Managing employee leave is a significant challenge for human resources departments, especially for small to medium-sized employers. With the various types of leave, such as short-term and long-term disability, business owners and HR professionals can be easily overwhelmed. That’s why, in this article, we will look at the differences between
For small business owners and HR managers, offering any type of fringe benefits to employees is a strategic move. Not only does it enhance job satisfaction and employee retention, but it can also give your company a competitive edge in the hiring market. Among the benefits considered, company-paid life insurance
Owning and managing a business is an incredibly rewarding endeavor, but it also comes with its fair share of challenges. Beyond the day-to-day operations, there are numerous aspects to consider, especially when it comes to human resources and compliance. As an employer in Massachusetts, it’s crucial to navigate both state
Types of business insurances As with personal insurance protection, Maine employers should consider several types of insurance for their business. These insurances protect businesses against a variety of common claims, from a customer slipping and falling on a shop floor to an employee becoming injured on the job. Let’s take
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’
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
Most businesses provide benefits to their employees. These benefits must be withheld from employee’s pay properly, according to the IRS, for businesses to stay tax compliant. Certain benefit deductions are considered pre-tax deductions while others are considered post-tax deductions. In this article, we will take a look at the difference