One valuable recruiting and retention tool is an employer sponsored qualified retirement plan. However, they also bring their fair share of administrative responsibilities. Obtaining an independent audit of the plan’s
One of the most difficult tasks for supervisors can be confrontation. Understandably, many small and midsize employers hesitate to act when an employee’s performance slips. Replacing employees can be costly
If you operate as an S corporation, understanding reasonable compensation is essential for staying IRS compliant and avoiding payroll tax issues. S corps offer tax savings through salary vs. distributions,
Looking beyond offering the standard health insurance and retirement plan is a great start to building a completive benefits package as an employer. Long-term care (LTC) insurance is one option
Employee stock purchase plans (ESPP) are a great attention-grabbing compensation benefit for your business. Computershare, a global financial services company, found in a recent survey of about 600 business leaders
Due to changes in federal retirement law, annuities as a benefit have recently gained attention. However, their use in workplace plans remains limited. The Plan Sponsor Council of America published
In January, Gallup published a survey stating that only 30% of supervisors that responded were placed in their roles due to their skills or experience in supervising. The survey also
Wage garnishments can be one of the more complex areas of payroll, with different rules, calculation methods, and compliance requirements depending on the situation. For employers, understanding how garnishments work
Remote and hybrid work have become a permanent part of the modern workforce. Many businesses are now hiring remote employees across state lines or allowing existing employees to relocate while
Employee benefits can quickly become outdated as tax laws change, new guidance is issued, and workforce needs evolve. If your organization sponsors a cafeteria plan, regular reviews are essential to
