Before you Implement that new HCM System, Here’s what Experts want you to Know
Nearly five months into the pandemic, companies that had put their new HCM system purchases and implementations on ice are throwing fire under them to get things cooking. As they go through the process of selecting the systems that best align with their goals and considering the demands of the implementation process, here is what…
Key Steps to a Successful HCM System Implementation
Each HCM system implementation is different because every organization has unique needs and goals. That is why one-size-fits-all system implementation doesn’t work. The first step in a successful HCM system implementation is Goal Alignment. Goal Alignment Drives Implementation Outcomes If you don’t know where you’re going, how can you know how to prepare? A trip…
COVID Considerations for Open Enrollment
Nothing is going untouched by the pandemic in 2020, open enrollment included. Much of the impact will be unique to each organization based on their experience of navigating the past four months of COVID-19 issues. Not all industries have been challenged in the same ways, not all employee populations have suffered the same rates of…
Achieving a Smooth Open Enrollment For Your Business
“Begin with the end in mind,” suggests Wise Consultant Janice Burnett, CPP, PHR. “When is your vendor expecting to get an open enrollment file from you? What is the drop-dead date? Take that date and work back from there.” Janice estimates that 10-14 weeks before your vendor expects your file is when you should begin…
You Could be Eligible for More COVID Credits Than you Think
At Wise, we are hearing from companies who either don’t think they can claim any payroll tax relief through the FFCRA and CARES Acts, or who are wondering if they should bother trying. Our tax team understands that it’s easy to feel overwhelmed because tracking payments and credits sounds like a lot of work on…
How COVID is Changing Payroll and Year-End
How bad will 2020 year-end be for people who are not preparing now? “It’s going to be bad,” predicts Cory Makle, FPC, Client Payroll Specialist with Wise. “Because of everything that’s going on, starting now is a good idea. If you’re not looking up until later, you are going to have problems. You definitely have…
Flexible Managed Payroll – Getting Help Without Breaking the Budget
While outsourcing an entire payroll process to experts works for many companies, what about when all you need is help with reporting, mass imports, garnishments, taxes or another payroll function? Particularly this year, with the various pandemic-response Acts, changes to forms and the vastly increased need for tracking, auditing and reconciliation, many companies are in…
Our New 941 Tracker Tool – Wise Innovation that Benefits You
You may know by now that the IRS has revised Form 941 in response to the FFCRA and CARES Acts that were put into effect earlier this year. Even employers with third-party tax support will have to take a more active role in validating and ensuring the accuracy of the data in this unprecedented year…
Planning for a Different Kind of Year-End Starts Now
While Wise consultants perform Year-End work for many clients each year, it is possible that no one has ever seen a year quite like 2020 is shaping up to be. Lynn Lauricella, CPP, a Compliance Manager with Wise Consulting, has her eye on the changes that will impact Year-End. To help clients prepare, Lynn has…
A Look at the Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) was created under the Coronavirus Aid, Relief, and Economic Securities (CARES) Act to provide relief to small businesses adversely impacted by the COVID-19 coronavirus pandemic. The plan to issue forgivable loans to businesses needing to make payroll in uncertain circumstances was intended to help businesses stay afloat while still paying…
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