FosterThomas

We're Hiring! Join the FosterThomas Team! FosterThomas, a leading provider of Human Capital Management solutions, is expanding, and we are excited to announce several new opportunities to join our dynamic team. If you, thrive in a fast-paced environment and are looking to make a significant impact, we want to hear from you! Why FosterThomas? Innovative Culture: We embrace innovation and encourage new ideas to improve our services. Professional Growth: We invest in our employees' professional development and offer opportunities for career advancement. Competitive Benefits: We offer a comprehensive benefits package, including health insurance, retirement plans, and paid time off. How to Apply: Interested candidates are invited to apply online at www.FosterThomas.com! Reach out to our dedicated Talent Acquisition team Brook Burnopp, Sean Ewing, SHRM-CP, Lia Brace, and Heather A. Sandell with any questions! Join us at FosterThomas and be a part of a team that is transforming the HR industry. #Hiring #HRJobs #CareerOpportunity #FosterThomas #JoinOurTeam

Meet Wrigley, the newest member of the FosterThomas family! 🐾 #FosterThomas Stella Glady

🔥New Opportunity!🔥 We are seeking a Compensation and Benefits Manager in Trevose, PA. The ideal candidate will have a strong HR background in compensation, benefits administration/management, compliance, and payroll processing using the ADP WFN system. Please reach out to me or apply if you or anyone you may know is interested. https://lnkd.in/eCuhTwg3 Sean Ewing, SHRM-CP Heather A. Sandell FosterThomas

We're #hiring a new Compensation and Benefits Manager in Trevose, Pennsylvania. Apply today or share this post with your network.

We're thrilled to share that Brittany Martens has been promoted to Jr. Project Manager. Congratulations, Brittany, on your well-deserved advancement! Wishing you every success in your new role! #FosterThomas #FosterThomasSuccess #Promotion

We recognize that the HCM industry has experienced some disruptions recently. If you or someone you know has been affected by a layoff and you have full life-cycle implementation experience with UKG Dimensions or Workforce Manager, please contact me directly! Heather A. Sandell Sean Ewing, SHRM-CP Nicole O'Brien FosterThomas

We are excited to announce that FosterThomas has partnered with Flexspring to revolutionize HR data integration for our clients! This strategic partnership will deliver a broad, end-to-end portfolio of solutions to ADP clients, combining FosterThomas's leading HCM consulting services with Flexspring's innovative HR data integration solutions. Our customers now have access to Flexspring’s comprehensive suite of pre-built and custom integration connectors for ADP, enabling seamless data flow between ADP and a variety of business platforms including ATS, ERP, and more. 💡 “With Flexspring's innovative technology, FosterThomas can now provide our clients with seamless, efficient, and cost-effective HR data integration solutions. This partnership is a significant step forward in enhancing our service offerings and delivering even greater value to our clients.” – Lori Duncan at FosterThomas. 🌟 “Independently, Flexspring and FosterThomas are powerful forces in the ADP environment,” said Yan Courtois, CEO at Flexspring. “In partnership, we can deliver an expansive and robust set of solutions to ADP’s client base. This partnership creates even more value for ADP clients who are looking to maximize the performance of their HR departments." This collaboration is set to bring substantial improvements in HR processes, saving time and resources, and allowing our clients to focus more on their core business operations. Stay tuned for more updates on how this partnership will benefit our clients and the exciting projects we have in the pipeline! Together, we’re making HR simpler and smarter! For more information about our Strategic Partnership, please contact Lori Duncan at [email protected] or visit us at www.fosterthomas.com. #HR #HCM #DataIntegration #Partnership #FosterThomas #Flexspring #ADP #Innovation #Efficiency #FosterThomasSuccess

🎉 Exciting News at FosterThomas! 🎉 We are thrilled to announce that Beau Bedard and Jonathan Engel have joined our growing team. Beau and Jon's responsibilities as HR & Benefits Advisors extend to business development, focusing on enhancing client relations and expanding service offerings to drive company growth. Please join us in welcoming Beau and Jon to the FosterThomas family! We are excited to have them on board and look forward to achieving great things together. #Welcome #NewTeamMembers #FosterThomas #TeamGrowth #Innovation

Happy Independence Day! #FosterThomas

✨FosterThomas Wisdom Wednesday✨ Demystifying the Regular Rate of Pay in Payroll In the payroll world, defining the "regular rate of pay" and understanding its importance is essential. If you're part of a payroll department with basic processing, you might not be familiar with this term. Under Fair Labor Standards Act (FLSA) regulations (29 CFR §778.102), overtime pay for hours worked beyond 40 in a week must be calculated at one and one-half (1½) times the regular rate of pay. You might think, "My payroll system does that automatically." But does it? Is your system accounting for everything that needs to be considered? Payroll systems typically take 1½ times the hourly rate. For instance, if Joe makes $15 an hour and works 45 hours in a week, the system might calculate: (40 x $15) + (5 x ($15 x 1.5)) = $600.00 + $112.50 = $712.50. With no other pay components, this seems fine. However, various pay components must be considered for accurate overtime calculation. Components to include in the regular rate of pay are shift differentials, nondiscretionary bonuses, payments in non-cash forms, retroactive pay, on-call pay, and supplemental disability. Exclusions include gifts, reimbursed expenses, payments for time not worked (like sick leave or holidays), stock options, discretionary bonuses, bona fide meal periods, benefits or perks, show-up pay, call-back pay, and state/local regulated payments. Consider Joe again, with a $0.75/hour night shift premium and a $50 nondiscretionary bonus. To calculate the regular rate of pay: 45 hours x $15/hour = $675.00 + 45 hours x $0.75/hour = $33.75 + $50 bonus = $758.75 (regular pay). Divide this by hours worked: $758.75/45 = $16.86 (regular weekly rate). Next, calculate the overtime premium: $16.86 x 50% = $8.43. Multiply by overtime hours: 5 x $8.43 = $42.15. Total pay is then: $758.75 + $42.15 = $800.90. You might wonder, why not use the regular rate of pay times 1½ for overtime hours? The one-times rate is already included in the regular pay calculation, so you only need the overtime premium at 50%. Bottom Line: Ensure all components required under the FLSA are included when calculating overtime pay to stay compliant and fair. #Payroll #HR #FLSA #Compliance #EmployeeCompensation #RegularRateOfPay #OvertimePay #FairPay