Planet Professional’s Post

📢 Big Changes Coming to Salary Exemption Rules! 🚀 The White House, in collaboration with the Department of Labor, has approved a significant update to the minimum salary threshold for exemption under the Fair Labor Standards Act. 📊 The new proposal raises the threshold from $35,568 to $55,068 per year. What does this mean for your business? Let's dive in: Salary Exemption Breakdown: Under the Fair Labor Standards Act, employees working over 40 hours a week are typically entitled to overtime pay. However, there are exemptions to this rule, primarily based on salary. Current vs. New Proposal: - Current Requirement: Employees must earn at least $684 per week ($35,568 annually) to be exempt. - Proposed Increase: The threshold will rise to approximately $1,059 per week ($55,068 annually). Implications for HR and Business Leaders: This adjustment means reevaluating your payroll strategies and possibly reclassifying some of your employees. It's crucial to stay compliant and strategically adapt to these changes without disrupting your operational workflow. How can BLKDigitalTech assist? At BLKDigitalTech, we specialize in aligning human resource practices with current regulations. Whether it's through strategic consulting, comprehensive HR audits, or implementing innovative HRIS systems, we're here to ensure that your business not only meets these new requirements but also thrives amidst these changes. Stay ahead of the curve by partnering with a veteran-owned, expert HR firm that understands the nuances of federal employment laws. Let’s optimize your human resource processes together! 💼🌟 #HumanResources #BusinessLeadership #FLSA #MinimumWage #HRConsulting #BLKDigitalTech

Why you, a payroll professional, should choose TriHD, the little sister of a finance company, as your next destination! Born from the unique perspective of TriFinances human development experts, we offer the perfect environment for you to grow and Excel (pun intended)! 🔹 𝐖𝐡𝐲 𝐓𝐫𝐢𝐇𝐃? TriHD is backed by TriFinance's 22 years of unparalleled expertise in the finance industry. Since at TriFinance we have been putting employees and their growth first for 22 years, our foundation is solid. And we leverage this expertise to fast-track your growth in payroll. 📈 🔹 𝐖𝐡𝐚𝐭 𝐒𝐞𝐭𝐬 𝐔𝐬 𝐀𝐩𝐚𝐫𝐭? ❌ NO HR: we don't see humans as resources. ✅Human Development: At TriHD, we're all about people. We invest in our employees' growth, ensuring you have the support and resources needed to thrive in your career. ✅Innovative Approach: We combine finance insights and the latest technology and best practices to streamline payroll processes, making your job not only easier but also more impactful. 👉Ready to make a move? Let's talk about how TriHD can be the stepping stone to your success in payroll. 🌟 👉Not ready to make a move, but ready to browse? Take a look at our Payroll opportunities: https://lnkd.in/ezWfRGyP #Payroll #FinanceExperts #HumanDevelopment

🌟 𝗧𝗼𝗱𝗮𝘆 𝗮 𝗖𝗹𝗶𝗲𝗻𝘁 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: 𝗔𝘂𝘀𝘁𝗶𝗻 𝗛𝗶𝗹𝘁𝗼𝗻-𝗕𝗮𝗹𝗹 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗼𝗳 𝗬𝗼𝘂𝗿 𝗣𝗮𝘆𝗿𝗼𝗹𝗹 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 🌟 Meet Austin Hilton-Ball ACIPP Hilton-Ball, the visionary behind Your Payroll Manager. Based in beautiful Gloucestershire, Your Payroll Manager is dedicated to providing exceptional, personalized payroll services. For the past 4 years, Austin and his dedicated team of 4 have been transforming payroll services for accountants with a truly personal touch, making their clients feel like they're an integral part of their business. 🔹 So what is their Unique Selling Proposition (USP) ? "We offer payroll for accountants with a truly personal approach, ensuring they feel like we’re an extension of their business." 🔹 Here are their amazing Core Values and Principles: ✨ 𝗖𝗿𝗲𝗮𝘁𝗲 ‘W𝗢𝗪’ 𝗺𝗼𝗺𝗲𝗻𝘁𝘀: We strive to exceed expectations in every interaction. ✨ 𝗦𝗵𝗮𝗿𝗲 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲: We believe in empowering our clients with the information they need. ✨ 𝗟𝗶𝘃𝗲 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗖𝘂𝗿𝗶𝗼𝘂𝘀𝗹𝘆: We are genuinely interested in understanding our clients' needs. ✨ 𝗕𝗲 𝗗𝗲𝗽𝗲𝗻𝗱𝗮𝗯𝗹𝗲: Reliability is at the heart of what we do. ✨ 𝗢𝘂𝗿 𝗧𝗲𝗮𝗺 𝗔𝗿𝗲 𝗢𝘂𝗿 𝗙𝗮𝗺𝗶𝗹𝘆: We foster a supportive and inclusive work environment. ✨ 𝗞𝗲𝗲𝗽 𝗶𝘁 𝗛𝘂𝗺𝗮𝗻: We prioritize personal connections and human touch in our services. And here’s a fun fact: When Austin isn’t busy creating ‘WOW’ moments for his clients, you can find him enjoying some delicious cookies or brownies to keep him sweet. If you're an accountant who's aligned with these values you might want to check out their website in the comments below 👇 👉 Follow @YourPayrollManager to stay updated on their inspiring work and services. #ClientSpotlight #YourPayrollManager #PayrollServices #BusinessExcellence #TeamValues #Gloucestershire #PersonalizedService

