Federal and state laws regulate payroll recordkeeping, but no federal law specifies how often or in what form employers must pay wages to employees. Nearly every state has specific requirements on the timing of paydays and payment upon termination of employment.
Keep Up Your Guard against Payroll Fraud
When it comes to payroll fraud, small companies tend to pay a much higher price than big ones, usually because they lack accounting controls. Here are some tips for protecting your payroll.
Keep Employees Informed With Total Compensation Statements
In the early days, only very large organizations could afford to give their employees total compensation statements. But technological advances have made it possible for almost any employer to use this communication tool, personalized for each employee.
Military Seeks Tighter Restrictions on Payday Loans
The Department of Defense has asked Congress to approve a cap on the interest rate that payday loan companies and other lenders can charge service members and their families.
