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Headcount Reporting: Why You Must Do It 1200 628 Tricore

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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GAC Employees Pitch in for Flood Relief 864 452 Tricore

GAC Employees Pitch in for Flood Relief

Happy hands are helping hands. This past October heavy rains caused severe flooding on the islands of Trinidad and Tobago. Immediately after the flood in Trinidad, employees of GAC Shipping (a TriCore client) began collecting and distributing supplies for affected families. Click here to see dramatic photos of the flooding and relief efforts. This may…

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Presidium Property Management Among 10 Best Places to Work 864 452 Tricore

Presidium Property Management Among 10 Best Places to Work

WOOHOO! Our client, Presidium Property Management, was just ranked 6th among property management companies nationwide at the MultiFamily Leadership Summit in Scottsdale, AZ! This was no accident, folks. Presidium’s COO, Lindsay Colbert, has been working very hard to create the kind of work environment that attracts the best talent and keeps the company’s associates engaged…

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The 2018 Tax Wrap-Up 1200 628 Tricore

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 Tricore

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 Tricore

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 Tricore

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 Tricore

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 Tricore

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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Learn the Value of Employee Self-Service 1200 628 Tricore

Learn the Value of Employee Self-Service

Employee self-service is a web-based tool that allows employees to retrieve information and perform specific transactions from a central portal. In many organizations, this portal is used to deliver HR, payroll and benefits information. Over the years, ESS has blossomed into a global phenomenon, and is currently leveraged by large, midsized and small employers. Where…

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