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…
Human resources departments exist to help meet the needs of people both before and after they become employees of a company. Unfortunately, those working in this department often have little time left to assist potential and current employees because they spend most of their time completing paperwork. This leaves many businesses looking for ways to…
Maybe you skipped out on using content marketing for recruiting because you didn’t think that it applied. However, your company can benefit from a strong content marketing campaign to hire the best of the best. In fact, companies from all industries enjoy a 600 percent greater conversion rate using content marketing than those than don’t. …
Late payments can occur any time of year, but they seem to be more common during the final few months. While many companies see more business over the holiday season than they do during other months, they also struggle with timely payment problems. This can quickly escalate into cash flow problems. When your company doesn’t…
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