Every year, the IRS takes a fresh look at 401(k) contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, … Read More
Can Employees Discuss Their Salaries at Work? To prevent this outcome, you might consider developing a policy that prohibits employees from discussing their pay with their co-workers. But before you do that, remember that you may run afoul of federal law.
Commuter benefits are fringe benefits that allow employees to set aside pretax money to pay for work-related transportation costs. Generally, for employees to use the benefit, their employer must set up a commuter, or transportation, benefits plan that meets the requirements of Section 132(f) of the Internal Revenue Code.
Smart companies are always taking a fresh look at the employee benefits they’re offering. Here is what employee perks are trending – and what you might want to consider adding to your company’s benefits package. … Read More
In 2018, the Department of Labor issued an opinion letter in response to a query regarding whether certain lump-sum payments are considered earnings under Title III of the Consumer Credit Protection Act, which limits the … Read More
You’re doing everything possible to keep your business moving forward. Does interviewing, hiring, and recruiting top talent always get put off? Using temporary or temp-to-hire positions has a number of benefits. You can test the … Read More
With the flattening of organizational layers, there are now fewer options for growing by moving up. Conversely, clients now expect their first point of contact to handle a broader set of requests. New avenues for professional … Read More
Do you wonder how best to compensate employees for good work? Determining the appropriate amount for a raise is actually trickier than people realize. Consider employee morale, employee performance, and market averages. To get a … Read More
There is no legal requirement to offer severance. Companies often provide it after an employee is terminated. In general, the amount is based on length of employment. You may decide to offer a week’s pay … Read More
How do you approach your day to be more productive? Do you catch yourself looking at the clock rather than focusing on what you’re getting done? When you put in less than eight or 10 … Read More
What is company culture, and does your company have one? Company culture is defined by a number of aspects, including leadership and employee behaviors. Other aspects, according to William Craig (a contributing writer to Forbes), … Read More
Whether working from home is good or bad for your employees or your business is a very individual decision. But one thing is for certain: It’s becoming an increasingly popular option. Some employees excel when … Read More