January 16, 2025
If you’re thinking about offering ESOPs to your employees, you might find them appealing because of the way they can help reward those employees who helped you build your business. After all, an ESOP is an aspect of an employee’s retirement plan, and like other tax-advantaged retirement accounts, your employees won’t owe taxes on any money in their ESOP account until money is withdrawn, making it an enticing benefit in the eyes of employees as well.
January 13, 2025
If your human resources department reviews hundreds of applications, facilitates employee orientation and attends job fairs, chances are that it is already using artificial intelligence in recruitment and selection. Companies have even set up chatbots on career portals to answer commonly asked candidate questions. This allows staff members to focus on interviews, background checks and preemployment assessments.
January 09, 2025
The first step to creating a compliant payroll process is easy: Apply for an employer identification number or federal employer identification number. There is no application fee and the form can be completed online. Without an EIN or FEIN, you cannot pay your people.
Payroll/Taxes · January 06, 2025
Hiring remote employees gives companies access to a larger pool of workers, but because each state has its own laws regarding workers' compensation, disability insurance and/or paid leave, as well as its own taxing authority, employers have to know and be prepared for the implications on state and federal income taxes when it comes to remote workers, Medicare withholding and unemployment insurance.
December 23, 2024
Many employees dash off emails with little attention paid to them. As a manager, you can help focus and train your team on some techniques for effective messaging.
Employee Benefits · December 16, 2024
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of baby boomers are among those living paycheck to paycheck. In other words, most people are anxious about their financial well-being.
Compliance · December 09, 2024
Are you aware of just how important it is to properly classify those who work for you? It’s crucial that you accurately classify them. Otherwise, you could face serious consequences from the IRS!
Payroll/Taxes · December 02, 2024
Let's start by reviewing what federal law requires you to retain:
Each employee's personal information, including their full legal name, Social Security number, contact information, emergency contacts and occupation, needs to be kept. If you offer benefit plans, the benefits enrollment data should also be retained.
Management · November 18, 2024
The word "secretary" is derived from the Latin “secretus,” meaning a key function is to handle sensitive tasks discreetly. Where is M’s flirty Miss Moneypenny when you need her? High-level executives, managers, professionals — and everyone else — have been forced to take over their own clerical tasks (and fetch their own coffee). It is more egalitarian, but does it make sense from a cost-benefit perspective?
Compliance · November 11, 2024
By law, you need to pay all employees a fair and equitable salary. In other words, you must offer equal pay to employees who perform the same duties as one another, regardless of gender, race or any other personal defining characteristics.