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Do Employees Have Rights to Their Personnel Files? 1200 628 Mackmedia-Team

Do Employees Have Rights to Their Personnel Files?

An employee’s personnel file contains important work-related information specific to him or her. This may include: Job description. Job application. Resume. Employment offer. W-4 form. Employee benefits forms. Emergency contacts. Employment contract. Performance reviews. Complaints from clients or co-workers. Attendance records. Disciplinary actions. Termination records. Employees may request to see this information for various reasons,…

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Can You Make Direct Deposit Mandatory? 1200 628 Mackmedia-Team

Can You Make Direct Deposit Mandatory?

In 2016, the National Automated Clearing House Association (NACHA) reported that 82 percent of U.S. employees are paid by direct deposit, jumping from 74 percent in 2011. Clearly, direct deposit is on the rise. But you may be surprised to learn that, according to the NACHA survey, 64 percent of direct deposit users “utilize the…

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How to Decode the ‘Group’ in Group Health Insurance 1200 628 Mackmedia-Team

How to Decode the ‘Group’ in Group Health Insurance

Group health insurance is a single health insurance policy issued to a group. Typically, this group is a business with employees. The employer purchases the policy on behalf of its employees, which is why group health insurance is also called “employer-sponsored health insurance.” Is Your Group Eligible for Coverage? Under federal law, insurers must accept…

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Headcount Reporting: Why You Must Do It 1200 628 Mackmedia-Team

Headcount Reporting: Why You Must Do It

A headcount is the total number of people employed by an organization, including full-time and part-time employees. A headcount report, created via a human resource information system (HRIS), lets you sort and categorize employees based on different variables — e.g., active or inactive, full-time or part-time, exempt versus nonexempt, age, race, salary and so on.…

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The 2018 Tax Wrap-Up 1200 628 Mackmedia-Team

The 2018 Tax Wrap-Up

The tax reform passed at the end of 2017 runs to about 70,000 words. It’s a large and complicated piece of legislation, and we can look forward to additional guidance and clarifications. For now, here are summaries of some of the key provisions: Key changes for individuals Standard deduction amount increased For 2018, the standard…

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Use Big Data to Improve Your Benefits Program 1200 628 Mackmedia-Team

Use Big Data to Improve Your Benefits Program

Big data relates to the massive amount of information that businesses come across every day. In the past, employers were hard-pressed to keep up with and properly analyze copious amounts of data. Now, with the advancement of technology, data can be collected and processed at a much higher velocity. After the data has been gathered…

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Fully Insured Versus Self-Funded Health Plans 1200 628 Mackmedia-Team

Fully Insured Versus Self-Funded Health Plans

There’s more than one way to fund health insurance. Below are two of the key options. Fully insured A fully insured health plan is purchased through an insurance carrier. Typically, the process is as follows: The employer negotiates the best rates possible with the insurance carrier. The employer agrees to pay a monthly premium to…

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4 Steps for Conducting an Internal I-9 Audit 1200 628 Mackmedia-Team

4 Steps for Conducting an Internal I-9 Audit

The Immigration Reform and Control Act of 1986 (IRCA) forbids U.S. employers from knowingly employing people who are not authorized to work in the United States. The IRCA also prohibits employers from employing individuals without using Form I-9, Employment Eligibility Verification, to verify their identity and legal authorization to work. To ensure employers are complying…

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Employee Loans and Their Tax Consequences 1200 628 Mackmedia-Team

Employee Loans and Their Tax Consequences

A salary, or wage, advance is a type of short-term loan from an employer to an employee. The employee receiving the advance must pay back the money within a specified time frame, as dictated by the company’s salary advance policy. Under federal law, employers can make payroll deductions to recover salary advances even if the…

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Different Kinds of Bonuses — And Their Effect on Overtime 1200 628 Mackmedia-Team

Different Kinds of Bonuses — And Their Effect on Overtime

Bonuses are a form of variable pay that are used to inspire employee loyalty or reward performance, and it’s essential to know about the different kinds. Discretionary bonuses A bonus is discretionary if it’s given solely at the employer’s discretion and does not cause an expectation of payment from the employee. The bonus should not…

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