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
Health care is expensive for businesses. Those who go through insurance companies must deal with rising premiums and growing uncertainty. And the ones that self-fund health benefits are only so insulated from increasing costs. In the search to buttress the bottom line, corporate wellness programs are doing a good job of improving worker health soContinue Reading
One part of the Affordable Care Act (ACA) that has business owners shifting toward offering more voluntary benefits is the Cadillac Tax. Due to go into effect in 2018, this 40 percent levy on “high cost” health care plans was created to offset the costs of the ACA. Exposure to the tax is based onContinue Reading
Managing employee turnover isn’t the most glamorous part of running a company. Preparing to open up a vacancy can be just as taxing as filling one. Having a strategy to conduct exit interviews can ensure a smooth and amicable transition for both company and employee. And it might just glean the kind of honest feedback thatContinue Reading
ou didn’t go into business to become a bookkeeper, a retirement plan administrator or a monitor for a government bureau. You have a vision, but too often it’s pushed aside when the tasks of administering your business takes precedence. These things need doing, of course, but business owners must take stock of hidden costs ofContinue Reading
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
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
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
According to a report by Harvard Business Review (HBR) Analytic Services on The Impact of Employee Engagement on Performance, employee engagement has become a priority for senior managers. These managers report that staff who are highly engaged are usually highly innovative and productive, which increases the the bottom line and reduces the costs associated withContinue Reading
When employees or staff are out due to illness or injury, it can severely impact your business. The loss of productivity, need to hire a temporary replacement, and workers’ compensation or disability payments can take a toll on your bottom line and disrupt projects. A return to work policy can help mitigate these effects, allowingContinue Reading
As the leader of your business, you know that there can be many hazards in the workplace. However, if you’re like most small business owners, you’re probably not thinking about the possibility of being affected by a workplace disaster. However, the construction, manufacturing and machinery industries are at a higher risk for workplace disasters –Continue Reading
Payroll and payroll tax administration happens to be one of the most time-consuming and annoying tasks for small businesses owners. In fact, according to the NSBA 2014 Small Business Taxation survey, payroll taxes were ranked number one for the most financially burdensome and number two for the most administratively burdensome federal tax among small firms. ThatContinue Reading
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