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Construction Union Payroll Changes
For many construction businesses, hiring unionized workers is an effective way to build a well-trained workforce. However, because of the diverse nature of unions and collective bargaining agreements, payroll-related rates and benefits are subject to frequent changes and can be...
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
Multi-state payroll is the process of managing wages, taxes and compliance for employees working across different states. For construction businesses operating in multiple jurisdictions, payroll adds a layer of complexity. And a single mistake can be costly. According to the...
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 Can a Union Payroll Company Help Manage Payroll for Construction Companies?
Union payroll is the process of paying union workers based on the rules in their union contract. That includes paying the right wage for each trade, sending fringe benefit contributions to union funds and deducting union dues. Union payroll for...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...