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.
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.
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.
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.
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.
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:
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.
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.
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.
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.