As a small business owner, you’re constantly juggling various roles – from managing day-to-day operations to strategizing for future growth. Among these responsibilities, understanding and implementing the right healthcare benefits for your employees can often seem overwhelming. Yet, in today’s competitive market, offering the right benefits is more than just
For many business owners, labor costs will be the highest expense that they endure. Businesses cannot operate without employees, and those employees result in a large percentage of a business’ expenses. The cost of an employee is not just what you pay them hourly or weekly. There are so many
Employee benefits play a pivotal role in maintaining a strong workforce. While most companies offer conventional perks like paid time off, health insurance, and retirement plans, there are numerous innovative benefits that can set your business apart from the competition when it comes to attracting top talent and keeping your
Time off plans are a great fringe benefit for employers to offer employees to foster employee engagement and retainment. When it comes to time off, there are numerous different types of plans. In this article, we will take a look at comp time and if an employer can use comp
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