Latest news with #payroll
Yahoo
10 hours ago
- Politics
- Yahoo
Montgomery County teachers file class action grievance over payroll issues
MONTGOMERY COUNTY, Md. () — Frustration is growing among some educators in the Montgomery County Public Schools system (MCPS) after some did not receive their paychecks on time, and others received less than they were owed. Now, the Montgomery County Educators' Association (MCEA) has filed a class action grievance against the school system, hoping to bring attention and swift action to what they say is an ongoing problem tied to a new payroll system. 'It is really outrageous,' David Stein, president of MCEA, said. Montgomery County Public Schools pickleball student-athletes headed to China He said the issue is not isolated and that several dozen members have reported problems. 'We need to make sure that our members are paid. They have bills themselves that need to be taken care of and families to support,' Stein said. 'It can really be a hardship when people are counting on a paycheck coming at a particular point and then it's not there.' Stein said the problems began after MCPS rolled out a new payroll system. Since then, teachers and staff have reported various issues to the school district. 'We have hundreds of members who have had issues with the payroll procedures,' Stein said. 'Not just not being paid, but there are issues with leave balances and incorrect pay amounts and some other issues that need to be resolved.' By filing a class action grievance, Stein said the union is using its bargaining power to push the district to act. 'We're basically forcing them to deal with the situation and resolve these issues that hundreds of our members are having,' Stein said. In response, MCPS said the issue affected summer employees who either started work after July 11 or submitted their timecards after that date. The district says all impacted employees will be paid by Wednesday. In a statement, the district said: 'MCPS sincerely regrets any financial and personal strain this delay may have caused. MCPS is committed to working with our associations to ensure our team members are confident they will be compensated correctly and in a timely manner going forward.' Montgomery County Public Schools Montgomery County parents react to court ruling on LGBTQ-related instruction in schools But Stein said the delay never should have happened in the first place. 'They've known these problems were there, and they need to make sure that they solve the issues,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Globe and Mail
4 days ago
- Business
- Globe and Mail
Payroll Outsourcing Services from IBN Technologies Improve Compliance
IBN Technologies introduces enhanced payroll outsourcing services tailored for growing enterprises navigating global expansion. The solution integrates secure payroll management, real-time bookkeeping, and region-specific compliance support. With 26+ years of expertise, the service reduces operational load, increases payroll accuracy, and supports hybrid workforce models worldwide. Miami, Florida, 25 July 2025 In response to growing business complexity and geographic expansion, IBN Technologies is highlighting its payroll outsourcing services, offering a flexible and compliant solution tailored to the needs of modern enterprises. As businesses navigate fragmented regulations, hybrid workforces, and rapid scaling, the demand for dependable payroll operations continues to increase. With over 26 years of expertise in finance and accounting support, IBN Technologies' refined service offering delivers scalable HR payroll outsourcing designed to streamline payroll management throughout multiple locations. The solution ensures accurate calculations, compliance with local laws, and timely disbursements while relieving internal teams of labor-intensive administrative tasks. IBN Technologies' upgraded payroll suite integrates regional payroll regulations, secure online payroll processing, and dedicated account management to support businesses ranging from fast-growing startups to established multinational firms. This development strengthens IBN Technologies' role as a trusted payroll service company focused on helping organizations simplify financial operations while maintaining compliance in a changing global landscape. Tailor your financial operations to match your growth goals. Industry Challenges in Payroll Services Despite modernization in finance operations, organizations still face recurring payroll hurdles such as: • Navigating diverse tax frameworks and labor rules in multiple regions • Ensuring precise payroll data for distributed and hybrid teams • Executing salary transfers punctually across different time zones • Reducing human mistakes in wage computations • Compiling compliance-ready records for regulatory review How IBN Technologies Solves Payroll Challenges IBN Technologies presents a resilient suite of payroll outsourcing services structured for adaptability, protection, and precision. The company's methodology is aimed at simplifying payroll difficulties encountered by expanding businesses while supporting compliance and lessening pressure on HR personnel. IBN Technologies' tailored solution includes: ✅ Payroll Management Services: From compensation breakdowns to legal reporting, each function is executed flawlessly and in full legal alignment—suited for growth-focused firms. ✅ Cloud-Based Document Management: Encrypted, safeguarded access to all financial and payroll documents—ensuring privacy and readiness for audits. ✅ Dedicated Account Managers: Individualized support from seasoned experts who understand your sector and localized compliance mandates. Whether enabling entry into new markets or refining outdated frameworks, IBN Technologies payroll solution allows clients to stay responsive and legally sound while reducing administrative strain. Proven Results and Client Achievements IBN Technologies' know-how is evident through practical outcomes delivered for clients in varied domains: • A logistics company in California reduced payroll-related errors by 92% after implementing IBN Technologies' payroll services, significantly lowering audit exposure and compliance costs. Such cases underscore the firm's unmatched blend of personalized attention, economical service, and expert financial strategy. Their capability to deliver dependable, top-level service globally has been especially helpful as businesses continue to adapt to decentralized work environments. Choose a solution aligned with your workflow and built to grow. Browse Our Pricing Options: Advantages of Payroll Outsourcing Services Engaging an experienced payroll service company like IBN Technologies delivers tangible benefits to firms operating on a larger scale. Major advantages include: • Cost Optimization: Lower operational costs through simplified financial procedures • Regulatory Assurance: Localized knowledge guarantees current legal alignment • Risk Control: Decreased manual mishaps and improved data security protocols • Operational Agility: Seamless expansion of team size or geographic coverage • Resource Savings: Internal departments can concentrate on strategic priorities IBN Technologies' HR payroll outsourcing empowers organizations to handle payroll confidently and smartly—regardless of complexity or company size. Related Service: Tax Preparation Support! - About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 26 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Yahoo
4 days ago
- Business
- Yahoo
David Stearns reveals Mets' trade deadline plan: Who could New York target?
