When employee benefits management is improperly implemented by third-party contractors, a company can incur substantial costs in regards to its efficiency and effectiveness when providing work benefits to employees. Even small businesses may experience delays when it comes to processing important forms and enrollments. Below are some tips that will allow benefits management for workers to be outsourced with ease:
If you’re a business owner, you may have received an EEOC complaint through the mail. This means that the Equal Employment Opportunity Commission was sent a notice by one of your employees that they were the victims of discrimination. When receiving such notices in the mail you should respond to them promptly and correctly as they are serious.
Payroll data is a crucial component of businesses and as such can provide important financial benefits. In a nutshell, it tells you where your company stands and how it is doing. It is one of the most frequently updated pieces of data that an organization can analyze, and since you’re required by law to maintain payroll information which is live, you don’t have to worry about making critical decisions based on outdated information. Here are some other areas of payroll that you will want to carefully analyze.
Health Savings Accounts (HSA) are favored by people who want comprehensive health insurance that is individualized. Such programs also allow them to grow their savings tax free and can be rolled over from year to year. However, before contributing to a HSA, one must first be enrolled within a HDHP, or high deductible health plan. HDHPs have a deductible which is higher than standard insurance plans, so here is how to determine if you’re HSA-qualified.
To market your organization to millennials, it is important to understand their needs, desires and what makes them different from previous generations. A millennial is someone born at the end of the 1970s or early 1980s, who came of age at the dawn of the new millennium. These are the children of baby boomers and by 2020 they will comprise at least 50 percent of the work force as their parents retire. Below are some ways to attract top performing millennials to your organization.
Businesses must prepare themselves for the annual tax season, and this means being aware of the constant changes which are occurring regarding taxation. Keeping abreast of these developments will keep your taxes lower and less onerous. Always consult your Certified Public Accountant, if you have any concerns about your taxation matters.
Logistics professionals are in a constant search to discover new ways of leveraging their time and labor management system. The capabilities of such systems are increasing while becoming more oriented to both decision support and management. Here are the most important things that a labor management system should provide.
The management of payroll has modernized rapidly due to technological advances in mobile devices, software and cloud computing. This has allowed payroll to be further integrated into other aspects of Human Resources. Below are some payroll trends which are expected to continue throughout 2017.
Bad weather can come in many forms, from earthquakes to hurricanes to floods, and more. These events can wreak havoc on your business, disrupting normal work operations while significantly driving up costs. It is for this reason that it is so important for companies, both large businesses and small startups, to maintain inclement weather policies.
Payroll laws are in a constant state of flux, making it challenging for HR departments to keep up. For example, states all over the U.S. will be increasing their minimum wage in the coming years, which will require changes in the way payroll is processed. Below are some effective tips that will ensure your payroll compliance is always on point.