via one Employee Self-Service login, including training. They long ago learned to turn to the Internet for research and even video instruction, which makes an on-demand learning management system a must-have in your search for future HR software.

Re-Imagining Data Management

With HR technology that invites automation and manager and employee usage, more and more of the information HR departments are typically required to enter, maintain and report on in their software will be input and reported on by their workforce. For example:

  • new hire information populated from online applications and electronic I-9s and W-4s
  • merit increases driven by performance-management tools that automatically update payroll, once approved by HR
  • implementation of HR-approved employee changes entered by managers through online PAFs
  • online benefits enrollment by employees that automatically updates payroll with new deduction amounts and notifies carriers electronically, once approved by HR
  • employee-updated contact and dependent information
  • dashboards and push reporting for on-demand analytics and automatically scheduled reports for executives and managers

Transformative Technology

Your HR technology should be working for your entire organization — engaging employees, providing insight to managers and executives, and empowering HR with automated processes and a single system of record for employees. One database of employee information is crucial for employment law compliance and managing the demands such as those required by the Affordable Care Act (ACA).

But in addition to helping with the day-to-day responsibilities of an HR professional, your HR software should shine in helping you be more strategic. Comprehensive reporting is critical. The ability to survey employees and analyze trends in satisfaction, voluntary terminations, training relevance, etc., is a must for monitoring engagement. Creating successful employee profiles to help identify and target the best candidates for future hires is essential for strategic talent acquisition. And performance-management tools that help align the goals of the organization and workforce — and track and reward success — are the keys to truly transformative technology that will define your future.



Author Bio: Newman Wells is a writer, designer and entrepreneur with over 20 years of corporate marketing experience. Passionate about B2B marketing, Newman Wells specializes in helping businesses define their value propositions by simplifying technical jargon for easier-to-digest messages that drive sales. She has spent the last two decades building successful marketing departments from the ground up and has been Paycom's director of marketing since 2005.

IRS Continues to Enforce Affordable Care Act

IRS Continues to Enforce Affordable Care Act

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The IRS recently released an information letter indicating that the IRS continues to enforce the Affordable Care Act (ACA).

Dated June 30, Letter 2017-0010 was sent to a member of Congress who reached out to the IRS at the request of a constituent, a tax-exempt entity concerned it may owe an employer shared responsibility payment (ESRP) because it did not comply with the ACA rules on offering health insurance to its employees, for both financial and religious reasons.

The letter first provides a brief summary of the circumstances that might lead to a large employer owing an ESRP, and notes that there is no provision in the ACA that provides for the waiver of an ESRP.

The letter then addresses the effect of the president’s Jan. 20 executive order on the enforcement of the ACA. Titled “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal,” the order directed federal agencies to exercise discretion permitted to them by law to reduce potential burdens imposed by the ACA.

However, it did not change the health care law. The legislative provisions of the ACA are still in force until changed by Congress; therefore, taxpayers remain required to follow the law and pay what they may owe.

For more information on the executive order and the current tax filing season, visit https://www.irs.gov/tax-professionals/aca-information-center-for-tax-professionals.

What This Means for Employers

Since Congress has not yet passed a bill that would repeal the ACA, and Republicans have struggled to draft a bill that would receive majority support, employers should use caution and plan to comply with the law’s requirements unless and until the ACA is repealed and any new law’s provisions actually go into effect. Continued compliance may be required for a transition period, following passage of an ACA repeal bill, depending on the language of that legislation.

 

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Posted in ACA, Blog, Featured

Erin Maxwell

by Erin Maxwell


Author Bio: As a compliance attorney for Paycom, Erin Maxwell monitors legal and regulatory changes at the state and federal level, focusing on health and employee benefits laws, to ensure the Paycom system is updated accordingly. She previously served as assistant general counsel at Asset Servicing Group in Oklahoma City. She holds a bachelor’s degree from the University of Central Oklahoma and a J.D. from the University of Oklahoma. Outside of work, Maxwell enjoys politics, historical mysteries and spending time with her family.

Missouri minimum wage

Missouri Minimum Wage to Decrease from $10 to $7.70

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An overwhelming trend in the U.S. is cities and states increasing the minimum wage employers must pay their employees. However, St. Louis, Missouri is bucking this trend – although not willingly – by decreasing its minimum wage from $10 to $7.70, effective Aug. 28.

Court Battle

In 2015, St. Louis passed an ordinance raising its minimum wage to $10, with an automatic increase to $11 scheduled for January 2018. This prompted the Missouri legislature to pass legislation to pre-empt the ordinance from taking effect. The legislation was quickly enjoined in a lawsuit that went all the way to the Missouri Supreme Court.

