Posts Tagged ‘Employees’
How to Reduce Workplace Drama and Improve Results
Is it just me in my role as business advisor, or is emotional drama in the workplace increasing? Team members seem to be spending more and more time venting to anyone who will listen about the motives and actions of others, and less time introspectively focused on their own productivity and accountability. The result is…
Read MoreThe Importance of Pensions to SMEs
For SMEs to remain competitive in the current economic climate, it’s imperative that they’re able to retain and recruit the best possible talent. This can be challenging, however, particularly with small businesses being relentlessly squeezed by soaring inflation, declining consumer confidence and incrementally higher interest rates. While fintech innovations such as P2P lending and invoice…
Read MoreSteps to Avoid an IRS Worker Classification Audit
Any small business must hire more people as the business grows and thrives. At the initial stage when work is sporadic, it may make sense to hire contractors like a web designer to create an online presence or a bookkeeper to manage business accounts. But as work piles up, it may require hiring a full-time…
Read MoreWhat if Your Small Business Doesn’t Have an HR Department?
Every small business owner is familiar with pouring over business-related advice, only to find out that it’s applicable only to larger businesses or transnational corporations. The business world is anything but one-size-fits-all, and it can be extraordinarily difficult, if not downright impossible, to find HR-related advice that pertains to the owners of America’s innumerable mom…
Read MoreAre You Uncomfortable with Home-Based Workers?
Do home-based employees work with the same dedication and productivity as those in office cubicles next to each other? That depends upon the management as much as the employee. I have a friend who is a CEO of a recruiting firm who “virtualized” her company after a decade of maintaining a fixed office location. She…
Read More3 Things Companies Should Consider to Modernize Their Workforce
People are switching jobs more often than ever. As a consequence, companies need to modernize their work environment in order to attract and retain talent. Some argue that creating a modern workplace is more about enabling the right connections, rather than building the right office space. This involves using up-to-date tools and technology, as well…
Read MoreHow to Prepare Yourself for the Cost of Employees
You’ve run the numbers and you know how much you can pay your new hire — but did you know that standard wages and salaries only represent approximately 70% of the total costs of compensation for each employee? The other 30% comes from benefits like paid time off, health insurance and retirement plans. And this is just the breakdown…
Read MoreIs Your SME Aware of These 4 Vital Areas of Employment Law
There are many areas that need to be taken into account when making sure your SME is running successfully. Factors such as customer satisfaction, profit margins and stock control all need to be monitored and are seldom overlooked, but employment law can be. This complex area is, however, paramount to the effective running of an…
Read MoreGiving an Employee Bonus: What You Need to Know
As the year draws to an end, you may find yourself wanting to show your appreciation by offering an employee bonus. If it’s a fit for your company culture and budget, it’s a great thing. But it also made us curious about who gives employee bonuses and why? General Trends for the Employee Bonus Accounting…
Read MoreAvoid These Common Pitfalls When Making Bonus and Raise Decisions
As year-end rituals of handing out raises and bonuses near, it is important to know that it also is a time when you are framing the ethos of your business and anchoring your employees to it. Of course, individuals are interested in how they are performing. But, their perceptions of how they are treated in…
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