Mon.Oct 17, 2022

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There’s More to the Cost of Firing an Employee Than Meets the Eye

Patriot Software

Losing employees can be devastating for your small business. Employee turnover can drain workplace morale and cost you time and money finding replacements. What’s even worse is having to fire an employee. Read on to find out the cost of firing an employee. Firing an employee Sometimes, you might have to fire someone. Though no […] READ MORE.

Payroll 73
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Top 10 causes of stress at work (and what you can do about them)

Business Management Daily

We all have to contend with workplace stress, and according to the evidence — it’s at an all-time high right now. The proof? 83% of workers in the US now suffer from work-related stress, and businesses regularly lose up to $300 billion annually due to its negative effect on productivity. When stress levels become too high, it can impact an employee’s physical and mental health in several detrimental ways.

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Who Pays Unemployment Tax?

Patriot Software

When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.

Taxes 104
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Performance Management Software: The Best Tips To Drive Engagement And Productivity of Your Business

Qandle

Implementing these performance management tools is a certain way to increase productivity, employee engagement, and overall performance. The HR industry is dynamic and ever-changing. As a result of this adaptability, HR procedures may finally have a meaningful impact on workers. The processes and systems we implement as HR professionals have a significant impact on employees’ work-life balance, happiness, and productivity.

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The Ultimate Performance Review Checklist

Performance reviews are a proactive way to engage with your employees, provide clear communication about expectations, and acknowledge them for their hard work. But getting the right framework and creating consistency across your organization can be tricky. We put together this checklist to help you evaluate your current performance review process and equip managers with the right tools to perform individual assessments.

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7 Great Ideas To Celebrate Your Business Anniversary

Vantage Circle

The word anniversary means "returning yearly" and originated from the Latin term "anniversaries." These yearly celebrations are not just meant to remember personal moments of life but also to celebrate successful years in business. Let's see what makes business anniversaries so special and worth celebrating. Why Is Business Anniversary Worth Celebrating?

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Understanding Employee Spotlight With Examples And Use Of Digital Platforms

Vantage Circle

Working in human resources, people realize employees are the most valuable assets to a company. And to make them feel appreciated, the employee spotlight is a fantastic tool that fosters a positive workplace culture, increases employee retention , and nurtures value for work. This blog is an overview of all you should know about employee spotlights.

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42 Years in the Making: PBGC Proposes Regulation on Interest Rate for Withdrawal Liability Calculations

Proskauer's Employee Benefits & Executive Compensa

A hotly debated (and litigated) issue for multiemployer pension plans in recent years has been the appropriate interest rate to determine a multiemployer pension plan’s liabilities when calculating the plan’s underfunding for withdrawal liability purposes. The Pension Benefit Guaranty Corporation (the “PBGC”) is now poised to end the debate. The PBGC proposes to allow multiemployer pension plans to use any interest rate for withdrawal liability calculations as long as it is not below the PBGC’

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9 Terrific Ways To Increase Employee Engagement For Small Businesses In 2022

Vantage Circle

Over the past few decades, employee engagement has taken center stage by becoming a top priority for global organizations. But what often goes unnoticed (and unsaid) is how impactful employee engagement can be for small companies that are looking to retain their human capital, especially in this economy. But first: What Is Employee Engagement? Although the term " employee engagement " may appear ambiguous, it truly refers to doing things that make an employee feel happy, fulfilled, and s

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Roth 401(k) vs. Roth IRA: What Is the Difference?

Patriot Software

Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Maybe you are considering establishing a Roth, or post-tax contribution, retirement plan. What is the difference between Roth IRA […] READ MORE.

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Want To Enhance Your Total Rewards To Achieve Organizational Success? Start Here.

Are you looking for ways to enhance your employee value proposition? Gallagher Better Works SM Insights has got you covered! Dive into the latest magazine issue and discover how flexibility, equity, recognition and strategically applied resources can improve your total rewards package. Download the PDF to learn more about: Building retirement benefits for a global and mobile workforce Promoting employee and organizational growth through succession planning Empowering women in leadership through

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HR OKRs: All You Need to Know

HR Lineup

The Human Resource department is constantly under pressure to ensure employees have the best experience and improve their performance. For instance, HR professionals should ensure the business culture is maintained by sourcing and hiring the right candidates. In addition, they should treat employees as valuable resources, offer the best working environment to keep them comfortable and satisfied, and come up with a performance management system that encourages collaborative teamwork to achieve al

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What You Need to Know About a Conflict of Interest in the Workplace

Patriot Software

Many different issues can come up in business. At some point, there might be a conflict of interest in the workplace. To ensure business operations run smoothly, you have to take action and do what’s best for your company. What is an employee conflict of interest? A conflict of interest in the workplace is […] READ MORE.

