SIMA will be closed on Monday, May 27 in observance of the Memorial Day Holiday. Your payroll must be processed a day earlier than normal by 12:00 pm to ensure timely processing. Is your pay date on Monday, May 27? There will be no direct deposits allowed on Monday, May 27 due to the Memorial…
May 6, 2019 – Original Content from McGuire Woods On April 25, a federal court revived a 2016 Obama administration requirement that certain employers must report pay data to the U.S. Equal Employment Opportunity Commission (EEOC). The Trump administration shelved this requirement in 2017, prompting litigation, which resulted in the April 25 court order reinstating…
The Equal Employment Opportunity Commission (EEOC) has announced that employers must report pay data, broken down by race, sex and ethnicity, from 2017 and 2018 payrolls. The pay data reports are due Sept. 30. Employers had been waiting to learn what pay data they would need to file—if any at all—as litigation on the matter…
Virginia law imposes duties on employers and others who collect and store personal information. The chart below gives a general overview of these requirements; additional requirements and exceptions may apply. Types of Protected Information Personal information means: The first name (or first initial) and last name in combination with and linked to any unencrypted or…
The most important tasks in conducting a job interview are preparing questions and evaluating candidate answers. However, there are other key items you can attend to that will ensure a successful job interview. Learn the action steps you need to know by watching this video.
The Equal Employment Opportunity Commission (EEOC) has extended the deadline for employers to submit EEO-1 Reports for 2018. The reports are now due by May 31, 2019. What is the EEO-1 Report? The EEO-1 Report is a federally mandated survey that collects workforce data from employers. The data is categorized by race, ethnicity, sex…
Overtime, or OT, is typically calculated by multiplying an employee’s hourly rate by 1.5–pretty easy, right? It depends who checks your math. The Department of Labor (DOL) recently published an opinion letter on pay rates, as they relate to calculating OT. According to the letter, you can vary employees’ average hourly rates from week to…
Employees’ W-2s have now been prepared and you should have received them in the mail. Your W-2 forms are also available on your online portal located under the Reports tab. We have already filed all returns with the tax authorities but please remember to distribute all W-2s to your employees by January 31st. Please keep…
The Martin Luther King holiday will be observed on Monday, January 21. SIMA is open however, most banks will be closed. Allow an extra day for direct deposit. If your pay date is on this date please contact your payroll team at payroll@simafinancialgroup.com to let us know whether you would like to move your pay…
The current federal minimum wage rate is $7.25 per hour. However, many states have adopted minimum wage rates higher than the federal rate. When the state rate and the federal rate are different, employers must pay their employees the higher rate. The list below outlines states (and the District of Columbia) that have adopted new…
