The IRS has raised the contribution limit of FSAs for 2024 by $150 for these accounts. FSA participants can now contribute up to $3,200 through payroll deductions during the 2024 plan year. This is up from $3,050 in 2023. In some instances, the employer may also contribute to the employee’s account. Similarly, spouses of employees … Read more
Do you want to help your new employees have a positive experience, setting them up for long-term success? Employee onboarding is a comprehensive process that can last up to 12 months. How it’s handled is crucial to ensure high retention. In addition to sharing the job requirements and describing team dynamics, you can help new … 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 … 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 … Read more
Why isn’t it good enough to simply meet your forecast? Unless your company is doing absolutely everything right and there’s no room for improvement, why not try to exceed expectations? At some point, your company may face a rainy day. You may be convinced that your company is going to win a contract award and … Read more
Small businesses have different needs than individual investors, and banks have created a wide range of financial services and products to accommodate those needs. Consider these factors when choosing a business checking account to maximize one of your most frequently used financial tools. Considerations When Choosing a Business Checking Account Minimum balance Some business checking … Read more
Table of Contents Introduction Key Areas of HR Regulatory Compliance Hiring and Recruitment Wage and Hour Regulations Benefits Administration Workplace Safety and Health Recordkeeping and Reporting Staying Up-to-Date and Managing Compliance Trust BlueStone for Your Outsource HR Needs Key Takeaways Staying on top of HR regulations, laws and guidelines can be a daunting task for … Read more
Table of Contents Introduction Pre-Boarding Steps First Day Agenda Training and Development Plan Setting Clear Expectations and Goals Continuous Support and Feedback BlueStone Services Is Your Onboarding Partner An effective onboarding process goes beyond mere first impressions, setting the stage for long-term engagement, productivity, and employee retention. A thoughtfully designed onboarding experience conveys organizational values … Read more
Table of Contents Introduction Features of Modern Payroll Solutions Choosing the Right Payroll Provider BlueStone Is Here to Help Key Takeaways For both big companies and small businesses, efficient payroll management is the cornerstone of a successful business operation. It ensures that employees are paid accurately and on time, crucial for maintaining morale and trust … Read more
Since the Federal Trade Commission ‘s (FTC) January 2023 proposal to ban noncompete agreements, followed by its Final Rule approval on April 23, 2024, the landscape of restrictive covenants has shifted. WHAT HAPPENED The Final Rule, passed by a narrow margin of 3-2, bans new noncompete agreements for all workers except senior executives earning over … Read more
