There are a number of changes which are expected when it comes to employee benefit trends in 2017. While this means new challenges for employers, it also provides significant opportunities to those that can recognize and take advantage of them. Here are some of the trends that are predicted to dominate 2017:
Whether it’s a small business or a large corporation, exceptional employees are the bread and butter of every organization in existence. Even with the advent of increasing automation and artificial intelligence, at best machines can only perform basic, routine tasks and only humans have the creative insight and knowledge to provide novel solutions to complex challenges. Therefore, making a new hire feel appreciated is essential, as to do otherwise runs the risk of them leaving your company to go work for your competition.
A quality payroll processing system is a necessity for businesses of all sizes. However, switching to such a system for the first time can be challenging. Here are three important steps you’ll want to take to ensure your payroll processing program is smoothly and correctly implemented.
A number of changes can be expected for small business tax in 2017. They come courtesy of the Internal Revenue Service (IRS), which is known for making changes on an annual basis, so keeping up to date with them is important. Let’s find out more about the changes pertaining to 2017 small business tax matters.
Time management is without a doubt one of the most important skill sets that an employee can develop. The reason for this is because it maximizes their productivity, allowing them to get the most out the time in which they work. An employee who manages their time well is an asset to the company they work for, as they will directly increase profits through their efficiency.
Statistics indicate that fraud associated with payroll data comprised over 10 percent of global corporate fraud cases, with enterprises suffering an average loss of approximately $50,000 annually. While $50,000 may not be much to Fortune 500 and 1000 companies, it can cripple small businesses and if trends continue, this amount is expected to grow. Below are some steps to ensure that your company doesn’t become victimized and can safeguard your payroll data.
Wage garnishment is an issue that every employer will face at some point, but many employers know little about it. However, it is a key aspect of payroll that employers will need to familiarize themselves with, so here’s a mini lesson on wage garnishment.
Generation Z is the name given to the generation who succeed the Millennials, who were born during or after 1993. While the Millennials grew up in the late 1970s and 80s and experienced a world without the Internet, Generation Z (at least in developed countries) has had Internet access from the beginning of their lives. This is one of the key things that make them distinct, but there is other things about them that employers should be aware of.
Trends in the workplace, like so many areas of life, are in a constant state of flux. Just a few of the changes which have been witnessed in the workplace during 2016 include overtime and salary, the elimination of yearly performance reviews, and the increasing desire for a workforce which is on-demand. Here are some 2017 workplace trends to watch for.
It takes extraordinary effort, time and patience to build a profitable business. Those who choose to run their own operation as opposed to working for someone else are few in number, and even fewer are actually successful. The path of the entrepreneur is one of the hardest, most arduous lifestyles an individual can lead, but the rewards for those that win are beyond words.