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Initiatives like these show workers that they are valued. Taking time to help workers better understand payment arrangements and their rights supports their wellbeing and improves productivity on projects. Well done nutral ® | Certified B Corp and well done to John Sisk & Son Ltd for getting behind this. #wellbeingatwork #responsiblebusiness

📰 Toolbox talks: Employment Models 📰 Our director, Doug Aris joined our partners at Moda and John Sisk & Son Ltd down at Great Charles Street yesterday morning to do one of our toolbox talks on temporary employment models. What did we speak about? 📑 Key Information Documents (KIDs): An essential briefing on the vital documentation that workers need to be aware of. 🔖 PAYE Umbrella vs. CIS Self-Employed: A comparison between the Pay As You Earn umbrella model and the Construction Industry Scheme for self-employed individuals. 💰 Regular vs. Irregular Deductions from Pay: We delved into the differences between consistent and unpredictable deductions that can affect workers' take-home pay. 📩 Onboarding Practice: Best practices on what to expect when being onboarded by an agency or umbrella. Thank you to all the workers who took the time out of their busy days to come listen. We had brilliant engagement with lots of thought-provoking questions. nutral ® | Certified B Corp Simon Dingle Tarry Depledge

🚨 Attention Payroll Managers! 🚨 Stay ahead in the rapidly changing regulatory environment with our can't-miss webinar on July 11th! Join Jason Knight and Andrea Porter, payroll and HR experts from eBacon, for a deep dive into critical compliance requirements that impact the construction industry. Key Topics Covered: • W-2 vs. 1099: Understand the proper classification of workers. • Travel Time Pay: Learn about laws affecting employee travel pay. • PTO/Sick Pay: Balance company policies, union agreements, state laws, and industry standards. • Deductions from Pay: Know the differences between exempt and nonexempt prohibited deductions. • Hours Worked: Compliance requirements for recording hours, overtime, and shift differentials. • Weighted Average: Calculate using pay rates, roles, and hours worked on projects. • Exempt vs. Non-Exempt: Criteria for determination. • Risks of AI and Google for HR: How they overlook construction-specific regulations and compliance requirements. This invaluable session is FREE and designed to help you stay compliant and avoid costly errors. Don't miss out! 📅 Date: July 11th 🕒 Time: 10:00-10:30 AM MST 👉 Sign up now: https://hubs.ly/Q02DDjD_0 #PayrollManagement #Compliance #ConstructionIndustry #Webinar #FreeWebinar #StayCompliant #HR #Payroll #Construction #ConstructionPayroll #LaborLaw #Regulations

Watch a demo of our Lumber Time Tracking app in action! ⚡️📽️ Track work hours, ensure precise wage calculation, and stay compliant effortlessly. Multi-lingual, foreman mode, payroll integration, accurate geo-fencing, and more! 🚧⏱️ https://hubs.la/Q029W6t40 #Lumber #TimeTracking #Construction #ConstructionTechnology #WorkforceManagement

Here's a step-by-step guide to help you calculate it effectively using an overhead and employment cost calculator: 1️⃣ Track Billable Hours: Start by recording the total hours worked by your technicians, including both billable and non-billable hours. Ensure you accurately calculate the billable hours, excluding time spent on administrative tasks, travel, and training. 2️⃣ Calculate Employment Costs: Determine the hourly wage and include any additional costs like overtime, benefits, insurance, and taxes. For example, if a technician's pay rate is $45/hour, add employment costs (e.g., $14.03/hour) to get the total direct employment cost per hour. Include site/industry allowances, super, insurance, payroll tax, and other employment-related expenses. 3️⃣ Account for Overhead Costs: Include all overhead costs such as vehicle expenses, tools, uniforms, and office overheads. Calculate the overhead per hour and add it to the employment costs. For instance, if the total overhead per period is $71,500, divide it by the total billable hours to find the overhead per hour. 4️⃣ Determine Total Cost Per Hour: Sum the direct employment cost per hour and the overhead per hour to find your technician's total cost per hour. 5️⃣ Calculate the Utilisation Rate: The recovery rate is the ratio of billable hours to total hours worked. You can only recover costs when your technician is working on a paying job, so you need the % of billable hours to total hours worked. Maximizing billable hours is critical as it directly impacts revenue and efficiency. By following these steps and regularly reviewing your data, you can ensure your trade business operates efficiently and profitably. ✴ Most Important Variable: Billable Hours How many hours in the day/week are your technician doing work that you can charge for? Track this percentage and focus on improving it. Accurately tracking and maximizing the time technicians spend on billable tasks is crucial, as it directly impacts the revenue generated and the overall efficiency of your business. ✳ PRO TIP: Track your Gross Profit per Hour - this is the result of getting staff efficient through good scheduling, training, correct materials, clear scope etc. If you can improve the Gross Profit per hour you will improve your whole business.  Do you need a labour cost template? DM me and I’ll help you out. #TradeBusiness #Efficiency #Profitability #RecoveryRate #BusinessOptimization

