Practical HR Tips, News & Advice. Updated Daily.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
More companies are quickly realizing that candidates and employees, alike, are looking for a better work/life balance. One way to do this is by offering flexible schedules and according to one survey, flexible scheduling leads to more productive workers. A win-win for all!
While wages remain the primary factor for most employees in determining whether to stay at their current job or look elsewhere for employment opportunities, other factors strongly impact employee satisfaction as well. Flexible hours, vacation time, and company culture can all impact an employer’s desirability in the minds of employees and potential employees.
In part 1 of this article we began to explore the effect that the Tax Cuts and Jobs Act of 2017 (TCJA) has on personal tax deduction for business owners. Today we are going to explore reporting requirements for Relevant Passthrough Entities (RPEs) as well as some timing considerations.
Employees in every industry are burdened with student loan debt. According to the latest Federal Reserve data, Americans carry over $1.5 trillion in student loans. The amount continues to grow every quarter. PricewaterhouseCoopers’ 2018 Employee Financial Wellness Survey revealed that 54% of employees are stressed about their finances, and 64% are impacted by student loans. […]
We know a well managed 401(k) can help employees plan for retirement, but what do 401(k)’s do for employers? New research shows it might just be helping their bottom line.
Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.
Thirty states have now legalized marijuana use for medicinal purposes, while recreational marijuana is legal in nine states and Washington, D.C. And as many states across the country become more lenient with their marijuana laws and regulations, organizations should seek out everything there is to know about marijuana and workplace safety and wellness. Continue reading […]
While money may not buy you happiness, it may be able to “buy” you employees. If your compensation practices are falling short, you may be losing top talent to the competition, and a new study shows that there is a “radical shift” in how companies are planning their annual compensation packages.
In a recent Private Letter Ruling (PLR), the Internal Revenue Service (IRS) authorized making 401(k) plan contributions to participants who repay their student loans instead of contributing to the plan. (See related August story.)
It’s no surprise that research has found employees tend to delay or disengage from decisions they view as difficult and complex. In the 1980s, the struggle among employees was 401(k) adoption, even though it was the most practical retirement financial tool in the market. These days, the challenge is centered on consumer directed health plans […]