The Montana Department of Revenue is the state agency responsible for overseeing tax collection, property assessment, and other revenue-related functions in the state of Montana. With a focus on ensuring compliance with state tax laws and regulations, the department works to support a fair and efficient tax system for residents and businesses in Montana.
Salary transparency laws are a relatively new phenomenon in the US—until Colorado enacted the 2021 Equal Pay for Equal Work Act, no US jurisdictions required businesses to disclose pay information to employees or the public.
Since 2021, eight additional states and multiple jurisdictions have passed similar laws. An increasing number of legislators and policy groups have also called for additional action, identifying wage secrecy as a contributor to both the gender pay gap and wage gaps affecting people of color—and citing a growing body of research showing that salary transparency can increase pay equity.
Timekeeping policies help organizations maintain accurate employee records, ensure compliance, and promote smooth payroll processing. A procedure for tracking hours worked reduces misunderstandings and helps build a fair system for all staff.
This article outlines why timekeeping policies are important, what they consist of, and examples to help speed up the process.
Why Are Timekeeping Policies Important? Timekeeping policies set clear expectations for how employees should report their work hours.
The global pandemic accelerated the adoption of remote work and no one can imagine going back. Businesses can hire the best person for the job, no matter where they live. People can save time and money on their commutes, spend more time with family, and have greater flexibility to live where they want. For startups in particular, out of state hiring continues to grow—from 34% of new hires in 2019 to 62% in 2022[0].
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