According to a report by the International Foundation of Employee Benefit Plans, just 19 percent of employers say their employees had a “high level of understanding of their benefits.” The report cites three main reasons for this: Employees don’t open or read the materials. Employees don’t understand the materials. Employees don’t see the value in … Read more
Many businesses are struggling with a worker shortage. It is happening across the board: staff shortages at our doctors’ offices, at child care centers and at the restaurants we frequent. Businesses, their employees and their customers and clients all are unhappy and trying hard to find solutions. Here are seven things businesses can focus on … Read more
Employer coverage – Is your business covered by the Family and Medical Leave Act (FMLA)? You must adhere to the FMLA if you employ at least 50 employees in 20 or more workweeks in the current or prior calendar year. The employees must also meet certain eligibility rules. Notice requirements – Is the FMLA poster … Read more
A 2020 report by Ernst & Young says on-demand pay is “the term used to describe a category of financial products that give employees the ability to draw on their accrued wages before payday.” The Case for On-Demand Pay In 2017, CareerBuilder reported that a staggering 78% of U.S. workers live paycheck to paycheck. Since … Read more
How much money is lost when you leave a position vacant? There’s a financial impact to keeping a role open. Efficient, productive firms have talent acquisition and retention plans to quickly fill the pipeline with great candidates. Without those processes in place, however, recruiting, screening and acquiring new staff can be costly and time-consuming. The … Read more
The workplace of the future is no longer abstract. It is a reality, but a reality that is different for each business. Every workplace has changed since March 2020, although no two have changed in exactly the same way. However, there is one common theme: Most companies now rely more on technology to increase workplace … Read more
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs and values. Now, the onus is on employers to provide an environment that makes their star team members … Read more
In Bloomberg Tax & Accounting’s 2019 Payroll Benchmarks Survey, 69.2% of respondents said they used outside vendors to perform payroll functions, while only 30.8% said they did not outsource payroll. Let’s look at the practical and financial reasons so many companies are taking the payroll outsourcing plunge. Payroll compliance Payroll laws are numerous in scope, … Read more
Studies show that the vast majority of employers use payroll software, which saves time by automating manual processes and decreasing administrative labor. The software calculates gross-to-net wages and enables direct deposit payments. However, there’s more to payroll than paying wages. To meet your other payroll needs, the software must have five important attributes: integration, self-service, tax … Read more
The Equal Employment Opportunity Commission has updated its guidance on workplace COVID-19 vaccine policies. The agency’s original guidance, issued in December 2020, addressed COVID-19 vaccine mandates, discussing COVID-19 diagnosis or vaccination status with employees, and handling reasonable accommodation requests from employees. The EEOC’s updated guidance clarifies whether employers can mandate COVID-19 vaccinations and offer incentives … Read more
