ASAP Payroll BLOG
Earned Wage Access vs. Payday Loans
As more and more American workers live paycheck to paycheck without emergency savings, employers and third-party organizations aim to bridge the gap with solutions like payday loans and Earned Wage Access. Payday loans are funds loaned to an employee until payday, at which point they must repay the loan plus interest. Earned Wage Access is ...
Read More →
What are the Kentucky Minimum Wage & Overtime Salary Requirements?
Any business with at least one employee has an obligation to understand and apply wage and overtime laws as they apply to both employers and employees. In Kentucky, business owners, managers, HR professionals, and payroll professionals must know and apply both state and federal wage and overtime laws, taking the most stringent path when there ...
Read More →
Recruit and Retain Employees with Early Wage Access Benefits
Competition for the most talented employees is fierce in today’s job market. As organizations compete for highly skilled and engaged workers, offering innovative benefits has become more important. One innovative benefit that has gained significant traction in recruitment and retention in recent years is earned wage access, or EWA, which gives employees early, on-demand access ...
Read More →
ZayZoon – What is an Early Wage Access Benefit?
When an employee faces unexpected expenses and financial strain, it affects their personal and professional lives, wreaking havoc on the employee, their family, and in many cases, even their employer. This concern has become more prevalent since the pandemic; today, 50% of hourly employees report that they have no money put away for emergencies, and ...
Read More →
Illinois Standard Minimum Wage and Tipped Wage Rates
How up-to-date are you on the minimum wage laws in Illinois? As an employer in the state, you are responsible for staying compliant with the minimum wage and tipped wage rate laws. For example, if you’re still using Illinois 2021 minimum wage rates of $11 per hour, you’d be underpaying your employees by $2 an ...
Read More →
Understanding Illinois Taxes for New Employees
If you’re hiring new employees, you want to make sure you’re handling their Illinois taxes correctly. That includes understanding tax requirements and complying with those requirements every time, for every employee. HR professionals and employers must make sure they’re creating a payroll system that’s fair and compliant, so everything operates the way it should. Here’s ...
Read More →
Human Capital Management: Everything You Need To Know and A Little Bit More
You’ve probably heard time and time again that your human teams are the greatest asset a business
How Important is Pay Frequency to Your Business/Employees?
Pay frequency means how often you, the employer, issue a “paycheck” to your employees.
Understanding Employee Attrition Rate and Its Importance for Your Business
An employee attrition rate is simply the percentage of workers who leave a company during
Industries That Can Claim the Work Opportunity Tax Credit (WOTC)
The Department of Labor (DOL) is encouraging employers to take advantage of the Work Opportunity
8 Top Payroll Processing Tips For Small Businesses
Managing your payroll takes diligence, attention to detail, and persistence. With multiple processes, employee expectations,