In hiring president of baseball operations David Stearns, the New York Mets paired small-market ingenuity with a runaway payroll to create one of the most dangerous teams in the sport. This isn't the 2022 Mets team that bought 100 wins before falling flat and collapsing a year later. By spending responsibly, New York has found a sustainable path to competing. The occasional splurge on Juan Soto doesn't hurt, either. Stearns will spend when necessary, but he's principled with the checks he asks owner Steve Cohen to cut. He's not going to trade top prospects for three-month rentals, and he's not going to tie big money to relievers with Edwin Díaz already under contract. Stearns suggests relief help is on the way On Monday, Stearns spoke to the media, fielding questions in the final days before the July 31 trade deadline. Among his top priorities looks to be the bullpen, where Díaz, Reed Garrett, and Huascar Brazobán have been strong, but overworked, ahead of a rather mediocre crop of middle relievers. The Mets specialize in churning out quad-A relievers and hoping some stick (like Garrett). Between injuries and inconsistencies, though, more stability is necessary. "I think providing our group some reinforcements in the bullpen would be great," Stearns said, via ESPN. "There are generally relievers traded at the deadline. And so I'm sure there will be some this year as well, and we'll be involved in that." New York is bound to make a move or two before the deadline. However, expecting Stearns to pony up real capital for the market's top options like Jhoan Durán, Emmanuel Clase, and Ryan Helsley is ambitious. Stearns has a type: cheap and controllable, with quality stuff. Several available names fit that list. Dennis Santana, RHP, Pittsburgh Pirates Pittsburgh has essentially been out of the playoff race since Opening Day, rendering much of the bullpen available for trade. David Bednar might be the biggest prize, but on a results basis, Santana has been even better. Across 42.1 innings, Santana has pitched to a 1.49 ERA and a 0.80 WHIP, with a 2.28 FIP to support it. He's been fortunate with the long ball, allowing just 0.21 per nine innings. Relievers are inherently volatile, but Santana's profile doesn't scream regression. With a slider-heavy arsenal, Santana is missing bats at an elite rate while suppressing contact moderately well. His .222 BABIP allowed is great and backed by an 85th-percentile xBABIP, he's walking fewer than 5% of batters, and he's limiting pulled fly balls. Under contract through the 2026 season, Santana has a season of arbitration left and can reasonably slide into the high-leverage mix behind Díaz. Gregory Soto, LHP, Baltimore Orioles The return of Brooks Raley has been fruitful in his first handful of appearances, adding a late-inning lefty to the bullpen for the first time since veteran A.J. Minter went down with his season-ending lat injury. Last season, New York was stretched thin and forced to use David Peterson in that role for its biggest innings of the season. Adding another lefty would help mitigate that risk (and keep Peterson in the rotation). MORE: Mets fans don't know what to expect from Francisco Alvarez Soto will be a free agent this winter, and on a floundering Orioles team, there's little reason for him to wear orange and black every day in August. He's underperforming his 3.27 FIP with a 3.67 ERA, but he's been as consistent as ever. Soto is going to strike out double-digit batters per nine innings, walk 10% of batters, and get lefties out. This season, they're hitting .148 against him. For his career, that mark moves to a measly .207. A second high-leverage lefty opens the door for either one to be used in the middle innings without forcing Garrett or Brazobán into an uninviting matchup later in the game. Jake Bird, RHP, Colorado Rockies The biggest obstacle in any hypothetical deal with the Rockies is their existence as an irrational actor. They don't like to trade players at the deadline, even as their futility exceeds the elevation of Coors Field. Bird's team control (through 2028) inflates his price, although being 29 years old with a career-best 4.01 ERA means he shouldn't break the bank. Teams will be inquiring about Colorado's surplus of solid relievers, and Bird is the Mets' best bet. His arsenal is headlined by an elite slider that he commands well and consistently tosses in the zone, generating both called strikes and soft contact. His curveball is an out pitch, and he relies on a sinker as his primary fastball. It's an average offering but tunnels well, and New York's pitching lab has done impressive work tinkering with fastball/sinker usage in recent years. In the meantime, Bird can slide into the middle of the Mets' bullpen, offering consistent 4.00-ERA ball, adding insulation should Ryne Stanek or José Buttó struggle. In an innovative organization, he would stand to improve in the years before he hits free agency, too. MORE METS NEWS Guardians trade pitch sends Steven Kwan to Mets for elite prospect Mets trade idea would bring 3-time All-Star pitcher to Queens Mets' Juan Soto joins Babe Ruth, Jimmie Foxx as 3rd in MLB history on exclusive record list Mets blockbuster trade proposal robs Yankees of top deadline target
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Payroll and Bookkeeping Services by IBN Technologies Support Growth
