A recent survey by Public Opinion Strategies found that small businesses across a wide range of industries and sectors, depend on a variety of business services. Of the small business owners surveyed, more than 65% of the companies utilize payroll and insurance broker services. More than 35% of respondents indicated the company uses human resourceContinue 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
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
Thanks to changes in workplace law and economic pressures raising health care costs, employers are now leveraging the workplace to improve employee health more than ever before. Today’s workplace wellness programs offer more than just fruit in the vending machines; they take direct aim at employee’s blood pressure, cholesterol, body-mass index and smoking habits. 10Continue Reading
Insurance costs are increasing and employers are feeling the sting. To save costs, many businesses are increasingly doing the exact thing insurance is designed to avoid: self-funding their own benefits programs. One painful reform having a large impact on workplace benefits is the Cadillac Tax, which is designed to help fund the Affordable Care ActContinue 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
Communication is the most important part of building a strong workforce. Teams must share a vision, communicate it amongst groups, and give accurate reviews on how their members perform in pursuit of continuing goals. Just when and how such communication should take place, however, is the subject of much debate, whether performance reviews are somethingContinue 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
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
Most people don’t realize how many HR functions are going on behind the scenes of an organization; that is, until they go to work for a company without a dedicated HR department. In a nutshell, a good HR team is devoted to providing effective policies, procedures, and people-friendly guidelines to the organization. HR objectives runContinue Reading
Like most business owners, you are well aware of the time and energy that goes into ensuring your employees get paid promptly and that the right tax amounts are diverted to the government. This means more than simply staying on top of hours and signing a few checks. Because processing payroll can be such anContinue Reading
Determining which employee benefits to offer, if any, is a difficult choice that many small business owners face today. Investing in benefits such as medical, dental and vision insurance, a 401k plan, and disability and life insurance for your employees could be the difference between retaining key employees and losing them to a competitor. ButContinue Reading
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