Employee morale may seem to be an intangible quality, but it can have an effect on profits and productivity, both of which are measurable. In fact, lost productivity from disengaged employees costs the American economy hundreds of billions of dollars a year due to factors like increased absenteeism and more frequent illness. Keeping...
When your new business takes off, it's an exciting time, yet your responsibilities continue to increase, even as you hire new people to handle certain tasks. In any business, human resources (HR) tasks can demand a lot of time and attention. You have to ensure your payroll, taxes, and benefits...
The company HR department deals with everything and anything that has to do with people within a company, from payroll and workers’ compensation benefits to employee benefits. Companies handling all these responsibilities on their own often find they spend more money to hire additional employees to handle the workload. Plus,...
Most companies have an idea what big data is, but haven't yet learned to tap its full potential. Current business intelligence (BI) practices are time-and-labor intensive, and can't deliver predictive results. BI mainly consists of after-the-fact analysis that produces weekly reports, end-of-the-month summaries, and fiscal year-end data sheets. By hiring...
Payroll processes have changed over the years but the responsibilities related to the accuracy of these processes should not be understated. Companies must ensure they are in compliance with all rules and regulations, and required official procedures that cover everything from employee benefits to state and federal taxes. It's not...
If you are considering working with a Professional Employer Organization (PEO) to take over many of the labor-intensive human resources tasks necessary to run your business, you may wonder what to expect. You can expect lower costs, lower risks, and increased confidence in knowing that payroll, taxes, workers' compensation, and any...
If your professional employer organization (PEO) or payroll contract is up for renewal at the end of the year, it may be time to decide which direction you want to go next. Should you continue using the services of your current PEO, switch to a different company, or begin doing...
Are You Up-To-Date On Filing Payroll Taxes? If Not, Be Forewarned of the Steep Consequences Federal tax authorities take withholding and remission of payroll taxes from employee paychecks very seriously. Business owners occasionally attempt to forestall business failure by using money withheld from employee wages for federal income and employment taxes...
In the game of recruitment, one should never judge a book by its cover. This is certainly true when making hiring decisions based on how well a candidate presents himself or herself during the interview process. Despite how stellar someone looks on a resume, how professional a candidate appears, and...
According to recent sources, workers’ comp reform in Florida and New York are getting much needed attention as lawmakers are pushing for increased legislation to control costs this year. For the thousands of employers who call New York and Florida home, this is welcomed news. Workers’ compensation claims have steadily...
