Industry News - Tricore

10 Steps Toward a Regular Employee Review System https://tricorehcm.com/wp-content/uploads/2020/01/fb-Employee-Review.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2020/01/fb-Employee-Review.jpg February 11, 2020 February 11, 2020

February 11, 2020

10 Steps Toward a Regular Employee Review System

It seems no one likes employee reviews. Managers are nervous about giving them, and employees are nervous about receiving them. But it doesn’t have to be that way.

SSN No-Match Letters: What to Do If You Receive One https://tricorehcm.com/wp-content/uploads/2020/01/fb-SSN-No-match-letter-1.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2020/01/fb-SSN-No-match-letter-1.jpg February 10, 2020 February 10, 2020

February 10, 2020

SSN No-Match Letters: What to Do If You Receive One

A no-match letter is basically a warning to the employer to check — and if necessary, correct — the employee’s information. It’s vital that employees’ Social Security records are correct, because the data is used to determine Social Security eligibility and the amount that should be paid. If you receive a no-match letter, proceed with caution.

Put Compensation Front and Center https://tricorehcm.com/wp-content/uploads/2020/01/fb-COMPENSATION-PHILOSOPHY.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2020/01/fb-COMPENSATION-PHILOSOPHY.jpg February 6, 2020 February 6, 2020

February 6, 2020

Put Compensation Front and Center

In theory, a compensation philosophy is a formal written statement that reveals the company’s stance on employee pay and rewards. Compensation philosophies vary from company to company.

Offering Cash in Lieu of Benefits: Is It Legal? https://tricorehcm.com/wp-content/uploads/2020/01/fb-Cash-in-Lieu.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2020/01/fb-Cash-in-Lieu.jpg January 29, 2020 January 29, 2020

January 29, 2020

Offering Cash in Lieu of Benefits: Is It Legal?

Although it is legal to offer cash in lieu of benefits, employers must adhere to specific laws to ensure compliance. This includes Section 125 of the Internal Revenue Code, the Affordable Care Act and the Fair Labor Standards Act.

Piecework Pay: Frequently Asked Questions https://tricorehcm.com/wp-content/uploads/2019/12/Piecework-Pay.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/12/Piecework-Pay.jpg January 28, 2020 January 28, 2020

January 28, 2020

Piecework Pay: Frequently Asked Questions

Under federal and state laws, employers must pay employees no less than the federal or state minimum wage — whichever is higher. Another option is to pay by the piece, also called the piecework pay system.

When Employees Cross State Lines https://tricorehcm.com/wp-content/uploads/2019/12/Cross-border-employees.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/12/Cross-border-employees.jpg January 24, 2020 January 24, 2020

January 24, 2020

When Employees Cross State Lines

Do you have employees who live in one state and work in another? Here is what you need to know about classifying wages and avoiding penalties.

What Is a Total Compensation Statement? https://tricorehcm.com/wp-content/uploads/2019/12/Total-Comp-Statement-1.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/12/Total-Comp-Statement-1.jpg January 21, 2020 January 21, 2020

January 21, 2020

What Is a Total Compensation Statement?

Most employees’ total compensation includes more than their base pay — and paystubs do not show the full picture. To promote transparency and engagement, some employers provide employees with total compensation statements.

Also called a total rewards statement, a total compensation statement is an annual document that reflects the total amount the employee receives for service to the company. It tells the whole story about the pay package by including both direct and indirect compensation.

New Final Rule Expands Health Reimbursement Arrangements https://tricorehcm.com/wp-content/uploads/2019/12/HRA.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/12/HRA.jpg January 20, 2020 January 20, 2020

January 20, 2020

New Final Rule Expands Health Reimbursement Arrangements

The U.S. departments of HHS, Labor and Treasury have issued a final rule that enables employers to fund a new type of HRA: the individual coverage HRA.

How to Decode Box 1 of Form W-2 https://tricorehcm.com/wp-content/uploads/2019/11/Box-1-Form-W2.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/11/Box-1-Form-W2.jpg January 10, 2020 January 10, 2020

January 10, 2020

How to Decode Box 1 of Form W-2

Box 1 of Form W-2 shows the employee’s total compensation that is subject to taxation for the year. This tends to be the number most taxpayers care about the most.

5 Mandatory Registrations for Employers https://tricorehcm.com/wp-content/uploads/2019/11/requirements-for-company-registration-1.jpg 1200 628 Tricore Tricore https://tricorehcm.com/wp-content/uploads/2019/11/requirements-for-company-registration-1.jpg December 30, 2019 December 30, 2019

December 30, 2019

5 Mandatory Registrations for Employers

We have compiled a list of 5 mandatory registrations for employers, which are mandatory requirements (for most businesses) and should not be overlooked.

10 Steps Toward a Regular Employee Review System

SSN No-Match Letters: What to Do If You Receive One

Put Compensation Front and Center

Offering Cash in Lieu of Benefits: Is It Legal?

Piecework Pay: Frequently Asked Questions

When Employees Cross State Lines

What Is a Total Compensation Statement?

New Final Rule Expands Health Reimbursement Arrangements

How to Decode Box 1 of Form W-2

5 Mandatory Registrations for Employers

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