You may have heard how much small businesses benefit the general economy by providing jobs for more than half of all Americans. However, it would be a mistake to assume that the benefits of small businesses end there. From bringing communities together to offering more unique products than you might find at your local big…
According to the results of a recent Gallup poll, the number one reason that people resign from their jobs is that they feel unappreciated. This ranks over several other common struggles that people have at work such as conflicts with family responsibilities and not getting along well with their boss. The poll also states that…
The United States Department of Labor created the Fair Labor Standards Act (FLSA) to help regulate issues that arise between employer and employee. One of these is a tax deduction to offset the cost of employee uniforms. Because the FLSA considers uniforms a primary benefit to the employer, it doesn’t allow businesses to include the…
While employee turnover is a reality in your life as a business owner, it’s still costly and disruptive. You must spend time and money recruiting, hiring, and training a replacement while your current employees potentially take on a larger workload until the new hire is up to speed. Identifying your company’s weak spots and developing…
Although most companies have a vacation sick leave policy, employees sometimes feel confused about the difference between these two types of paid time off. In general terms, an employee uses sick time when ill or to care for a family member who is ill and vacation time for planned time away from work for any…
When choosing new HR technology for your company, it’s essential to keep both the candidate and employee experience in mind. The Internet has given both groups the power to share their experiences with your company, both good and bad, in a real-time setting. With this in mind, your human resources department should consider shifting the…
The payroll process involves much more than just adding up an employee’s work hours and determining the amount of his or her paycheck for the period. You must also withhold payroll taxes along with any voluntary withholdings the employee authorizes such as premiums for health insurance. Additionally, the Internal Revenue Service (IRS) and state governments…
Calculating the deductions from each employee’s monthly wages is not as straightforward as it might seem. It requires extreme accuracy and attention to detail to perform correctly. Unfortunately, the Internal Revenue Service (IRS) has little tolerance for mistakes and could penalize your company with significant fines for reporting incorrect information or failing to make timely…
Human resources departments have always been important to businesses. However, the current focus on creating a healthy and collaborative company culture has made their role even more important. The benefits a company can offer prospective employees have a greater bearing on the company’s future than they ever have before. The rising cost of healthcare and…
Running a small business requires you to take on many different roles. One day you’re focused on marketing, another day on resolving customer service issues, and yet another day on ordering inventory and supplies. It seems there just aren’t enough hours in the day to deal with payroll as well, but you will have some…
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