Is your manual, outdated construction payroll system causing headaches for you and your coworkers? Are you looking for a solution? Good news… we have just the right fix. The Workforce Go Construction Utilities feature handles complexities such as ✅ Union Fringe Calculations ✅ Prevailing Wage Fringe Offset ✅ Required Construction Certified Reporting and much more… For more insights into construction payroll complexities and the solutions we offer, click here: https://bit.ly/3JIDlVo Don't forget to check out our construction blog: https://lnkd.in/eb3aS9MW #wfgo #constructionsoftware #payrollprocessing #problemsolver

Join Saundra Stampley and Charles Hudson from PayrollCentric in this informative video “Running Reports for Workers Comp Audits.” They discuss the ease of running reports for workers' compensation audits, a topic of high relevance for many companies. Charles, with his expertise, explains the process in detail, including how to generate payroll reports and tax returns, and how to navigate the system for specific date ranges and employee categories. The video is especially useful for those dealing with workers' compensation audits, as it covers the nuances of generating accurate and comprehensive reports for both W2 and 1099 employees. This is an essential watch for anyone looking to streamline their payroll reporting process and ensure compliance during audit periods. Don’t miss out on these valuable insights – watch now for a smoother audit experience! PayrollCentric is a respected payroll provider dedicated to simplifying payroll processes for their clients by acting as an extension of their organizations. Their approach offers personalized service, tailored to each client's unique requirements, backed by a steadfast commitment to compliance, ease of use, and exceptional care. Beyond core services, PayrollCentric provides valuable solutions including insurance, time and attendance management, and retirement planning, all designed to enhance their comprehensive payroll offerings. PayrollCentric | Continuous Employee Management #Payroll #WorkersComp #SolomonGrowthAdvisors For detailed insights, check out the full video.

The latest update for #BuddyPunch includes "6 Best Construction Payroll Software in 2023" and "Buddy Punch Ranked as the #1 EHS Management Software by GetApp". #TimeManagement #TimeTracking #Timesheet https://lnkd.in/eRfVgFN5

Terminating an Employee Guideline 2024: What to Do and What Not to Do Live webinar on March 20, 2024 | Time: 01:00 PM (ET) | Duration 90 Minutes Speaker : Vicki M. Lambert Certification: SHRM & HRCI Credit – 1.5 Description Processing a terminating employee’s paycheck correctly can be difficult. Not only is there a landmine-infested area of state and federal wage and hour laws but the withholding or taxation may even change for this one payment! Therefore, many questions need to be answered before that final check can be processed. Areas covered in this webinar: - How federal and state wage and hour laws affect termination payments - State-by-state review of when and how to pay the final paycheck - Accrued vacation when it must be paid state-by-state review - Proper handling of deceased employee payments - Deducting for missing or unreturned tools, company property, or uniforms Sign Up link : https://lnkd.in/gymjT6E4

Terminating an Employee Guideline 2024: What to Do and What Not to Do Date: March 20, 2024 | Time: 01:00 PM (ET) Duration: 90 Minutes | Speaker: Vicki M. Lambert Certification: SHRM & HRCI Credit – 1.5 This #webinar will cover the following topics: ·       how federal and state wage and hour laws affect termination payments ·       state-by-state review of when and how to pay the final pay check ·       accrued vacation when it must be paid state-by-state review ·       state-by-state review for recouping negative vacation balance and overpayments from the employee’s final pay check ·       deducting for missing or unreturned tools, company property, or uniforms ·       a brief discussion of the effects fringe benefits can have on final pay checks including stock options and deferred compensation ·       year-end and record retention concerns Book this live webinar session visit https://rb.gy/zwhv1g