Simple payroll errors are avoidable, but if you don’t pay attention, you could end up facing consequences that cost thousands of dollars in compliance penalties. Not only that but you might have to deal with unwanted attention on both you and your payroll department. To mitigate the risks and minimize unfavorable outcomes, pay attention to […]
Payroll: Deadlines Are Key Read More »
Gen Z is a generation like no other, and in order to maintain your business, you’ll need to think about how you can accommodate the up-and-coming workforce.How does Gen Z feel about work? Surveys have found that 54% of Gen Zers are often disengaged at work. Meanwhile, 68% of Gen Z workers feel stressed out,
5 Tips for Attracting, Engaging and Retaining Gen Z Read More »
How would you define an engaged workforce? You might say it’s an environment where everyone involved feels valued and supported.Workplace engagement is a crucial aspect of business success. In fact, it’s so imperative that employee engagement has been shown to affect metrics like productivity, retention, and customer service. However, unfortunately, recent statistics indicate that only
The Importance of Offering an Employee Satisfaction Survey Read More »
First quiet quitting, now quiet vacationing. What is going on? This is a good question with complicated answers. Quiet vacationing, also called stealth paid time off, is the practice of taking time off without formally requesting it or notifying your employer. It’s a post-pandemic development, so to understand it, we need to recognize that the
Quiet Vacationing: A Question of Company Culture Read More »
Are you familiar with the requirements for retaining employee payroll records? Let’s start by reviewing what federal law requires you to retain: Each employee’s personal information, including their full legal name, Social Security number, contact information, emergency contacts and occupation, needs to be kept. If you offer benefit plans, the benefits enrollment data should also
Retaining Payroll Records Read More »
Are you aware of just how important it is to properly classify those who work for you? It’s crucial that you accurately classify them. Otherwise, you could face serious consequences from the IRS! Even deeper than that, the reclassification process is a bit complex. You can’t simply decide to reclassify an employee as a freelancer
The Fine Lines Between Employee and Freelancer Read More »
Many employees dash off emails with little attention paid to them. As a manager, you can help focus and train your team on some techniques for effective messaging. Hitting the right note Tone is flavor. It can make all the difference in motivating the reader, strengthening relationships and boosting morale or engagement. It is especially
How To Set the Tone for Office Communications Read More »
A recent survey reported that 80% of respondents had at least some level of financial stress; 27% reported high or overwhelming stress. A second survey found that 72% of Americans live from paycheck to paycheck, which means they sometimes have difficulty paying their basic expenses. Surprisingly, a recent survey found that nearly half (49%) of
Offering Financial Wellness Programs to Employees Read More »
You may be hearing lots of talk about the importance of being a good strategic leader. However, if you scratch below the surface, it turns out that the traits that make a good strategic leader are the same time-tested abilities leaders have always needed. Let’s explore what these are. Leaders look for trends and opportunities.
Are You a Strategic Leader? Read More »
The SECURE 2.0 Act aims to expand the ease of saving for retirement, to simplify the management of retirement plans, and in general to improve financial security for American workers and retirees. The updated law includes new options for 401(k) and 403(b) employer contributions, adjustments to required minimum distribution age for IRAs, and increased catch-up
Employers’ Responsibilities Under the SECURE 2.0 Act Read More »
