If you’re an HR professional or business owner in Colorado, the Family and Medical Leave Insurance (FAMLI) Program that recently became a law in the state impacts your business. And if you are still a little shaky on the details, here is a breakdown of what this program is and what it means for employees…
The Secure Act 2.0 is a proposed bill that could significantly impact retirement savings for both employees and employers. As an HR professional or business owner, staying informed about this legislation and how it could affect your company and your employees is essential. A few key takeaways about Secure 2.0: Expanded Access to Retirement Savings…
If you are a business owner, you may be familiar with the term “PEO” but not know what it is and how it could help your business. A Professional Employer Organization (PEO) is an organization that provides businesses with outsourced services such as payroll, benefits administration, and human resources management. A PEO provider can help…
What Employee Benefits are Important? Employee benefits have a significant impact on the success of your business. It’s not just about offering perks that employees enjoy, but also providing them with the meaningful and necessary support. When it comes to employee benefits, there are some essentials that every business should provide. What Are Employee Benefits?…
While beneficial in the long run, implementing an employee benefits structure can cause headaches for employers. As a business owner, it is in your best interest to treat talented employees as investments, and offer an attractive employee benefits package, even if you may be unsure of what to include and exclude from your employees’ benefits.…
Employees are the backbone of any functional business. They are your best asset. For this reason, it’s in your best interest to ensure that your employees are comfortable, healthy and happy at work. However, employees are human beings who may feel sick, tired, or generally low, and employee benefits help to solve these roadblocks in…
HR services can overwhelm small businesses, considering the rigorous onboarding, payroll, tax management, and offboarding processes. Therefore, the best solution is to outsource HR to simplify the management of HR resources and administration costs. There are multiple levels of HR outsourcing for small businesses, from full Professional Employer Organization (PEO) to simple payroll services. Here…
Business owners understand the importance of assessing their employees’ performance. You should have a job description when employing different individuals in your company or organization. Therefore, they have an easier time knowing what to do and when to do it. Still, a growing business, especially in this competitive market, needs a performance management system for…
Benefits and compensation are both essential aspects of human resource management. They are part of the compensation package that workers receive in exchange for the services they deliver to a business. While people often confuse and use these terms interchangeably, they are distinct since they do not refer to the same thing. The primary distinction…
Payroll processing is among the most essential yet difficult business processes. Every business, regardless of size or industry, has one feature: they all have to process payroll for their staff. Gathering employee time information and managing pay are typical steps in payroll processing. Most businesses process payroll using a payroll software system. Others opt for…
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