Tue.Sep 06, 2022

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Is Paying Employees Cash Under the Table Legal?

Patriot Software

Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes. Paying employees cash under the table, or off the record, means you fail to pay and report taxes. Learn whether cash under […] READ MORE.

Taxes 105
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What is the Contingency Theory of Leadership and How Does it Work?

BetterUp

Jump to section. What is the contingency theory of leadership? What does the contingency theory of leadership focus on? Why is contingency theory important in leadership? 2 examples of contingency leadership theory in action. Looking at the models of the contingency theory at work. How to apply the contingency theory of leadership at work.

IT 98
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Information Returns Your Small Business May Need to File

Patriot Software

Every small business makes payments to operate. Some of these payments must be reported to the IRS or Social Security Administration (SSA). Companies must use information returns to report qualifying payments. Do you need to file an information return? Learn what information returns are, which common forms small businesses might need to file, and how […] READ MORE.

Payroll 90
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How Does the FMLA Apply to a Remote Workforce?

McDermott Will & Emery Employee Benefits

The Family and Medical Leave Act (FMLA) was enacted in 1993, a year when the idea of working a corporate job from a living room was rare. When the law was passed, the FMLA didn’t contemplate a remote workforce. Now, and especially post-pandemic, many companies are embracing a fully remote workforce (e.g., sales representatives, healthcare […].

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An HR Leaders Guide: 7 Questions To Ask When Developing Your Cancer Strategy

As HR and Benefits leaders are in the midst of evaluating cancer care solutions and designing their requirements for vendors, it’s key to know what questions to ask to ensure the development of a truly comprehensive strategy: from prevention to diagnosis to treatment to survivorship. Getting to the right answers starts with asking the right questions: How can better access improve engagement?

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Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

Patriot Software

It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks. This article provides an overview of employment taxes […] READ MORE.

Taxes 89

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Use Our Ultimate Checklist to Hire Your First Employee

Patriot Software

Hiring your first employee is exhilarating. Instead of remaining buried by your business responsibilities, you can bring employees on board to alleviate some of your stress. But for many, the endless information about becoming an employer can be overwhelming. Every small business owner starts their employer journey by hiring their first employee. To get through […] READ MORE.

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Is there such a thing as acceptable attrition?

LACE Partners

Aaron and Chris talk about the idea that the word ‘attrition’ isn’t a dirty one and that there is such a thing as ‘acceptable’ attrition in a business, as it encourages renewal, growth and development of any business. This sixty second video gives you a quick snapshot, but we’ve also produced a blog on the subject, which you can view here.

IT 73
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Form 943: What to Know About Agricultural Withholding

Patriot Software

Various types of employers must withhold taxes from employees’ wages, including employers hiring farm workers. If you are an agricultural employer, you likely withhold taxes from your employees’ pay. And, you are responsible for reporting wages on IRS Form 943. So, what is Form 943? What is Form 943? Form 943, Employer’s Annual Federal Tax […] READ MORE.

Taxes 86
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How to Answer ‘Describe a Challenge or Conflict You Overcame’

HR Digest

“Describe a challenge or conflict you overcame?” OR “Tell me about a team project when you had to work with someone difficult.” OR “How do you handle conflict?” OR “Tell me about a challenge you had to overcome in the workplace? There is a great deal of variations on the theme of conflict resolution in the workplace that may come up in a job interview.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Whether you already have a compensation strategy in place or you’re building one from scratch, this guide will help you level up your approach through these 6 steps: 1.

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What to Know About Form 941 Reconciliation

Patriot Software

As a small business owner, you have likely heard of IRS Form 941. If you file IRS Form 941, do you know the steps you must follow for Form 941 reconciliation? Find out how to reconcile Form 941 and why reconciliation is important for your small business. What is Form 941? You must know what […] READ MORE.

Payroll 81
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10 Best Work-From-Home Jobs for Moms

BetterUp

Jump to section. Remote work: The ultimate ally. 10 best work-from-home jobs for moms. The downsides of working from home. How to job hunt as a mom. When’s the best time to return to work after becoming a mom? Don't hesitate to ask for help.

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Which Taxes Have a Wage Base?

Patriot Software

If you’re an employer, you likely know that withholding, contributing, and remitting employment taxes is essential to running legal and accurate payrolls. Before calculating how much to withhold and contribute, you need to know about the tax wage base. Some taxes have a wage base while others do not. To avoid overwithholding and overpaying taxes, […] READ MORE.

Taxes 75
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White House Spotlights Independent Contractors in Labor Policy

BerniePortal

With inflation soaring and cost of living on the rise across the nation, the White House is taking steps to support parts of the labor market that might be disproportionately affected by these economic changes. One of these steps involves how companies classify and treat independent contractors, whose work is becoming increasingly crucial in the gig economy.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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What Does Direct Compensation Include?

