December 2016 Archives

Paid Time Off: Two Sides Of The Coin

advantages & disadvantages of paid time off

Dec 29th, 2016 by TRAXPayroll

There are a number of things to take into consideration when offering employees paid time off. At this time the federal government has no specific regulations which are related to it, and there are various ways in which it can be utilized. There are advantages and disadvantages to paid time off (PTO) and being able to weigh them is the key to using it most effectively.

Read More

Quick Tips For Achieving Work-Life Balance

work-life balance

Dec 27th, 2016 by TRAXPayroll

We often hear about addiction to alcohol or gambling, but less attention is paid to work addiction. While working hard is important, too much work can be detrimental to one’s health and the relationships they have with their loved ones. This is an issue for both employees and employers, and learning to maintain a healthybalance is extremely important. Here are some ways in which you can maintain better work-life balance to lead a more fulfilling life.

Read More

Tips For Managing Holiday Payroll

managing holiday payroll

Dec 22nd, 2016 by TRAXPayroll

The holidays are one of the busiest times of the year, especially for payroll personnel. Employees may be eligible for bonuses and overtime and additional HR staff may be necessary to ensure their holiday payroll is distributed accurately and on time. Here are some tips for doing that.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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:

Read More