Employers must understand the ways in which changing pay frequencies affects both payroll and employees, two payroll experts said May 8.
Businesses might decide to change the employees’ pay frequency for several reasons, said Gerard Hall, Payroll Operations Director for CBIZ. Some common reasons include making operations more efficient, improving employee satisfaction, or becoming compliant with wage-hour law.
“Another reason I see is when multiple companies or legal entities come together through acquisitions and they have different pay frequencies,” said Lori Carter, Director of Payroll and Human Capital at Guidehouse. “And so you consolidate them in order to make the ...
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