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Using Tax Credits To Hire New Employees Economically

tax credits

May 25th, 2017 by TRAXPayroll

While many companies focus on retaining their workers through salary increases, one way to recruit new workers cost effectively is through tax credits. Many companies have learned the hard way that raising the salaries of their employees beyond a certain point will cause their overall costs will get out of control, emphasizing the need to use other methods to keep a low overhead.

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Why Do You Need To Close The Gender Pay Gap?

gender pay gap

May 23rd, 2017 by TRAXPayroll

The gender pay gap has become a contentious issue in recent years. While some companies have modernized and pay their female employees the same as their male counterparts, others continue to maintain the status quo. Below are some of the advantages you’ll gain by equalizing pay for your employees.

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Understanding The Proposed AHCA

AHCA

May 18th, 2017 by TRAXPayroll

Obamacare has been the subject of both scrutiny and controversy since it was first introduced, leading the government to come up with new proposals to shore up its shortcomings. One proposal has been the AHCA, or American Health Care Act. It has been presented as a law that replaces and repeals Obamacare, and below are the ways in which it will do so.

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Managing Your Remote Workforce In Style

remote workforce

May 16th, 2017 by TRAXPayroll

Thanks to the internet, smartphones and wireless networks, a growing number of employees are working remotely. While the remote workforce still only comprises a small portion of the population and most jobs require a physical presence, working remotely is here to stay. Here are some tips for managing it effectively for your small business.

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The Importance Of Employee Self Service For Your Business

Employee Self Service

May 11th, 2017 by TRAXPayroll

Employee self-service is a system that ensures that communications are as streamlined as possible. It is a must have component of HRIS, or human resource management systems. Once an employee has signed into their self-service account, they will be able to access data which is related to benefits and taxes. They can also review their paystubs and perform other functions without having to leave their desk.

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How You Can Set Up Health Reimbursement Arrangement (HRA) For Your Small Business

Health Reimbursement Arrangement

May 9th, 2017 by TRAXPayroll

There are a number of steps you’ll need to take to establish a health reimbursement arrangement for your small business. Implementing an HRA for the first time can be overwhelming for some, but by following the steps below and using the right software, the process will be much smoother.

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Learn To Determine Pay Scales Like A Pro

pay scales

May 4th, 2017 by TRAXPayroll

Establishing pay scales can be a significant challenge for human resources departments. On the one hand, salaries must be lucrative enough to attract the best talent, but they must also remain within budget. Maintaining a balance between the two can be tricky, but becomes much easier when you follow the steps below.

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Do You Have The Skills To Succeed As A New Startup Owner?

new startup owner

May 2nd, 2017 by TRAXPayroll

A lot of people talk about starting their own businesses, but talk and action are two different things. Being a new startup owner can certainly be rewarding, but only when you’re realistic and mentally prepared for the challenges you’ll face. Below are some of the core skills you will have to develop to succeed.

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Tips For Implementing An Employee Referral Program

employee referral program

Apr 27th, 2017 by TRAXPayroll

A good employee referral program is essential to attracting the top workers who share your organization’s mission statement. However, the best referral program in the world is meaningless if it is not implemented properly. Here are some tips for implementing it the right way.

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What Can Your Time & Labor Management Data Tell You?

time & labor management

Apr 25th, 2017 by TRAXPayroll

Time & labor management tools can provide crucial insights in regards to productivity, cost management and compliance. They can also assist you in the establishment of KPIs, or Key Performance Indicators for attendance within your organization. Having access to this information will enable you to make better decisions which are driven by data. The most important metrics to consider are overtime, labor costs, and absences.

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