Patriot Software

As an employer, you may give employees several types of compensation, including direct compensation. So, what’s direct compensation? And, what are the different types? What is direct compensation? Direct compensation is the monetary benefit a business offers its employees in return for their service. This includes an employee’s base pay (hourly wage or annual salary), […] READ MORE.

Salary 73
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Biden Extends Student Debt Relief: What Employers Need to Know

BerniePortal

The current labor market is tighter than ever thanks to the pandemic and the Great Resignation. As a result, employers have continued searching for creative strategies that will give them the edge when it comes to recruiting and retaining top talent. One idea that’s been gaining traction is offering student loan debt relief as part of an employee benefits package.

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The Pros and Cons of Hiring Seasonal Employees for Your Small Business

Patriot Software

Some small businesses only operate during parts of the year, such as snow plow and lawn care services. These types of businesses are usually considered seasonal employers. The idea of hiring seasonal employees may sound appealing. But, you should weigh your pros and cons before becoming a seasonal employer. Have seasonal employees? Streamline your payroll […] READ MORE.

Payroll 70
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How Performance Appraisals Can Help Retain Employees

BerniePortal

According to research by McKinsey & Company , the top reason employees quit their jobs from April 2021 to April 2022 was a lack of career development and growth. Due to a high quitting rate, many organizations are getting creative in retaining their employees, from extra benefits and signing bonuses to flexible work schedules. With career development and growth being the top reason employees quit, the question arises—is the key to retention going back to the basics with employee performance

Bonuses 52
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Employer Insights Report 2024: The State of Cancer

96% of benefits leaders agree: detecting cancer early is the best way to get ahead of rising costs and improve employee health outcomes. So why is it that 82% of employers currently spend significantly more on post-diagnosis care and disease management rather than upstream care? A new survey of 250 benefits leaders who oversee 500 to 50,000 covered lives highlights their perspective on cancer and its burden.

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How to Handle the Death of an Employee in Your Small Business

Patriot Software

An employee’s death can be sudden and unexpected. But, you can’t be caught unaware by your employer responsibilities for handling the death of an employee. Although a difficult topic, you must know what to do when an employee dies. From notifying your staff to paying out deceased employee wages, you can’t neglect your duties. Not […] READ MORE.

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How a Performance Review Template Improves the Feedback Process

BetterUp

What’s the culture around performance reviews at your organization? Are they scary? Welcome? Just something that needs to be done? Does your team look forward to them, or groan that it’s “that time of the year again?”.

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How inflation affects pay raises

Business Management Daily

If you work a job long enough, you eventually come to expect a salary increase, just as most companies expect to give you one. But what happens when the raise you receive ends up leaving you with less money than you had before? How is that even possible? One word: inflation. According to the Bureau of Labor Statistics , 2022 saw a historic rise in cost of living items across the board.

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How to Offer Effective Financial Wellbeing Support to Your Teams

Sodexo Engage

Summary: How can employee financial wellbeing benefit your business? Is it more than just a good salary? What you can do to help. How to Offer Effective Financial Wellbeing Support to Your Teams. It’s no secret that we’re all feeling the pinch at the moment. The UK inflation rate, as measured by the Consumer Prices Index (CPI) rose to 9.4% in July 2022—a 40-year high.

Finance 52
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Bridging the Gap: The Intersection of DEI Initiatives and Employee Benefits

Speaker: Jaye Johnson, CBP

Unlock the secrets to transforming your organization’s employee benefits into a strategic tool for Diversity, Equity, and Inclusion (DEI). During this informative session, we will discuss common pitfalls in traditional benefits and then delve into the essence of DEI in employee-centric benefit offerings. This involves not only defining DEI in the workplace but also understanding the pivotal role that employee benefits play in fostering a diverse and inclusive environment.

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Atlas

HR Lineup

Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists. As the largest Direct Employer of Record (EOR), Atlas is a technology platform that is supported by experts and delivers flexibility for companies to expand across borders, onboard talent, manage compliance, and pay their global workforce without the need for a local entity or multiple third-party providers.

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CVS to buy Signify Health in deal pushing beyond retail

Employee Benefit News

Retail 98
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How to Improve Remote Employee Productivity

Hppy

Since many businesses around the globe have resorted to a work-from-home policy, productivity has been the top concern. Working remotely for the first time has been a daunting task for most employees. For some, it has aided the work-life balance they long desired. But what measures can companies take to ensure remote employees are more productive? This article takes you through some of the best tips to improve employee productivity when working remotely. 1.

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Work stress is threatening to our health. Here's how I fight it

Employee Benefit News

IT 90
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The Employer’s Guide to Early Cancer Detection

A comprehensive early detection strategy for cancer is no longer a nice-to-have for employers; it’s a must. The reality is 1 in 2 women and 1 in 3 men will be diagnosed with cancer at some point in their lives, and the physical, emotional, and financial impact on both employees and employers is great. To help improve your employees’ health outcomes and reduce cancer-related costs, download The Employer’s Guide to Early Detection.