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23, that all salaried employees would have to return to the office three days a week. Or consider a National Bureau of Economic Research paper about a study at Trip.com, one of the largest travel agencies in the world. GM announced in a message on Friday, Sept.
Masarweh says it’s a way to better allocate employees’ time, especially when they have special skills, so you aren’t paying high salaries for basic administrative tasks. He points to around a year ago when there were massive layoffs happening , “just completely wiping companies out,” he says. Many companies approached Assistantly for help.
Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. General consensus: Proposed regs, if they ever are released, will raise the minimum salary employees must earn to remain exempt from overtime under the Fair Labor Standards Act. Axed business travel budgets.
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You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. The education must serve a bona fide business purpose.
In other words, a direct cost is tied to a major function of your organization, like employee salaries, manufacturing equipment, and material costs. Travel expenses are an example since they could simultaneously be used for multiple cost objectives. Say that the payroll costs for a salesperson at your organization total $75,000.
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