Don’t Make These End Of Year Performance Review Mistakes!

end of year performance review mistakes

Dec 20th, 2016 by TRAXPayroll

Very few employees look forward to end of year performance reviews. A number of companies, whether it’s small businesses or large organizations, determine annual increases based on them, which makes it a source of considerable anxiety. Additionally, many employees make mistakes when performing these reviews, which only make things worse. Below are some of the most common mistakes that you should avoid.

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How To Alleviate Workplace Stress For Employees

workplace stress

Dec 15th, 2016 by TRAXPayroll

While a degree of workplace stress is expected in any working environment, excessive amounts can contribute to a number of problems among employees, ultimately impacting their productivity. Workers who are routinely under tremendous amounts of stress will lose satisfaction with their jobs and a link has been found between high stress levels and turnover rate. Given the difficulty involved with recruiting top level workers, employee retention, turnover rates and high stress are all factors that employers should address. Here are some ways in which it can be done.

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Make Sure Your Open Enrollment Is On Track!

open enrollment

Dec 13th, 2016 by TRAXPayroll

Employers have had months to get ready for open enrollment, and the deadline is now rapidly approaching. Once open enrollment arrives, it is important to manage it in a way that ensures everything goes smoothly. Below are some tips for doing this.

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How To Keep Your Employee Retention Rates Soaring

employee retention

Dec 8th, 2016 by TRAXPayroll

Recruiting high level employees can be extremely challenging, especially given the 80/20 principle. Most of the available workforce in any give region lacks the credentials or skills needed to perform specific jobs, especially those which require many years of education and or experience. It is for this reason that employee retention is so important when you do recruit top level workers. Here are some ways to keep the best workers within your organization and away from the competition.

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What Makes A Good Obamacare Software Solution?

Obamacare software

Dec 6th, 2016 by TRAXPayroll

In a quest to meet the guidelines mandated by the Affordable Care Act, the market has become flooded with a variety of Obamacare software products. This is great news for business owners and HR personnel as these tools will make it easier for them to understand the various aspects of ACA. However, not all these software products are equal in quality, so it is important to choose wisely and look for features which indicate a superior product. Below are some features to look for in any ACA software you’re considering purchasing.

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How Your Business Can Give Back During The Holiday Season

corporate donations

Dec 1st, 2016 by TRAXPayroll

The holiday season is an ideal time for companies to give back, and a great way to do this is through corporate donations. These donations will not only bring greater attention and awareness to your company and the products or services you provide, but can also offer a number of tax advantages as well. Here’s a look at how the act of giving back to the community can be performed in different ways:

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Do You Need To Switch A Salaried Employee To An Hourly Paid Position?

change employee to hourly paid

Nov 29th, 2016 by TRAXPayroll

The new overtime rule has resulted in many employers switching their employees from salary to hourly paid. While some employers believe that employees who perform certain duties are exempt, this is not necessarily the case. An employee is only exempt if they meet the guidelines which have been established by the FLSA.

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A Simple Guide To Understanding US Payroll Regulations

US payroll regulations

Nov 24th, 2016 by TRAXPayroll

While the United States has a multi-trillion dollar economy which provides significant opportunities to both local and international businesses, many companies make mistakes when it comes to interpreting US payroll regulations. This is understandable as these regulations can be quite complex. In addition to the federal laws regarding payroll, employers must also take into consideration state and municipal compliance. Below is a simple guide to interpreting American payroll regulation in a manner that will benefit businesses.

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Small Businesses Can Benefit From Tax Preparation Software

tax preparation software

Nov 22nd, 2016 by TRAXPayroll

While it is certainly possible to prepare your taxes manually, there are a number of advantages you’ll gain by using tax preparation software. If you’re a smaller business or sole proprietor, you’ll find that this software is sufficient to handle most, if not all, your tax needs. This will give you more time to focus on improving your business. Here are some of the key benefits you’ll gain by using such tax prep programs.

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5 Frequently Asked Questions About Small Business Taxation

small business taxation

Nov 17th, 2016 by TRAXPayroll

Small business owners who have recently established their company will have many questions regarding small business taxation, and rightly so. Making a mistake regarding taxes can lead to costly penalties that few small businesses can afford, so familiarizing yourself with the basics can go a long ways towards ensuring that everything is done by the book.

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