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Glossary of Human Resources Management and Employee Benefit Terms
Employee payroll taxes are mandatory deductions from an employee's paycheck, which fund various government programs and services. Understanding payroll taxes is crucial for both employers and employees to ensure compliance with tax laws and regulations, avoid penalties, and effectively manage finances.
Employee payroll taxes are the taxes that employees are required to pay on their wages or salaries. These taxes are withheld by employers from employees' paychecks and are then remitted to the appropriate tax authorities on behalf of the employees. Employee payroll taxes typically include federal income tax, state income tax (if applicable), Social Security tax, and Medicare tax.
The different types of employee payroll taxes are:
The responsibilities are:
The responsibilities of employees regarding this are:
The legal implications are:
The updates are:
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
The strategies are:
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