Beyond Job Titles: The Critical Role of Trade Designations in Construction

Contractors are responsible for properly designating the trades of their workers when performing payroll. Correctly designating trades for workers ensures they are paid an accurate wage and that employers remain compliant with the Department of Labor’s laws. With that in mind, it’s important to understand: What trade designations are Common trade designations Why trade designations are important How to simplify …

How to Ensure Your Construction Payroll Follows Government Guidelines

Meeting government payroll compliance is a complicated, ever-changing process, subject to many regulations with strict penalties if not obeyed correctly. From adhering to the state minimum wage laws to more complex requirements, such as federal income tax calculations and record keeping, businesses are expected to follow specific steps to complete correct and timely payroll. However, in addition to tracking current …

Why Should Your Construction Company Embrace Automatic Timecards?

Construction payroll processing is one of the most time-consuming elements of a construction business, and it’s also one of the most important operational tasks a company has to manage. Inaccurate payroll processing can lead to a drop in employee retention because of pay discrepancies or delays. And contractors can be subject to harsh government fines and penalties if mandated compliance …

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 a challenge to track and manage. What’s additionally tricky is that the union payroll and all union reports are expected …

Exploring Construction Payroll Labor Burden

Construction payroll burden means calculating the true total costs of an employee’s labor. This goes beyond hourly wage and includes all direct and indirect costs associated with employing a worker. Knowing how to properly calculate and understand payroll burden allows you to know the true cost of your projects. Failing to factor in payroll 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 required to create a payroll report of eight employees per week. This means that a company with 200 employees will need …

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 have a plan in place for: Documenting and submitting certified payroll reports Safety certifications Union reporting Safety forms Minority compliance …

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 with multi-state payroll is that a single mistake can have serious legal repercussions such as lawsuits and fines. According to …

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 time. To keep both the government and your employees happy, you have to ensure accuracy right from the start. The …

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 Electrical Contractors, more than 5,000 cities across 17 states have their own payroll regulations and city-specific tax rules that construction …