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How to Calculate Labor Burden and Its Impact on Construction Payroll
Labor burden significantly impacts construction payroll, with employment costs adding 24-70% on top of base wages. Calculating labor burden gives contractors visibility into the full cost of their workforce. Failing to factor in labor burden can lead to inaccurate estimates...
The Benefits of a Construction Payroll Service for Construction Professionals
With all the complexities involved in managing construction payroll, not to mention the time required to create a construction payroll report, weekly payroll processing can become a logistical nightmare. According to The U.S. Department of Labor’s calculations, one hour is...
What Contractors Need to Bid on Government Contracts
If you’re looking to grow your construction business, government jobs can be incredibly profitable and a great addition to your project portfolio. However, these projects come with several additional considerations. Before bidding on government jobs, it’s crucial to make sure you...
The Ins and Outs of Multi-State Payroll
Working in multiple states is a great way to attract skilled workers and create more profitable opportunities. However, it does come with its fair set of challenges that contractors need to navigate… namely having to process multi-state payroll. The issue...
The Benefits of Synching Payroll with Time Tracking
In the construction industry, the payroll process can be complicated. Legally, payroll has to be accurate under governmental regulations to avoid lawsuits, costly fines and liability claims. For your workers, payroll must be precise so that every worker is paid on...
How to Handle Multi-State Payroll
When you’ve got multiple workers on multiple jobsites with multiple wages and multiple pay rates, maintaining accurate payroll can get extremely confusing. Multi-state payroll in particular brings about a variety of time-consuming regulations that require absolute accuracy. According to Independent...
How Can a Union Payroll Company Help Manage Payroll for Construction Companies?
Processing union payroll for a construction company is different from that of non-union payroll. Construction companies with union employee payroll responsibilities have to deal with: Collective bargaining agreements (CBAs) Complying with specific union regulations set by the Department of Labor...The Benefits of Outsourcing Construction Payroll
Outsourcing construction payroll provides contractors with key advantages for running a successful construction business. Contractors striving for efficiency in this area are often impeded by the challenges presented by construction-specific payroll, including: Certified payroll reporting Multi-state and multi-rate payroll Union...
