It has been said that up to 8 billion dollars a day may be lost in untracked work hours, affecting the US economy and having a very real impact upon individual businesses, big and small. Time is as important an element of business as any other, but it can be challenging to encourage employees to […]
Changes To Retirement Accounts For 2020
Right at the end of 2019, the US Senate passed a $1.4 trillion dollar spending deal that included new retirement legislation known as the SECURE Act. Affecting many aspects of retirement, the new law may have direct implications for the middle class and their beneficiaries. For those who may be approaching retirement, or are considering […]
Can Outsourcing Payroll Ever Be Cost Effective?
The short answer to this question will always be a definitive, yes, but let’s look at the benefits of outsourcing payroll in a little more detail, and as a small business owner, you can make an informed decision as to whether you should choose to outsource this vital element of your company: If your company has expanded […]
What Are The Consequences Of Not Having Workers Compensation?
If you’re the owner of a business – large, medium or small – and you haven’t purchased workers compensation insurance, you could get into some real hot water. While you might think that you can save money by not buying it, chances are you could end up incurring some hefty penalties or even be looking […]
How To Avoid Payroll Leakage
As a business owner, how often do you review your bonus and overtime pay programs? While these may be expected expenses, they are often the source of payroll leakage that unless examined regularly, can lead to a loss in revenue and productivity. What businesses are susceptible to payroll leakage? Organizations that have fallen behind where […]
Should You Offer Your Employees An EAP?
Employee Assistance Programs, or EAP’s, are confidential workplace services paid for by employers that help their staff deal with a variety of stressors that may affect their daily performance and/or physical and mental wellbeing. Problems within the family, worries about money or relationship struggles can all have a detrimental effect upon employees and their ability […]