Within the next five years, ninety-five percent of all workloads will be in the cloud. Facing disruptions from job automation, talent shortages and remote work trends, advanced technologies and cloud computing is becoming the preferred way of doing business. Human resources and payroll processes are not exempt. In fact, 56% of companies are redesigning their […]
An Iowa construction firm owner recently pleaded guilty to a payroll-linked legal challenge. Reports claim that the owner withheld over $1 million in payroll taxes. Unfortunately, there’s nothing unusual about reports like these in the construction industry. The question is, why? The administrative challenges of managing multiple construction trade unions and contractors for construction projects can get quite overwhelming […]
The construction sector often engages several contractors for every project to supply skilled laborers in multiple domains. While engaging general contractors is not a new thing, complexity arises when union payroll comes into the picture. With employees being free to be a part of any union they favor a construction project may involve workers affiliated […]
Standing out in an increasingly crowded global marketplace can sometimes prove to be a bit much. A hyper-connected economy and rising and evolving customer expectations are keeping businesses across verticals on their toes and increasing the need for business-impacting digital solutions. The construction sector is, like all others, a highly competitive and demanding place. In […]
There’s a broad spectrum and diversity of roles within the construction industry. This can be an administrative nightmare when it comes to managing operational, staffing, and welfare initiatives. Payroll, obviously, forms a critical part of all these activities. In the context of payroll, you also need to add in the presence of unions and the […]
The administrative challenges of managing multiple trade unions and contractors for various projects can become overwhelming — as can calculating and processing multi-tiered pay rates. This makes the process of union payroll processing confusing, time-consuming, and tedious. Managing hundreds of trade unions efficiently and administering prevailing wages for thousands of craft can put payroll managers […]
Technology advancements are paving the way for one of the largest industries in the world, the construction sector. As emerging technologies reshape the construction industry, construction companies are reaping the results from eliminating long-standing inefficacies and low productivity. Despite construction being known as one of the lesser digitized sectors, industry leaders are embracing the challenges […]
Processing payroll can be difficult and time-consuming for any business. But nothing seems to compare to the challenges of construction and union payroll processing. Whether it’s tracking hundreds of unions across multiple projects, managing multiple pay rates and departments, properly applying multi-state and local taxes, or keeping up with compliance and reporting, construction companies face […]
As the COVID-19 pandemic created disruptions worldwide, there was a paradigm shift in how businesses enabled their workforce to work comfortably and safely. Remote work became a norm in most domains. But the ones where the physical presence of the workforce was deemed necessary, like the construction industry, did not have this luxury of remote […]
Imagine being a multi-dollar construction company creating a new state-of-the-art facility and finding itself late and over budget, accruing losses and delaying revenues by the day. Or – maybe you don’t need to imagine — this may be a common occurrence. As construction companies face increasing complexity, project leaders find themselves looking for new solutions […]