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How to Start Conversations With Strangers: Befriending Everyone

BetterUp

Jump to section. Getting the ball rolling. Keep the conversation going. Listen more than you talk.

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Should You Consider Opening a Payroll Account for Your Small Business?

Patriot Software

Keeping track of your expenses is part of being a business owner. You probably heard it said that you need a separate business bank account in addition to your personal bank account. But, you might not be familiar with a payroll account. What is a payroll account, and should you consider opening one for your […] READ MORE.

Payroll 79
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Fatigue Management in the Workplace: 4 Prevention Tactics

BetterUp

There was one point in my life when I was working three jobs while going to school.

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Equal Pay Laws by State

Patriot Software

There are many laws in the workplace that govern employers and employees. You need to be sure you are in compliance with federal and state laws at all times as a small business owner. One prominent issue today is equal pay between men and women. Federal law and equal pay laws by state aim to […] READ MORE.

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Weak Ties vs Strong Ties: Why They Both Matter

BetterUp

Jump to section. What are the types of ties? Should you focus on developing strong or weak ties? The strength of weak ties. Turn your weak connections into strong ones. All ties matter.

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Types of IRA Accounts You Might Be Considering

Patriot Software

As a small business owner, you might be confused by all the different small business retirement plan options out there. One retirement option you can offer is an individual retirement arrangement, or account (IRA). There are several types of IRA accounts you could consider. Different types of IRA accounts An individual retirement arrangement is an […] READ MORE.

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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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What To Say In An Exit Interview: 5 Do’s And Don’ts

HR Digest

Letting go of a job is not an easy task, but sometimes it’s inevitable. It could happen for various reasons as well. However, your employer might request that you have an exit interview before you leave. Most people are often puzzled about what to say in an exit interview or what answers to give to their bosses. The need for an exit interview is growing and employers have a better understanding of why performing one is so important.

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How to Pay Yourself from Your Business

Patriot Software

You know by now that running your own business doesn’t mean you sit around as stacks of cash come flooding into your office. Being a business owner means being busy nonstop to keep up with operations. Since running a business is your full-time job, you need to know how to pay yourself from your business. […] READ MORE.

Payroll 74
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The Top 9 Ways to Improve Employee Loyalty in 2022

Empuls

When the Proclaimers sing about a man walking 500 miles–and then 500 more–to collapse on the door of the woman he loves, they capture what it means to be deeply loyal. Employee loyalty is similar. Loyal employees are ready to go the extra mile or miles. They are deeply invested in a company’s mission and values and prepared to defend the company whether they’re on the clock or not.

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Handling Employees Who Want to Waive Coverage from Health Insurance

Patriot Software

Health insurance is a great benefit to offer employees. According to the Bureau of Labor Statistics (BLS), 71% of all private industry businesses offer health benefits. But, what happens when employees want to opt out of employer health insurance? They waive coverage. When an employee wants to waive coverage, you need to know what to […] READ MORE.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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What Is A Career Self-Assessment?

HR Digest

Have you ever felt dissatisfied with your career in the long run even though it looked like the best job ever? Well, most people can relate to this. The rate at which employees feel unhappy and less satisfied with their jobs is alarming and you might ask why. Here’s an answer; many people go into their current jobs without doing any self-assessment and determining if the job was truly for them.

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10 Great Ways to Motivate Employees

Patriot Software

You’re motivated about your business. You came up with the idea, started the company, made sales, and set small business milestones for the future. You have that passionate fire to keep your business alive and prospering. Your employees, on the other hand, might not have that same passion. Your employees might simply show up because […] READ MORE.

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What Is My Earning Potential? Determining the Right Salary

BetterUp

Jump to section. Earning potential 101. Determine your earning potential. Use these tools to calculate your earning potential. Consider these tips to increase your earning potential. Maximize your potential.

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What Is an ITIN?

Patriot Software

For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN? Types of Taxpayer Identification Numbers There are several types of […] READ MORE.

Taxes 71
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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.