Recent employee protests focused on increasing the minimum wage has sparked a growing trend in several states centered on increasing the minimum wage over the last several months. The minimum wage in a number of states in the U.S. has risen by as much as ninety cents, while the Federal minimum wage for federal workers […]
The holiday season is traditionally a time when many employers hand out cash bonuses, awards and non-monetary gifts to employees. If you are planning on gifting employees this year, make sure you are aware of all the tax implications when doing so. The Internal Revenue Service treats most cash gifts and awards as additional W-2 […]
For most businesses, workers’ compensation is an unavoidable expense. While workers’ comp laws vary from state to state, just about every state except Texas requires most businesses to provide workers’ compensation coverage for its employees. While the intent behind workers’ compensation is well-meaning — to ensure employees who get injured or sick on the job […]
Providing benefits to employees is optional for most small business owners. But there are advantages to offering a variety of benefits to your employees including reducing absenteeism, improving employee satisfaction, and retaining and attracting the best employees. Aside from the standard health care insurance policies, there are other types of policies that may be worth […]
Employees are feeling the pinch of the double-dip recession, putting in longer hours and skipping lunches. However all of these extra hours are not making employees more productive; instead they are worn out and disillusioned by the mounting work.
Are you sending your best employees to your competitors? In the average small business, six out of every ten employees are ready to take a job somewhere else. If you want to attract and retain the best talent to accelerate your company’s growth, you need a benefits package that stands out in your industry.
Companies are still suffering as a result of economic decline, struggling to bounce back from falling profit margins and many are looking inwardly at ways to streamline their businesses, cutting costs to protect their business through a difficult time.
Reviewing healthcare benefits packages can be as much fun for your employees as having elective root canal surgery. Let’s face it, the only time employees really show an interest in a benefits plan is when they are facing a major health crisis
There are many things that managers can do to retain their employees. If you read one of my earlier posts on low cost/ no cost ways to retain employees, you know that you don’t need a large budget to show your employees that you appreciate them by offering a variety of employee perks.