Recent Payroll Tax Deferral Order Offers More Uncertainty
Employees need to understand that bigger paychecks for the remainder of 2020 will result in smaller ones in 2021 when, at least for now, they will be required to pay back the deferred payroll taxes. A possible decision to forgive the deferred amounts is far from assured, leaving employers wondering what will truly be gained from opting…
Celebrating Payroll Professionals for Persevering Through the Pandemic
As we roll on from National Payroll Week, we hope you continue to celebrate the amazing payroll professionals who have bravely battled their way through over six months of complex COVID-response legislation, COVID Act claims tracking, changing IRS forms, and who knows what next? With three and a half more months and a daunting year-end…
Are you Ready for Year-End?
If year-end isn’t on your radar as September 2020 rolls in, it would be a good idea to move it up the priority list. As eager as most of us are to see 2020 depart, we must first manage a more-complex-than-usual year-end. Wise Tax Compliance Manager, Lynn Lauricella, CPP, reports that her team is preparing…
Tax Jurisdiction Registration – A Necessary Evil
With year-end approaching (hello, September!) in a year that has been riddled with irregularities, getting ducks lined up is imperative. This includes completing vital tasks such as tax jurisdiction registration. It’s not always fast or easy, but you can’t complete W-2’s without those pesky withholding account numbers. Here, the Wise tax team shares some things…
The Role of Change Management in HCM Implementation
As with any complex project, managing expectations and communicating early and often are key. Change that feels sudden or forced can confuse workers and make them resistant or even suspicious of the new system, even when it offers features that can make their jobs easier. Step one in change management is putting together a strong…
Are Your Reports, Analytics and Self-Service Features Meeting Your Needs?
Whether a company’s employees are all onsite, all working remote, or somewhere in between, the demands on HCM and payroll teams have morphed in 2020. From payroll staying compliant with pandemic legislation to HR fielding the changing needs and fears of employees, there are more tasks, complex issues to unpack, and seemingly endless moles to whack. Even…
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…
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