There are many different types of health insurance plans businesses can offer to their employees. These plans are a great benefit to add for your employees, ultimately leading to higher employee retention rates. In this article, we will focus on one specific type of health insurance plan for small businesses.
As a business owner, HR director or office manager, you are bound to get asked question after question about your company’s policies and payroll practices. Continue reading to learn the important questions an employee will ask you and how you can answer them. What is the difference between gross and
Today, employees are seeking positions where work – life balance is a priority of the employer. Many businesses are having difficulty hiring and need to consider all options for recruitment and retainment. While not all companies can pay candidates top of market wages, offering stronger benefits can be one way
Offering an array of fringe benefits is one way for a business to stand out above the competition. With many businesses looking to hire, finding ways to attract and retain top talent remains a priority. One thing that a business could decide to offer its’ employees is what is known as on demand pay.
What is 401(k) profit sharing? Around the holidays, many businesses consider providing bonuses to their employees. Some businesses choose to provide their employees with a year-end bonus in a slightly more unique way than just a normal cash bonus. This is done through 401(k) profit sharing. Let\’s take a look
How to handle a bonus payroll Employers need any advantage available to them in order to attract and retain top talent. Above market wages and strong benefits are some of the top ways for businesses to stand out above the competition. Once a business is financial stable, providing bonuses to
What is a Section 127 plan? In today’s economy, all business owners are struggling with hiring and employee retention. Businesses are looking for and taking advantage of any tool available to them to acquire and retain top talent. One potential tool employers can take advantage of is student loan assistance
Eventually, almost all employers will need to provide reimbursement to an employee for a business expense. Employers need to know how to handle these reimbursements. One compliance challenge is whether or not a business needs to withhold proper payroll taxes on the expense. Let’s answer the question, are expense reimbursements
Many businesses offer a retirement plan as part of their employee benefits package. In fact, many states are beginning to set up state run retirement programs to allow employees that do not have access to a retirement vehicle the chance to begin investing in their future. While there is no
There are a number of different employee benefits. Businesses must know how they work and consider offering them to their employees. This will help in attracting and retaining strong employees. From retirement plans, to health insurance and even third party sick pay, all of these items make up a business’