6 HR Practices You Need To Update
Did you know? 41% of workers would take a salary cut if they were allowed to work remotely part-time.
The way that employees perceive work and the way that employers hire workers has changed drastically. With the COVID-19 pandemic comes several new trends plus far too many state or federal changes that any form, blog post, or template on the internet could keep up with. A one size fits all payroll, application, or policy does not work. COVID-19 has forced companies to take a closer look at how they operate instead of sticking to the status quo. It has been two years since the pandemic started which renders many documents and policies that once worked out of date. This makes it even more challenging but important for companies to pay careful attention to what they are doing and the decisions they choose to make when it comes to their employees, hiring, benefits, payroll, etc.
During this webinar with presenter Jacqueline Breslin, Director of HR and Compliance Services at TriNet, Jacqueline provides HR guidance to SMBs with a focus on compliance and employee relations. View the video above for in-depth explanations on each truth.
#1: Multi-State Payroll
Employers may need to withhold income tax from an employee for multiple states and pay attention to new hire reporting requirements in each state.
#2: Multi-State Workers Compensation: Along with injury in the workforce, employers must also take into consideration how an employee who contracts COVID-19 will impact their workforce.
#3 Multi-State HR Policies: State, federal, and local regulations are frequently continuing to change making it essential to be actively monitoring compliance. State and local jurisdictions can have different requirements when ending an employment relationship and some states, such as New York, require that every job description posting include salary information.
#4 Multi-State Benefits: With more employees moving across states, employers need to be ready to operate in multiple locations or states, including ensuring that benefits like medical plans carry over and activate in a timely manner.
#5 New Hire Onboarding Is Complicated: State and local requirements and remote workers add an additional element of complexity when it comes to onboarding. Employers are required to give notice to new hires about wage theft prevention, provide correct and up-to-date state forms, training for anti-discrimination, and more.
#6 Competitive Salaries: Companies need to pay attention to how the compensation landscape and trends are changing for their employees. Employees are asking for more transparency around salary and pay which is why benchmarking is crucial.
About TriNet
TriNet provides a unique HR solution that helps protect your valuation with practical HR advice, allows you to grow faster by leveling the playing field for talent, and helps you extend your runway by optimizing your burn rate. Armed with better talent, streamlined HR processes and more predictable employee expenses, TriNet’s Start-up clients can concentrate on R&D to innovate and solve the largest problems in the world.