While finding the best healthcare insurance plan for your workers can be tough, it has become a lot easier. The Affordable Care Act provides more options for employers, which makes it easier for them to find a plan that suits their needs. Below are some options to consider when searching for the most optimal employee healthcare plan.
The Small Business Healthcare Relief Act, or SBHRA, is a bipartisan plan which will allow small businesses to utilize Health Reimbursement Arrangements (HRA) to help their workers with out of pocket costs for healthcare and insurance. It was first proposed in June of 2015 and has numerous co-sponsors in the Senate and House. Below are some additional details regarding this plan:
Workplace trends can have a significant impact on office life. While in the past, many large corporations served as industry trendsetters, a growing number of smaller enterprises are making their mark in recent years. 2016 is the year in which more changes will become visible in the workplace, and it can be helpful for both employees and their employers to become familiar with them.
The introduction of software solutions which are cloud based has led to the term SaaS, which stands for Software as a Service. While more people are becoming familiar with cloud computing, SaaS is a distinct concept which is an extension of it.
There are a number of obvious reasons why employers should track the amount of time their employees spend at work. In addition to payroll, which requires the employer to know the specific amount of time spent working, it is also important determine which employees are wasting time or working in a remote area. A great way to accomplish this is through the implementation of a time & labor management system. Some employers may be reluctant to invest in such a time tracking system, but below are a list of reasons they should:
Benefits play a crucial role in employee compensation, and workers would be wise to pay more attention to them. Research shows that many workers spend less than a half an hour selecting their benefits, while others select the same choices each year despite various changes in their lives. Many employees don’t take their benefits as seriously as their paycheck because the benefits don’t affect them immediately. However, employees who familiarize themselves with open enrollment can save over $700 per year by avoiding the mistakes of those who are not familiar with the process.
Employees love benefits, and they are one of the key factors which will attract candidates to an organization. While many employers feel that benefits always come at a cost to the company, there are some that can actually save the business a lot of cash. Understanding employee benefits and how to use them is the key to success, and below are some ideas that you may want to consider.
While the implementation of Human Resources can be major step for most small businesses, it can reap handsome rewards if done properly. HR performs a number of crucial functions, including the recruitment of new staff, helping business owners avoid legal problems, and enhancing employee retention. Whether you intend to develop an in-house HR department or outsource, below are some ways HR can make your organization a more productive one.
Many companies regularly conduct performance reviews of their employees. These meetings are designed to evaluate the performance of the worker, generally over the course of 6 to 12 months. While the goal of such reviews is to increase employee collaboration and performance, some have raised questions as to the effectiveness of this procedure. Many critics point out that performance reviews deal with things that have already occurred, sometimes weeks or months in the past, and they may not necessarily increase productivity. Below are some alternatives.
Research conducted on American workers indicates that only about 50 percent have a small business 401(k) plan. Many companies are reluctant to offer such plans because they are costly and involve extensive government regulation. However, there are a number of advantages to be gained from offering these retirement packages, and small business owner should take these factors into consideration.