IBN Technologies expands its payroll and bookkeeping services to support businesses with multi-location teams and complex compliance needs. The offering includes salary processing, tax filings, real-time reporting, and secure cloud access. With 26+ years of expertise, the service is designed to improve accuracy, lower operational costs, and deliver consistent financial management for growing enterprises. Miami, Florida, 22 July 2025 As financial operations become increasingly complex throughout regions, IBN Technologies is redefining how global companies maintain compliance and financial accuracy through its expanded payroll and bookkeeping services. With over 26 years of industry experience, the firm now offers an enhanced solution tailored for businesses navigating intricate tax regulations, multiple employee bases, and cross-border reporting obligations. The rising demand for unified yet flexible payroll management services has led companies to reassess internal processes. IBN Technologies' latest service model addresses this growing requirement by delivering full-spectrum support—encompassing salary processing, tax filings, ledger reconciliation, and real-time reporting visibility—regardless of a company's geographic footprint. By delivering consistency, transparency, and compliance-focused execution, IBN Technologies is establishing a new benchmark for dependable financial administration. Their renewed offering reflects a broader movement toward specialized outsourcing that supports long-term scalability while aligning with local regulatory frameworks. As businesses continue to evolve in structure and size, access to experienced, location-independent financial services has never been more essential. Build a financial framework tailored to your business goals. Financial Roadblocks Hindering Global Businesses Many organizations operating under multiple jurisdictions encounters major obstacles when handling internal payroll systems: Varied payroll schedules and jurisdiction-specific tax deadlines Insufficient internal proficiency in local financial laws High resource strain due to manual reconciliation processes Disconnected payroll platforms compromising data reliability Greater risk exposure to compliance breaches and financial penalties Without a centralized and regulation-aligned infrastructure, companies struggle to maintain operational control and accuracy. How IBN Technologies Solves Payroll and Bookkeeping Complexity IBN Technologies delivers an integrated approach to the multifaceted issues enterprises face through its dependable payroll and bookkeeping services. These offerings are designed specifically for businesses managing distributed teams and complex financial ecosystems. Key elements of IBN Technologies' payroll management services include: ✅ Payroll Processing Solutions: From compensation calculations to statutory submissions, every procedure is executed with precision and in full adherence to legal mandates—ideal for organizations in growth mode. ✅ Remote Bookkeeping Support: Routine transaction entries, bank statement alignment, oversight of receivables and payables, and detailed monthly reports, all viewable via an interactive dashboard. ✅ Cloud-Enabled File Access: Secure, encrypted availability of payroll and bookkeeping records, preserving confidentiality and supporting audit preparation. ✅ Dedicated Financial Liaisons: Personalized attention from professionals well-versed in your sector and familiar with location-specific regulatory requirements. This customizable framework empowers companies to streamline financial functions while achieving consistency and confidence. By aligning operations to regionally mandated financial practices, IBN Technologies becomes a vital extension of sustainable financial infrastructure. Proven Results and Client Achievements IBN Technologies' service excellence is demonstrated through tangible results delivered to a diverse clientele: A Texas-based manufacturing company saved over $40,000 annually by implementing IBN Technologies' offshore bookkeeping services—enabling reinvestment in production-focused innovation. A logistics provider in California reduced payroll inconsistencies by 92% after integrating IBN Technologies' payroll management services—significantly reducing the risks tied to regulatory errors and audit expenditures. These outcomes underscore IBN Technologies' rare combination of industry-specific insight, cost-optimized execution, and tailored support, which continues to attract and retain satisfied clients. Their ability to maintain consistent quality—regardless of geographic boundaries—has been instrumental as remote employment models reshape traditional structures Why Outsourcing Payroll Services Makes Strategic Sense Organizations that outsource payroll and bookkeeping functions experience measurable gains, such as: Lower Operational Expenses: Avoid the overhead of maintaining an in-house payroll department Greater Accuracy: Diminish compliance mistakes and data discrepancies Time Optimization: Allow leadership to concentrate on mission-critical priorities Adaptability: Scale services in sync with business expansion or transformation These outcomes empower enterprises to adjust swiftly, support regional expansion, and uphold reporting integrity—especially in today's evolving corporate landscape. Choose a solution tailored to your workflow and built for growth. Browse Pricing Options Now: A Strategic Partner for Financial Clarity and Growth IBN Technologies' strong track record reinforces its ability to