The holidays and year-end are a great time to recognize your employees’ hard work and dedication. If your business wants to hand out bonuses as an incentive, you’ll need to consider the following implications. Definition of a Discretionary Bonus A discretionary bonus is a one-time or annual payment you give to an employee beyond their […]
The holiday season usually means plenty of social events and distractions. Unfortunately, this can lead to lower productivity and burn out. Follow these helpful tips to minimize issues during the holiday season. Focus on Tangible Goals When employees can “see” their progress, it can help them stay motivated during the holidays. You can post sales […]
Before you can start a new year off on the right foot, you must wrap up the current year and that includes plenty of tasks. Use this handy checklist to ensure you complete year-end procedures promptly and start the new year off setup for success. Remind Employees Remind employees they need to fill out a […]
Syntronic reports 87% of companies rely on their employees personal devices to access business apps. They adopt a bring-your-own-device (BYOD) policy since employees already rely on their own smartphones, laptops, and tablets and it can lower business expenses and increase productivity. However, allowing employees to use their own devices also comes with many risks. Here’s […]
Creating a positive corporate culture is extremely important. It helps attract top talent and happy employees want to stay with your company. Fortunately, you don’t need to spend a fortune to show your team that you appreciate their efforts. Here are 7 simple, inexpensive ways to show your team you’re thankful for them and their […]
How do you know when you should hire your first employee and what’s the best way to go about it? These are big questions for a business owner since it affects their bottom line. Here are a few guidelines to help you decide if the time is right and what you should do to ensure […]
Offering benefits that improve an employee’s work/life balance may give you an edge if you’re struggling to find suitable employees. However, the idea of offering unlimited vacation time is foreign to most businesses. That doesn’t mean it isn’t worthwhile, though. Here’s an explanation of how unlimited vacation time works and some of the pros and […]
Employees want to improve their work/life balance, but not all options suit all positions or individuals. If you work in a job where you need to be in the workplace, the compressed workweek is often a viable option. What is a Compressed Workweek? Employees either work all hours in less time or work fewer hours, […]
As your business grows, you may find you need people who live outside your state. However, this can lead to payroll and tax headaches if you don’t handle things properly. Tax Requirements Taxation authorities expect employers to withhold state income tax from an employee’s wages, even if they work out-of-state. The employer may also be […]
Commuter benefits no longer qualify for a tax deduction under the Tax Cuts and Jobs Act. However, employees can still access commuter benefits by using their pre-tax dollars to pay for their commuting costs. The Act makes no changes to the exclusion from wages from employees. If you’re considering offering commuter benefits to your employees […]
There’s plenty of discussion about the benefits of an employee work/life balance such as attracting top talent and retaining a skilled workforce, but how can an employer achieve it? Here are a few ways you might want to consider to help you achieve a beneficial employee work/life balance. Lead by Example In our highly connected […]
Allowing employees to work from home benefits the employer and worker, but you need to establish guidelines to clarify expectations and protect your interests. Here are a few tips to help you create a work-from-home policy that serves everyone well. Eligibility Requirements Not every employee or every form of work suits telecommuting. Employees need supervision […]
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