Many business owners will at some point begin thinking about their retirement and that of their employees. The best retirement plan is the 401(k), and the sooner you get started, the better. However, there are some essentials you’ll need to know in order to make the best use of it.
Once a business owner is ready to present the small business HRA to his employees, it is essential to explain the benefits of using it. They should understand that the change will not lower their health benefits, and will instead make them better. Below are some other things you should do.
Work life balance has become an important issue for many employees today. Employers have discovered that poor work life balance is a leading cause of stress and anxiety which erodes the productivity of the workers and in turn reduces the profitability of the company they work for. Companies which utilize tools such as TRAXTimeCard have been found to increase employee productivity while also helping them to achieve better work life balance.
Research has shown that as much as 5 percent of corporate revenue is lost each year due to payroll fraud. Whether you’re a startup company or Fortune 1000 firm, such losses can have devastating consequences to the long term success of the organization. Below are some techniques for eliminating fraud in payroll.
If you run a medium to large sized business there is a good chance you have an employee workforce which operates out of multiple states. In this case it can be challenging to provide them with medical insurance. Healthcare insurance solutions will often have requirements which are state specific, making it tough for employees that operate across state lines. The good news is that there are some options available.
The employee productivity level can make or break an organization. Perhaps the greatest challenge that employees face is the inevitable stress that they will encounter while on the job. Completing a challenging project by deadline or taking on new roles are common issues that workers in every industry will face at some point. Knowing how to deal with pressure and stress is the key to greater productivity.
Switching payroll providers can be a challenging process. It implies that you’re not satisfied with your existing provider and given the sensitive and complex nature of payroll this can cause significant distress. Below are some ways to properly select the right managed payroll vendor.
Payroll has become a source of stress and anxiety for many firms. This is largely due to the increase in litigation involving work time which is unpaid, with research showing that at least 90 percent of lawsuits filed within the United States involve hourly wages. While some companies choose to outsource payroll to third party firms, others are looking to managed payroll as a solution. Here are some of the most common questions involving it.
An interview is an opportunity for job seekers to make a good first impression, and if they don’t, it might be the only chance they’ll ever get. Below are three interview landmines that can ruin your chances of landing you that dream job.