Vision Payroll

This week’s question is from Mariana, an HR Manager. We are reviewing our payroll processing schedule for 2010. What is the holiday schedule for 2010? Answer: There are two types of holidays: those on which payrolls are processed and those on which payrolls are not processed. In addition, companies should also consider that there is no mail pickup or delivery on federal holidays. UPS may pickup and deliver on certain holidays, but may not pickup or deliver on other days that are not holidays. Consult the UPS website for further information. The schedule for 2010 holidays is as follows:

According to the US Department of Labor, in the week ending November 14, the advance figure for seasonally adjusted initial claims was 505,000, unchanged from the previous week’s revised figure of 505,000. The 4-week moving average was 514,000, a decrease of 6,500 from the previous week’s revised average of 520,500.

The advance seasonally adjusted insured unemployment rate was 4.3% for the week ending November 7, unchanged from the prior week’s unrevised rate of 4.3%.

The advance number for seasonally adjusted insured unemployment during the week ending November 7 was 5,611,000, a decrease of 39,000 from the preceding week’s revised level of 5,650,000. The 4-week moving average was 5,711,500, a decrease of 83,500 from the preceding week’s revised average of 5,795,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.992 million.

Employee departures can drain time, energy, resources and morale if not done well. These resources will help you make sure that when you need to let employees go, the process is as smooth and effective as possible. Our Termination Quick Guide will help you institute effective practices and systems for your termination process. Learn the five top tips for managing the termination process and download a checklist to help you manage the flow from MyHRSupportCenter. In addition to these helpful tools, the Quick Guide also contains sections with forms, templates and guidelines, relevant articles, and relevant information.

To learn more be sure to login to MyHRSupportCenter, click Quick Guides, then Termination. If you’re not yet signed up or would like a free trial of MyHRSupportCenter, contact Vision Payroll today.

The New Hampshire Department of Employment Security has announced an increase in the taxable wage base for 2010. The wage base will increase from $8,000 for 2009 to $10,000 for 2010. The taxable wage base will also increase to $12,000 for 2011 and $14,000 for 2012. Contact Vision Payroll if you have any questions on New Hampshire unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

On or before June 30 of each year the Commissioner of the Minnesota Department of Employment and Economic Development must calculate an amount equal to sixty percent of Minnesota’s average annual wage, rounded to the nearest $1,000. This amount is the taxable wage base for the next taxable year. For 2010, the taxable wage base will increase from $26,000 to $27,000. Contact Vision Payroll if you have questions on the Minnesota Taxable Wage Base or visit our Unemployment Taxable Wage Base page.

The Florida Department of Revenue has announced an increase in the taxable wage base for 2010. The wage base will increase from $7,000 for 2009 to $8,500 for 2010. Contact Vision Payroll if you have any questions on Florida unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

The Arkansas Department of Workforce Services has announced an increase in the taxable wage base for 2010. The wage base will increase from $10,000 for 2009 to $12,000 for 2010. Contact Vision Payroll if you have any questions on Arkansas unemployment taxable wage base or visit our Unemployment Taxable Wage Base page.

This week’s question comes from Eugenia, a small business owner. One of our employees just moved. How do I change an employee’s address? Answer: According to the Internal Revenue Service (IRS), employers should report the address where the employee receives mail. If an employee changes that address, employers may change it online by logging in, click Employees, then click Demographics, and enter the employee’s new address. Employers who are not yet online should report the change of address the next time they submit payroll hours. Contact Vision Payroll if you have any questions on changing an employee’s address.

According to the US Department of Labor, in the week ending November 7, the advance figure for seasonally adjusted initial claims was 502,000, a decrease of 12,000 from the previous week’s revised figure of 514,000. The 4-week moving average was 519,750, a decrease of 4,500 from the previous week’s revised average of 524,250.

The advance seasonally adjusted insured unemployment rate was 4.3% for the week ending October 31, unchanged from the prior week’s unrevised rate of 4.4%.

The advance number for seasonally adjusted insured unemployment during the week ending October 31 was 5,631,000, a decrease of 139,000 from the preceding week’s revised level of 5,770,000. The 4-week moving average was 5,790,750, a decrease of 100,750 from the preceding week’s revised average of 5,891,500.

Regularly monitoring, evaluating and communicating employee performance is a crucial step for improving employee productivity. These resources will help you implement effective procedures and systems to manage your employees. Before your next round of performance reviews, our Performance Management Quick Guide will help you institute effective practices and systems for your review process. Learn the five top tips for managing the review process and download a checklist to help you manage the flow from MyHRSupportCenter. In addition to these helpful tools, the Quick Guide also contains sections with forms, templates and guidelines, relevant articles, and relevant information.

To learn more be sure to login to MyHRSupportCenter, click Quick Guides, then Performance Management. If you’re not yet signed up or would like a free trial of MyHRSupportCenter, contact Vision Payroll today.