Understanding and Managing the True Cost of Your Employee
Name:
Understanding and Managing the True Cost of Your Employee
Date:
October 17, 2013
Event Description:
UNDERSTANDING AND MANAGING THE TRUE COST OF YOUR EMPLOYEE Presented By Doug Kendall, Heartland Ovation Payroll Services Understanding and accurately calculating the true cost of your employees is a critical component to labor intensive businesses. Doug will walk through all the components of employee cost as well as the labor laws and regulations behind them. Learn more about Social Security and Medicare taxes, State and Federal Unemployment Insurance, Health and Benefits calculations, and workers compensation insurance. The seminar will also discuss the pros and cons of the unemployment system, its uses and abuses, overtime and hours worked calculations, and hourly employee pay frequency. Rough Outline: Payroll Taxes FICA How is it calculated Can it be managed? FUTA What is it and how is it calculated FUTA Credit Reduction State Unemployment Insurance How is it calculated What can be done about the annual rate To layoff or not to layoff? Workers compensation insurance What is it really? How is it calculated Payment options – accuracy, budgeting, convenience Hours Worked What does the law say Importance of good recordkeeping Employee Benefits Health/Dental and Obamacare What about retirement?
