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When Must You Offer A Paid Internship?

Interns Getting Paid

Feb 25th, 2016 by TRAXPayroll

A paid internship is often a win-win situation for both parties. The intern gets the work experience which will help them find a job after graduation, and the institution they work for gets the help it needs. It also gives companies an opportunity to scout promising talent. However, one question that many institutions ask themselves is whether or not interns should be paid, and if so, when? The answer to this question is important, as it has legal ramifications.

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5 Unconventional Employee Benefits

Employee Benefits That Are Unique

Feb 23rd, 2016 by TRAXPayroll

A common problem that many small businesses experience is a high employee turnover rate. One way to avoid this is to provide employee benefits that give them an incentive to stick around. Think about using unconventional benefits, as the standard employee benefits which have been used for decades are no longer enough to attract and maintain the best talent. Below are some unconventional ideas that will help your company in retaining worthy employees:

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Small Business Payroll Software Tips

Payroll Software for Small Businesses

Feb 18th, 2016 by TRAXPayroll

The proper management of finances is one of the most important aspects of running a small business. This is especially true when it comes to payroll, which affects all members of the company. When considering small business payroll software, business owners must consider their needs versus the various options and features that the software offers.

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The Advantages Of Online Benefits Administration

Administering employees benefits through online means

Feb 16th, 2016 by TRAXPayroll

Benefits administration has always been a hassle for human resources. It is a challenging task that requires great attention to detail and HR staff must correctly handle and manage large amounts of paperwork and files. Any mistakes which are made can lead to serious problems. However, performing the task online has made things much smoother and more efficient. There are a number of reasons for this, and HR professionals should consider a switch to administering benefits online if their current system is not working as well as it should be.

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The Different Types Of Healthcare Benefits For Small Business Employees

different types of healthcare benefits

Feb 11th, 2016 by TRAXPayroll

Changes in healthcare laws have prompted many small businesses to look for new ways to provide health insurance for their workers without incurring high costs. Offering healthcare benefits can be a great way for a business to retain its most valuable workers, especially when larger enterprises are following a similar path. However, before establishing a health insurance plan, it is important to review the different options which are available.

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Growing Your Business With Freelancers

grow business with freelancers

Feb 9th, 2016 by TRAXPayroll

Many companies turn to freelance workers, especially during peak seasons such as the holidays. They can save money which can be used to recruit more employees once a portfolio of customers has been established. However, incorporating freelancers into your organization requires procedures which are distinct from those that are used to hire employees. Your goal is to ensure that your interests are served from the relationship, the roles between you and the freelancer are clarified, and that taxes and other legalities regarding the contractor are met.

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How Protected Is Your Payroll Data And Information?

payroll data and information being protected

Feb 4th, 2016 by TRAXPayroll

Protecting payroll data has always been important, but changes in technology have made it more so. While there are a number of online safety measures which have been developed, one of the greatest threats that employers face today are data breaches. However, the danger doesn’t end there.

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Is A 30-Hour Work Week Right For Your Small Business?

Employee working over 30 hours a week

Feb 2nd, 2016 by TRAXPayroll

A growing trend among businesses involves reducing the work week from forty to thirty hours. There are a number of factors which is contributing to this change, but many small business owners wander if reducing the work week will help or harm their business. There are both advantages and disadvantages to reducing the number of hours employees work, and it is important for business owners to weigh them carefully.

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Should I Hire Employees As 1099 Or W2?

hire employee as 1099 or W2

Jan 28th, 2016 by TRAXPayroll

Most businesses want to be flexible when it comes to who they hire. In addition to employees, they may also hire independent contractors for various tasks. However, some business owners are concerned about the consequences of having too many 1099 employees, and want to know the advantages of hiring them versus W2 employees.

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Understanding Guidelines For Employee Breaks

employee taking a break

Jan 26th, 2016 by TRAXPayroll

The majority of employers provide their employees with rest breaks, and in some cases, employees are paid during them. However, while this practice may be common, it is not always required. A federal law called the FLSA, or Fair Labor Standards Act, has established that employers are not responsible for providing rest breaks or meals to their workers. At the same time, states have their own laws, some of which are opposed to FLSA.

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