Your company’s employee handbook is its first opportunity to communicate its values, culture, rights and expectations to employees, and it needs to cover all of these loaded topics in a friendly, straightforward and accessible manner. No small task. In the event of a dispute between your company and one of its employees, the handbook mayContinue Reading
Do you know how much your employees really cost? Cacluating your true labor burden can be a time consuming and arduous task for many small businesses. You may be surprised to find a number of hidden costs associated with every employee. Everything from unemployment claims to OSHA compliance is often missed in a business owner’s calculations, causing the estimateContinue Reading
Retirement management is often put on the back burner. Our busy schedules, limited budgets and personal desires (foreign travel, fast cars, fancy dinners, etc.) always get in the way. Businesses can help their employees — and help themselves in the process. The ability to provide retirement benefits and help employees manage them is not onlyContinue Reading
Most companies are still adjusting to the Affordable Care Act (ACA). As the law continues to be phased in, human resources departments will likely encounter even more challenges. Familiarize Yourself with New ACA Regulations Compliance with ACA regulations is mandatory This might seem like a no-brainer but, as the Society for Human Resources Management(SHRM) pointsContinue Reading
Businesses of all sizes face challenges in planning for capital expenditures. Unfortunately, safety training and health management planning is not always a top priority. The cost of poor planning and lack of safety training can hit businesses hard. Spend on occupational injuries and illnesses currently tops $170 billion per year, expenses that come directly outContinue Reading
It’s no longer enough for businesses to simply put together an amazing team. The key to success and longevity in today’s competitive business environment begins and ends with employee retention. The financial implications of a high turnover rate, where the cost of training and recruitment is lost, are high. A recent CAP study found thatContinue Reading
Employee training and development programs contribute to a company’s success and those of its workers. They allow companies to remain capable and relevant when skills are needed, offering them an effective way of filling roles without looking to job markets. In addition, training can boost employee morale and productivity by allowing opportunities for growth andContinue Reading
For growing small businesses, the job of payroll administration and bookkeeping grows ever more weighty as they add more customers, expand their departments, hire additional employees and create new vendor relationships. Adding to the complexity is the fact that the larger a company gets, the more rules and red tape they will subject to justContinue Reading
Businesses today are faced with a complex challenge: how to hire the right people while having the confidence that they will be able to adapt and succeed in an ever-evolving workplace. Business requires visionary leaders who can make tough decisions, empower employees and pivot quickly. To secure and develop these leaders, businesses currently invest millionsContinue Reading
Too few employees today are taking advantage of one of the best options they have to save money while, at the same time, looking out for the health and well-being of themselves and their families. Section 125 Cafeteria Plans offer employees the opportunity to defer non-taxed income and use it instead on a wide rangeContinue Reading
About 2.7 million Americans quit their jobs in May of 2015 — nearly two percent of the workforce — up by about a quarter since 2003. “Quits,” as termed by the Bureau of Labor Statistics, held steady at near 2 million month-on-month. Higher turnover isn’t necessarily a sign of a weakening economy. Employees who leaveContinue Reading
One measure of a great company that is often overlooked in the business world is the ability to create and preserve an environment of work-life balance. Sharply contrasting this ideal, many employees are being paid for 40 hours’ worth of work on a weekly basis, yet a 2014 Gallup Study found that Americans work an averageContinue Reading
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