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 […]
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 […]
By 2025, experts predict that there will be rapid acceleration to the cloud. Driven by the demand for integration capabilities, agile work processes and composable architecture, Gartner Inc. predicts that companies will dedicate 51% of enterprise IT spending toward technologies that support a transition to the cloud, compared to 41% in 2022. Companies are moving […]
During the era of the great resignation, HR and payroll software professionals must not be excluded from hybrid and remote work models. This becomes even more glaring when 97% of employees don’t want to return to the office full-time. Providing employees with the perks of working remotely is a must in today’s workforce, which means […]
As the construction sector grows, unifying data across fields, sites, and contractors is crucial to achieving end-to-end visibility into contracts, clients and financial books. But with most companies still using entry-level financial accounting software, which does not provide accurate project accounting.the issues in reconciliation of contract billing and costs at the end of the month and […]
The US economy incurs more than $7.4 billion in losses every day due to untracked work hours. If there’s confusion over how employees are spending their workday and how much time a particular project’s taking, it’s nearly impossible to fine-tune miscalculations, potential time theft, or any other inaccuracies. Since efficient time tracking is critical for construction payroll […]
For construction companies, payroll and time tracking is becoming increasingly complicated, especially regarding union and government compliance. Complying with standards being laid out by the Fair Labor Standards Act (FLSA) or the Davis-Bacon act is not easy, especially with many companies still struggling to calculate the right wages and overtime rates for workers. Read on […]