Due to the tourist seasons in Maine, many businesses are extremely busy during certain times of the year and slower in other times. There are also many seasonal employers that only operate in certain seasons. Either way, seasonal workers are in high demand for most Maine businesses, or those in
There are many different types of benefits that help drive employee engagement and retention. One type of benefit plan that does this is known as an employee stock ownership plan (ESOP). In this article, we will take a look at what an ESOP is and how it works. What is
The day-to-day grind of owning or managing a business in the hospitality industry is stressful. Adding HR related issues such as hiring, employee retention, scheduling, labor laws and more, on top of that can leave owners feeling overwhelmed. Let’s take a look at the top HR challenges for hospitality businesses,
On June 24, 2021, Maine’s government signed An Act to Promote Individual Retirement Savings through a Public-Private Partnership into law. Created to help against the growing retirement crisis in Maine and across the United States, this act makes Maine the latest state to require certain employers to either provide an
Why is work – life balance important? Most employees strive to achieve and surpass the goals and expectations that their managers set for them. Often times, this desire to outperform expectations results in what is known as burnout. You are dedicated to the organization by being the hardest worker. This
HR Challenges Facing the Healthcare Industry While the healthcare industry has always faced numerous stressors, the COVID-19 pandemic added extra layers of complexity for those in this field. Post-pandemic, significant changes to the workforce have occurred. These changes, along with added legislative compliance challenges, have enhanced the day-to-day stress of
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
One of the more effective practices businesses use to hire and retain employees is offering a strong benefits package. As with any aspect of payroll, once a business begins offering fringe benefits, tax compliance issues arise. Let’s take a look at how taxes work on employee benefits. What are fringe
There are many ways to motivate your employees. Offering competitive pay, a strong benefit package and an inclusive work culture promote employee engagement. Another way to push your employees to produce results is to offer them a performance based compensation package. Continue reading for more information and best practices on