In May of this year, St. Louis prevailed in the lawsuit and the minimum wage increased to $10. However, three months after the $10 minimum wage was implemented, the Missouri legislature passed another law disallowing any city in the state from having a higher minimum wage than the state, which is currently $7.70, this forcing St. Louis to reverse.

States vs. Cities

State governments dictating cities’ minimum wages is not altogether uncommon. In 2016, Alabama’s legislature shut down the Birmingham City Council’s efforts to raise its minimum wage. Similar efforts were undertaken by Ohio to block the City of Cleveland.

Other states have preemptively prohibited localities from passing minimum-wage ordinances – even before cities have commenced such efforts. Some of these states include:

  • Colorado
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Michigan
  • North Carolina
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Wisconsin

 

Although the St. Louis minimum wage decrease runs counter to the national trend, state legislatures prohibiting local increases is not uncommon. As more cities begin to adopt higher minimum wages, expect some state legislatures to push back.

Disclaimer: This blog includes general information about legal issues and developments in the law. Such materials are for informational purposes only and may not reflect the most current legal developments. These informational materials are not intended, and must not be taken, as legal advice on any particular set of facts or circumstances. You need to contact a lawyer licensed in your jurisdiction for advice on specific legal problems.

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Posted in Blog, Featured, Payroll

Jason Hines

by Jason Hines


Author Bio: Jason Hines is a Paycom compliance attorney. With more than five years’ experience in the legal field, he monitors developments in human resource laws, rules and regulations to ensure any changes are promptly updated in Paycom’s system for our clients. Previously, he was an attorney at the Oklahoma City law firm Elias, Books, Brown & Nelson. Hines earned a bachelor’s degree from the University of Central Oklahoma and his juris doctor degree from the Oklahoma City University School of Law, where he graduated cum laude. A fan of the Oklahoma City Thunder, Hines also enjoys exploring the great outdoors with his wife and daughter.

WOTC Tax Credits

What Tax Credits Are You Leaving on the Table?

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Federal tax credits for businesses are far from easy if you aren’t familiar with the program, and business leaders may find themselves in unfamiliar territory when it comes to their company’s eligibility for tax credits. As a leading provider of comprehensive human capital management software, we have found that the Work Opportunity Tax Credit (WOTC) is one Federal tax credit many leaders underutilize, meaning that they are leaving money on the table when it comes time to do their taxes.

In fact, one Paycom client in the fast-food industry found $447,000 in government-appropriated funds available once they took full advantage of the tax credits available to them. Read more about this client’s experience in our recent case study.

Is your organization is leaving money on the table?

The Purpose of WOTC

WOTC was designed to encourage employers to hire people from segments of the general population who have “consistently faced barriers to employment.”

On average, one in eight new hires potentially qualifies for the WOTC, and that number increases when it comes to the fast-food industry, in which one in four new hires is potentially eligible for the credit.

What WOTC Means for Your Company

Depending on which target group your new hire represents, the number of hours they work and the wages they earn determine the amount of the credit, you can receive up to $9,600 for each eligible new hire.

Like the client in our case study, you may find, that many of the people in your hiring pool are already eligible for the tax credit. They received an average of $1,128 per certified employee.

Who You Can Hire

Qualifying new hires can be full- or part-time workers. They must belong to specific “target groups” designated by the U.S. Department of Labor. These target groups are populations of people who are able and willing to work, but have found barriers to employment for a variety of reasons. Target groups include:

  • veterans
  • Temporary Assistance for Needy Families recipients
  • SNAP recipients
  • designated community residents (living in empowerment zones or rural renewal counties)
  • summer youth employees living in designated communities
  • long-term unemployed

 

 How You Can Receive These Tax Credits

To receive these tax credits, 8850 and 9061 forms must be completed on or before the job offer and sent to your state employment agency within 28 days of the employee’s first day of work. The client in our case study was able to save 75 hours (nearly two weeks of work!) by working with Paycom to process their available tax credits.

If you’re intimidated by or unaware of Work Opportunity Tax Credits, you’re not alone. But you might be missing out by leaving money on the table. Paycom clients using its tax credits service pay nothing for the search if they are found to have eligible employees. Want to learn more about WOTC? Sign up for our August 3 webinar “What’s New With WOTC” to learn the most up-to-date information on WOTC and ask questions specific to your business.

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Posted in Blog, Compliance, Featured, Franchises, Hospitality, Restaurant

Rich Stupansky

by Rich Stupansky


Author Bio: Rich came to Paycom in January of 2010 from Cleveland Ohio and is the Director of Tax Credits at Paycom. Rich was instrumental in developing and creating our tax credits program. Rich has more than 12 years’ experience with federal tax credits and an extensive background in working with companies of all sizes to maximize their full tax credit potential.

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