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4 Advantages Employers Gain While Offering a 401k Plan
A 401k plan is an employer-sponsored retirement plan into which an employee may contribute a portion of their salary before paying taxes. Retirement plans are now among the most desired benefits for employees. In fact, 62% of candidates surveyed by Accenture said that they are more likely to accept a job offer if a company…
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5 Popular PTO Trends
PTO, or paid time off, is any time during regularly scheduled work hours that an employee is permitted not to work yet still receives pay. Essentially, it is time you pay your employees not to work. While it may seem odd phrased that way, PTO is a valuable benefit for both employees and companies alike.…
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5 reasons why you should use an online benefits enrollment system
If you are still collecting paper benefits enrollment forms – now is the time to switch it up. We get it – change is daunting – but you’ll thank us for this one! Using an online benefits enrollment system will simplify and streamline the process. This translates to greater efficiency and even compliance. While there…
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How a PEO Provides Growth Opportunities for Small Business
This one is for the small business owner. If you are not a small business owner yourself, pass this article along to one you know. They’ll thank you for it—I promise! Many small (or even mid-sized) business owners wear multiple hats. It’s simply the nature of the beast when starting up your own company. You…
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Fostering a continual learning environment
Over the past twenty years, the business world has learned that you never know what may be lurking around the corner. The 9/11 attacks. The Global Financial Crisis of 2008. The COVID-19 pandemic. There also have been major innovations that have radically changed industries. Market disruptors like Netflix and Amazon Prime have changed how we…
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Six Considerations When Evaluating Your Compensation Strategy
Employees are vital to your organization and a significant investment for most businesses, often averaging 70% of operating expenses. This essential business asset deserves a well-crafted strategy. While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy,…
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PTO Policies in the Time of Remote Work
Recent events and technological developments have changed the way we work. More of us can now work whenever and wherever we want through our laptops, tablets, and PCs. While this has many benefits, remote or hybrid working can also present challenges in accountability and taking time off. For instance, if an employee is working remotely,…
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How to Control MLR
One of the most frequent challenges for business owners is learning how to control costs. Generally, the biggest cost in business often stems from labor alone. Labor includes pay, but it also includes benefits. Learning how to minimize these large costs may seem like a daunting task, especially if you don’t know where to begin.…
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Benefits of Flexible Spending Accounts (FSAs)
Flexible Spending Accounts (or FSAs) are an often-overlooked benefit that you can offer your employees. FSAs come under section 125 of the Internal Revenue Code and allow your employees to convert some of their taxable pay into nontaxable benefits. Healthcare FSAs enable employees to set aside money from each paycheck before the deduction of taxes. Employees…
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Your Unemployment Claims Questions Answered
Unemployment claims are filed by an employee after termination of employment. When a claim is filed, employers receive notification from the state regarding the claim. It is essential to know what your responsibilities are when validating and responding to a claim. Failing to respond to an unemployment claim promptly could result in penalties in the…
Category: Benefits
