There’s more to taxable income than regular salary. Awards, tuition assistance, gift cards and even some family benefit costs can be subject to payroll taxes. Any unpaid employee taxes at the end of the calendar year are redirected to the employer and will post to position funding sources. See how you can query for these charges.
In addition to the usual year-end tasks, specific situations can arise with grant-funded positions and the electronic Personnel Effort Reporting System (ePERS).
Employee Services will run a series of salary uploads in early January to update certain employees’ compensation. Please hold off on making job data entries for future-dated rows until after the uploads have been completed.
The University of Colorado has launched a new reference checking vendor, Crosschq. Learn how to use the new software and prepare for the discontinuation of the current reference checking vendor, SkillSurvey.
New features clarify FAMLI benefits and supplemental leave rates for HR partners, providing dynamic updates following changes to base compensation or wage replacement benefits. Employee features coming soon!
There’s more to payroll funding than position funding. To make sense of the payroll transactions that post to the general ledger, account codes classify the kind of earnings and benefits processed by payroll and are used to post fringe rates and encumbrances.
The HCM payroll encumbrance calculation process is an important way to track projected payroll obligations — such as payroll, taxes and deductions — in the general ledger.
