With so many big companies evading the U.S. treasury by taking advantage of tax shelters and payment loopholes, small businesses, too, want to shave a few percentage points off their business tax rates. But those who can’t afford to pull the “double Irish” or hire a team of tax attorneys to fully exploit the system’sContinue Reading
When it comes to building a human resources department, small businesses have three basic choices: 1) hire HR staff, 2) outsource or 3) some combination of the two. Most companies use a combination. Even the most well funded big corporations will often use vendors for some HR services — such as a 401k, health insuranceContinue Reading
As the vast body of labor regulations continues to grow and ratchet ever tighter, companies must keep abreast of and comply with hundreds of new workplace requirements each year. This means hiring bigger HR departments, contracting with more outside experts, or both. To staunch administrative outflows and cut through the complexity, many businesses are lookingContinue Reading
You love setting goals — too much, perhaps? Yes, goals can be great. Used the right way they bring teams together, drive effort and announce to the world your intentions to achieve. But there is a darker side to goal-setting, one that can undo everything it’s meant to accomplish. In 59 Seconds: Think a Little,Continue Reading
Tobacco use is the scourge of workplaces everywhere, just ask any smoker who works in an office setting. Businesses ban lighting up in buildings, penalize users through their wellness programs, and relegate smokers to taking their breaks in out-of-sight crannies near alleyway dumpsters. As the vilification movement continues to swell, an unlikely hero — orContinue Reading
The decision to screen job candidates for criminal backgrounds and drug use is often a hard one for businesses to make. Finding the right balance between protecting themselves from liability while still attracting the best job applicants can be tough. But with the right policies and application process, screenings can help a business without hurtingContinue Reading
Only a fool would walk away from free money, especially if that money adds up to tens of thousands of dollars over a career. But the reality is that most employees don’t invest enough in their retirement plans to reach their goals. One-third of employees fail to participate in company-sponsored 401k plans when offered. AndContinue Reading
More than stacks of money, more than lines of customers — even more than the knowledge contained in a thousand books on small business — an entrepreneur’s ultimate success depends on the people he has at his side. That’s the opinion of Garry Bradford, founder and president of UniqueHR, who started his life as anContinue Reading
California businesses take notice: New state laws will soon affect minimum wage, leave, wage equality, reasonable accommodation and motor carrier requirements. Affected businesses need to stay ahead of the changes or face the consequences. Labor Law Changes Minimum Wage Legislation passed in 2013 raised California’s minimum wage would be increased to $10 per hour, effective January 1, 2016.Continue Reading
They’ve been called cocky, tech-obsessed, entitled and impatient, although the same traits have also been described as confidence, tech-savviness and openness to change. These are the qualities of youth — regardless of generation — yet we’re told Millennials are a different breed. Just how different is a matter of perspective. And to motivate them theContinue Reading
Businesses have many options when it comes to choosing a company retirement plan. Many opt for employer-sponsored defined contributions plans like a 401(k) or profit sharing scheme, any of which can bring big benefits to employees and business owners alike. Ensuring a good return, however, involves more than stashing money and waiting for it toContinue Reading
Social media use is so ingrained in our behavior that employers need policies to manage employees’ online behavior—both on the clock and off. Although businesses that prohibit social media risk more than irking affected tweeters, allowing employees unfettered access can lead to reduced efficiency and heightened risk of liability exposure. In crafting a social mediaContinue Reading
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