The Role of HR and Payroll in Maryland’s Small Business Success
The Maryland Small Business Landscape Maryland’s economy thrives on the grit and innovation of its small business community. According to the U.S. Small Business Administration, 99.5% of all businesses in Maryland are classified as small businesses, employing nearly half of the state’s workforce. From retail shops in Annapolis to bustling cafés in Baltimore, these businesses […]
Construction Payroll Made Easy: Smarter, Automated Systems for Contractors
Managing payroll is a critical yet complex function for small businesses, especially construction business. Managing payroll in the construction industry is no small feat. Between fluctuating job sites, seasonal labor, and ever-changing compliance requirements, small construction businesses often find themselves spending more time in the back office than on the job site. These challenges can lead to […]
HRIS vs. HRMS vs. HCM: Understanding the Key Differences
As businesses grow and expand their workforce, the need for effective human resource management becomes critical. Terms like HRMS (Human Resource Management System), HRIS (Human Resource Information System), and HCM (Human Capital Management) often arise in conversations, but what do they truly mean, and how do they differ? At PeopleWorX, we aim to simplify payroll […]
Urgent Immigration Policy Changes and Their Immediate Impact on Small Businesses
The current landscape of U.S. Immigration policy is undergoing significant shifts, driven largely by executive orders and fueled by speculation regarding future policy adjustments. For small businesses, particularly those in industries heavily reliant on immigrant labor, these changes could present substantial operational challenges. While the political nature of these shifts is often the focal point […]
2025 FLSA Alert: Big Changes That Could Impact Your Business
Attention businesses, we’ve got some crucial updates regarding the Fair Labor Standards Act (FLSA) that you should know about. Significant changes are coming on January 1, 2025, and if your businesses is impacted, action is required to stay compliant. Content What’s changing in 2025 What This Change Does Not Mean The New Salary Threshold Overtime […]
Independent Contractor Test
In March of 2024, the United States Department of Labor (DOL) finalized their rule on the guidance used for Independent Contractor (IC) classification. The rule effectively reinstates the longstanding version of the “economic reality” test the DOL used prior to the 2021 IC Rule, striving to provide more consistency with the Fair Labor Standards Act […]
Biggest Issues That HR Faces in 2024
Do you think the way HR worked a decade before is the same as now? Like every industry, the HR industry has evolved too – thanks to labor regulations and technology advancements. However, this does not mean that the HR industry is challenge-free. The HR industry is also constantly changing and facing challenges year after […]
25 must-have HR Policies for Small Businesses
Are you a small business trying to figure out HR functions independently? Do you know that HR policies are one of those areas often overlooked in small businesses? In fact, having the right HR policies can make your life a whole lot easier and your business a much better place to work. This article discusses […]
Does your small business need an HR department?
If you are starting a new venture or are a small business owner, the struggle to allocate a budget for an HR department is real. But does a small business need an HR department? When is the right time to establish one? Is there any other option that would work for a small business? We […]
Maryland Payroll Regulations in 2024
Every business in Maryland should know about the State and Federal payroll tax regulations to stay compliant and avoid legal issues. Failure to file returns or remit amounts collected as required results in a penalty of 25% of the unpaid tax.
New Regulations in 2024
New rules affecting business operations will emerge in 2024, reshaping the business landscape. These adjustments aim to instill fairness and transparency in the market. Adjusting to these new regulations is essential for enterprises to keep their competitiveness. Regulations can prove beneficial and problematic equally. They are designed to enhance business transactions, prevent illegitimate and unjust […]