Regardless of your political leanings, increased minimum wage is a reality. It’s time to discuss what this will mean to the payroll industry. Let’s steer clear of politically-heated discussions on whether or not this will help small businesses, low-income workers, or the economy as a whole. Let’s discuss, instead, our plans for informing clients, and maintaining compliance with the gradual roll-out.
- Are you sending out reminders in newsletters or other communication?
- Do you have plans for fielding questions from clients; have you prepared any speaking points for employees?
- Do you have an automated system in place that will update wages automatically or will you need to schedule and make updates manually?
- How do you plan on handling clients who try to cut costs or make ends meet by delaying or failing to remit payroll taxes?