A paid internship is often a win-win situation for both parties. The intern gets the work experience which will help them find a job after graduation, and the institution they work for gets the help it needs. It also gives companies an opportunity to scout promising talent. However, one question that many institutions ask themselves is whether or not interns should be paid, and if so, when? The answer to this question is important, as it has legal ramifications.
A common problem that many small businesses experience is a high employee turnover rate. One way to avoid this is to provide employee benefits that give them an incentive to stick around. Think about using unconventional benefits, as the standard employee benefits which have been used for decades are no longer enough to attract and maintain the best talent. Below are some unconventional ideas that will help your company in retaining worthy employees:
The proper management of finances is one of the most important aspects of running a small business. This is especially true when it comes to payroll, which affects all members of the company. When considering small business payroll software, business owners must consider their needs versus the various options and features that the software offers.
Benefits administration has always been a hassle for human resources. It is a challenging task that requires great attention to detail and HR staff must correctly handle and manage large amounts of paperwork and files. Any mistakes which are made can lead to serious problems. However, performing the task online has made things much smoother and more efficient. There are a number of reasons for this, and HR professionals should consider a switch to administering benefits online if their current system is not working as well as it should be.
Changes in healthcare laws have prompted many small businesses to look for new ways to provide health insurance for their workers without incurring high costs. Offering healthcare benefits can be a great way for a business to retain its most valuable workers, especially when larger enterprises are following a similar path. However, before establishing a health insurance plan, it is important to review the different options which are available.
Many companies turn to freelance workers, especially during peak seasons such as the holidays. They can save money which can be used to recruit more employees once a portfolio of customers has been established. However, incorporating freelancers into your organization requires procedures which are distinct from those that are used to hire employees. Your goal is to ensure that your interests are served from the relationship, the roles between you and the freelancer are clarified, and that taxes and other legalities regarding the contractor are met.
Protecting payroll data has always been important, but changes in technology have made it more so. While there are a number of online safety measures which have been developed, one of the greatest threats that employers face today are data breaches. However, the danger doesn’t end there.
A growing trend among businesses involves reducing the work week from forty to thirty hours. There are a number of factors which is contributing to this change, but many small business owners wander if reducing the work week will help or harm their business. There are both advantages and disadvantages to reducing the number of hours employees work, and it is important for business owners to weigh them carefully.