You cannot manage what you do not measure. Maintaining accurate and up to date Job Descriptions will enable you to measure and manage your employees to ensure that every task is dutifully covered and promoting growth for your agency. Don't just let your employees have a job that takes time and burns payroll. Make sure that every task they do is growing the agency. To learn how to do this, click the link below: https://lnkd.in/dpyrCi_j

You cannot manage what you do not measure. Maintaining accurate and up to date Job Descriptions will enable you to measure and manage your employees to ensure that every task is dutifully covered and promoting growth for your agency. Don't just let your employees have a job that takes time and burns payroll. Make sure that every task they do is growing the agency. To learn how to do this, click the link below: https://lnkd.in/gBcJ4K8q

"She Was About to Make a Huge Mistake" - my client told me My client recently shared a story about Sarah (not her real name), one of their best employees, especially when it comes to handling payroll. Sarah was always reliable, making sure everything was done right and on time. But lately, things changed. She started missing commission payments and seemed less focused. When asked what was wrong, she said she felt bored with her job, which was causing her to lose focus. Then one month, Sarah made a big mistake: she accidentally doubled everyone's salary and sent the report to my client for approval before rushing out. Luckily, my client decided to check the report carefully and caught the mistake in time. Usually, he would have approved it without a second look, but because of Sarah's recent performance, he was more cautious. Since then he entrusted us. This story shows that even the best employees can get burned out or distracted, which can affect their work. He told me this may happens to anyone and unfortunately it is the payroll. In my business, delivering consistent and accurate payroll services is crucial, so I make sure to focus on my team's well-being and mental state. I regularly chat with them, reminding them how impactful their work is on so many lives. Every payroll we process means our clients' employees and their families can rely on getting their salaries on time. I also believe in nurturing my team's morale by taking them out for meals and cheering them on. It’s all about creating a sustainable and supportive work environment. What about you? How do you keep your team motivated, and do you have any tips for your industry? #payrolloutsourcingservices #employeewelfare #entrpreneur #businessowners

What qualities does a successful connector have? 💥Someone who acts and get results with ease because they have a level of credibility and trust in and around their network and they work hard to maintain that credibility and will not do anything to fundamentally damage that credibility. 💥 Someone who is relationship-focused in their approach to life, to people, and to business – and by utilising these principles find ways to introduce like-minded people to each other. 💥Someone who helps opens the door to opportunity to parties who need each other – and is very skilled at finding these parties to connect. Consider this: When was the last time you achieved something and did it 100% independently? How did you get your last job, client, referral, or recommendation? It’s likely that most of the wins that have materialised result from a chance meeting with someone else... being in the right place at the right time! I am in the process of building my payroll community – this is one of the ventures I am involved in. I am looking for experts in the field – payroll systems & payroll compliance experts. If you would like to join my community which will be a culture of empowering and helping others succeed please follow the link to join Payroll Whizzards in the comments. Whatever you are doing today – make it great! #MargaretLilburne #PayrollWhizzards #PayrollCommunity

My friend Katy came to me in frustration. Things in her firm felt chaotic. Her staff was constantly putting out fires and running from one problem to the next. Her exact quote was: "My clients are running our payroll department." Does your firm feel like this? If so, I bet you haven't invested in standardizing your service offering. See, you think you're doing your clients a favor by bending over backward for them. But the problem is that when you let clients set the rules of engagement, it's a recipe for disaster. First of all, they don't know the best way to accomplish the outcome. You're the expert. You should be making the rules. Also - by letting each client customize their process, you're creating mental drag for your employees, who have to remember each client's specific needs. My friend Katy wanted to grow and scale and get more efficient. But she couldn't do that without a consistent service model. My top piece of advice to her? Standardize your offering. Set the rules of engagement and how you work with clients. Corral all the nuanced processes and make them consistent. She got to work with her staff and did just that. Now she has a service offering she's excited to grow.

Does anyone ever get through their to do list? Like most business owners, I always have a long list of "sh*t that needs to get done!" 🚀 That list changes every day, things get removed, things get added and things get moved up the list as a deadline approaches. I time block my day to work on the tasks in the list and I only work on the list during those time blocks (can't have it creeping into my other daily routines). I also have a long list of non-work related "sh*t that needs to get done!" - yes I love my lists 💁♀️ I used to stress that my lists never seemed to get any smaller, but now I know that's a good thing and it doesn't overwhelm me. How do you manage your to-do list? Would love to read some tips 👇 - - - - - - - - - - 👋 Hi, I’m Nicola. 👑 Payroll Queen at The Payroll Team. 📈 The place where payroll reigns supreme.

💻 NAVIGATING THE PAYROLL LABYRINTH OF COMPLIANCE 💻 Whether you're early into your career, a seasoned expert, or gearing up for interviews, our webinar event is the perfect opportunity to stay ahead of the curve with the latest payroll legislation updates as we are joined by Samantha O'Sullivan from The Chartered Institute of Payroll Professionals (CIPP). 📢 Have the latest information in your arsenal and join us for an insightful session on the most recent and incoming changes for best practice in payroll management. 🗓️ Save the Date and don't miss out on this chance to enhance your skills and knowledge. 🔗Register for your spot by getting in touch!