If you have employees, you must deposit all the federal income tax you withhold from your employees (based on their W-4 forms), including both the employer and employee portions of Social Security and Medicare taxes. Based on your situation, you may have to make deposits on a monthly or a semiweekly schedule — and deciding which one is right for your business involves calculations: If you're a … [Read more...]
Payroll Risk Management Strategies
In 2020, the IRS published an alert urging employers and taxpayers to beware of tax scams, including payroll phishing schemes. And that's only the beginning when it comes to payroll threats. In general, employers must also guard against: Noncompliance with payroll laws, whether intentional or unintentional. Payroll fraud by employees. Misuse of self-service technology. Unforeseen … [Read more...]
Tuition Reimbursement: The Employer Advantage
We live in a fast-paced society where people are forever on the go. There's hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional development is important in a job. Further, the Harvard Business Review concluded that lack of … [Read more...]
Personality Testing in a Post-Pandemic World
According to the Society for Human Resource Management, employers are implementing personality testing more frequently in the hiring process. The goal is to understand job candidates better by gaining a sense of their feelings, attitudes, perceptions, motivations, emotional intelligence, interests, preferences and communication styles. Some employers believe personality tests can help them predict … [Read more...]
5 Ways To Inspire Employee Loyalty
Creating employee longevity during a time of pandemic goes far beyond simply the amount an employee is paid. Employees are looking for tangible benefits, flexible working options and great communication. Statistics are showing that when employees see greener pastures, they don’t hesitate to make a move. As employers are making changes to processes, marketing, budgets and more, the last thing … [Read more...]
Corona Virus Guidance For Employers
Worldwide people are talking about Coronavirus, formally referred to as COVID-19. Whenever a novel virus or illness surfaces, anxiety among employees in the workplace is bound to increase, as was experienced when H1N1, Zika, and MERS dominated the headlines. While many U.S. employers may have dealt with similar concerns, with the outbreak of Coronavirus it is important to be certain about what … [Read more...]
Important Update For United Healthcare Clients
Are you concerned about losing Methodist? We can help! Unfortunately United Healthcare has been unable to reach an agreement, which means the following Methodist hospitals are out of network, effective Jan. 1, 2020: Houston Methodist Hospital Houston Methodist the Woodlands Hospital Houston Methodist Willowbrook Hospital Houston Methodist West Hospital Houston Methodist Sugar … [Read more...]
Understanding Your Healthcare Plan
You have a healthcare plan, but do you understand it? Understanding how it works can help you take advantage of everything your plan has to offer. What is a Copay? A copay is the predetermined, fixed-rate you pay for health care services at the time of care. These amounts are listed on your medical plan summaries. For most plans, such services include, but not limited to, Prescription … [Read more...]
Medicare Solutions
PEO Broker can help you with Medicare Advantage, Prescription Drug Plans, Medicare Supplement insurance plans, and a portfolio of insurance products. When it comes to Medicare there is not a 'one size fits all' solution that meets the needs of all Medicare consumers. That is where we come in. Our no-cost service can help you understand how Medicare works, what the cost of drugs may be, which … [Read more...]
How Pharmacy Costs Are Affecting Your Plan
Pharmacy costs have continued to rise over the last 10 years, with spend shifting to high-cost brands and specialty medications. Now 1% of claims are driving 40% of the cost for most plans, causing drug spending to feel like its spiraling out of control. As an employer, did you know that you have some control over pharmaceutical cost drivers? While there are some things that cannot be … [Read more...]
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