Consider the Benefits of Flexible Hours

Offering workers the opportunity to have flexible hours gives your business an edge in recruitment, staying ahead of the competition. Flexible hours tend to vary by job requirement, how your business operates in its industry and workers’ preferences and needs. Service industries, such as retail, have schedules dependent on sales during operating hours, so flexibility […]
Welcome Aboard

The science of onboarding is much more elaborate today. It should not be confused with orientation, which is basically a crash course where you find out where the nearest restroom is and other essential information. Onboarding is an extended process that can last from about three months to a year and is intended to introduce […]
IRS Announces 401(k) and IRA Limits for New Year

The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That’s just the beginning: The IRS also has issued technical guidance regarding all the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items. Highlights of […]
The Annual Performance Review of Your Payroll Provider: A Small Business Imperative

Running a small business comes with its fair share of challenges, and one of the critical tasks that often goes under the radar is the annual performance review of your payroll provider. However, this seemingly mundane task is far from inconsequential. It can significantly impact your business’s financial health, compliance, and overall efficiency. In this […]
Compliance Risks with AI and Automated Employment Decision Tools

Lawmakers and regulators are increasingly scrutinizing whether AI hiring tools unintentionally perpetuate bias. While these tools can streamline hiring processes, they may pose a compliance risk if they discriminate against certain candidates. From basic computer screening to advanced AI, various tools are used to evaluate employment candidates. These include resume scanners, employee monitoring software, virtual […]
How To Create a Raise Policy

In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually, six months to a year. Top performers who consistently exceed expectations expect to be paid a salary that reflects their hard work and level of responsibility. You look to offer competitive compensation to retain your […]
When to Change an HR Policy

Human resources policies set the rules and guidelines for an organization’s workforce practices. These policies include: Workforce planning. Recruiting. Hiring. Training. Employee development. Compensation. Employee benefits. Performance management. Setting work schedules. Payroll. Employee relations. Health and safety. Organizational culture. HR technology. HR compliance. Employee retention. Such policies provide the HR department with an operational framework […]
Tools to Help Employees With Their Retirement Plans

Technology is transforming the retirement transition for everyone, including those without financial advisers. Digital tools are interactive experiences designed to engage users with a combination of personalization and gamification, making their retirement experience both real and relatable. DC retirement plans are meeting participants on their own ground, wherever they are in terms of life cycle, […]
Avoid 401(k) Compliance Mistakes

As an employer, one of your main goals should be keeping your employees happy. And you can keep your employees happy without losing favorable 401(k) tax benefits, paying penalties or facing liabilities. In the process, don’t forget to take the changes caused by the SECURE 2.0 Act into consideration, namely in terms of retirement savings […]
IRS Puts Brakes on ERC Processing

According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse, to protect businesses from predatory tactics. The pandemic-era relief program is a refundable tax credit designed for businesses that continued paying employees during the COVID-19 crisis. In a recent […]