adjust financial services in line with enterprise needs. Clients in manufacturing, logistics, retail, and healthcare consistently benefit from the company's deep operational knowledge and understanding of regional requirements. The organization's payroll management services demonstrate unparalleled capability to deliver jurisdiction-specific accuracy at an international level. Whether it's overseeing compliance within U.S. states, managing supplier accounts in the UK, or navigating statutory filings throughout the APAC region, IBN Technologies guarantees accurate, timely, and confidential processing. Looking ahead, the firm remains committed to enhancing its service offerings in response to emerging regulatory conditions and evolving business models. Companies seeking a trustworthy partner in finance and accounting now have access to a resource that is adaptable, cost-smart, and built for compliance from the ground up. Related Service: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 26 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Yahoo
19-07-2025
- Business
- Yahoo
Instant paychecks pose moral dilemma for Yooz CFO
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Yooz CFO John Gronen likes to keep an open mind when it comes to responding to employee requests for new services or benefits. So, when some employees at the Dallas, Texas-based accounts payable software company asked for instant paycheck access, he researched the pros and cons — despite having some reservations about it leading down a slippery slope to overspending. 'There's an upside of having access to the money every day and there's a cost,' Gronen said in an interview, noting that he's currently leaning toward sticking with the 'old school' practice in which employees get paid once or twice a month. Also known as earned wage access, since 2023 states have begun passing laws friendly to EWA service providers, although the industry has also sparked controversy because of fees associated with some services, CFO Dive sister publication Payments Dive reported. To find out more about how the benefit is viewed, Gronen opted to add a question on EWA services to a recent survey the firm conducted. Yooz found just under a third (32%) of the roughly 1,000 workers queried across industries said they would prefer instant pay, while the majority (58%) preferred scheduled paydays, Yooz told CFO Dive. Gronen himself isn't convinced it's a good idea, though he acknowledges there are some significant benefits to EWA services, because those using it can tap into their daily cash flow rather than credit cards. 'As a CFO you want to make sure you're doing the right thing for employees and kind of helping them not get into trouble,' Gronen said of EWA. 'There are a lot of benefits but the downsides scare me because some people get $1,000 or $100 today and they go spend it immediately and then when they get to the first of the month they no longer have money to pay the rent.' A betting predicament Gronen, who joined Yooz last year, faced a similar moral dilemma in his previous job as finance chief of Sightline Payments. Back in 2021, the payments company weighed offering BNPL services to a sports betting company, before ultimately opting against it. 'I was massively opposed to it. If you're going to place a sports bet, you should have that cash in hand,' Gronen said. 'Casinos are in business because, generally speaking, [the person placing the bet] is going to lose. For me that outweighed the benefit of offering it for the company.' For now, he is leaning toward not offering EWA, while still working with his human resources department to determine what it would take to implement in the U.S. Currently, Yooz has a staff of over 500 people and all the U.S. employees are paid twice monthly. He expects he would only offer the instant option to U.S. employees because of the tighter regulations that affect pay processes in Europe. Next, he and HR will poll the staff to find out how many and what type of employees would truly want instant payments. He will also need to examine what the service would cost on the banking side as well as the cost of the time his team would need to take to offer the service. Becoming material While he declined to say how much it costs for each electronic paycheck delivered through the ACH network, in general, he said it is roughly $1.50 to $2.50 to process a single employee's paycheck. In addition to the transaction cost, there are also potential internal administrative costs that could come into play such as those related to commissions. For instance, there could be a cost related to someone on staff having to calculate commissions on a daily basis, he said. 'It starts to become material if you have a lot of employees,' Gronen said of instant payments, adding that Yooz has a staff of more than 500. Given his worries, why is Gronen even considering EWA at all — not to mention that, should the service be implemented, he believes the company should eat the costs rather than charge the employees any fee for additional payment transactions? The answer is a little self-serving, he acknowledges: spending and benefits that support employee satisfaction and are good for the bottom line. 'Employee turnover is one of the things that will keep you from growing your company,' Gronen said. 'It sets you back each time.' Recommended Reading MassMutual's first female CFO looks back on her career, automation, and getting loud
