The coronavirus hit the construction industry at the worst possible time: right at the start of the busy season. Now that work is picking back up, many contractors will be making up for lost time, taking on as many projects as possible and bringing on more workers.
Many construction companies have been burned in the past by purchasing HCM solutions that didn’t adequately run their payroll. But technologies are improving, and payroll companies are learning about the unique needs of the construction industry.
Companies everywhere, in every industry, are frustrated by payroll. Some of the frustration is self inflicted, with legacy policies or other requirements outside of what a commercially available payroll is able to handle.
In 2020, more construction companies will start outsourcing payroll while also keeping their ERP. It's a trend that we expect to gain momentum over the next several years as payroll technology continues to develop and ERPs focus more efforts on their core functionality (instead of payroll/HR).
Three years ago, employers were in panic mode as President Obama's new Overtime Rule was about to go into effect. The threshold for overtime was being raised, and millions of salaried employees were about to become overtime-elibible. The impact on many businesses would have been seismic.
Contracting with the government can be a bittersweet experience. You get a stable job that pays well, but there’s a cost. For many companies, that cost is enough to keep them away from government contracts.
As the holidays approach, we all start looking forward to taking time off to spend with friends and family. But for payroll administrators who juggle multiple union payrolls, time off is a luxury they can't always afford.
Overtime regulations and pay policy updates have been in the headlines lately, with a focus on the evolving nature of labor laws and little-known details that could surprise you.
This month we bring you important headlines from around the web that could affect the way your company handles your payroll policies. Check out the articles below.
We just returned from the 2019 Sage Timberline User Group (TUG) conference, where industry experts pulled back the curtain on emerging trends in the construction industry. Insider CPAs, construction company controllers and payroll/HR administrators, industry consultants and Sage partners shared insights that forecast the coming landscape for construction.
