Traditionally regarded as a back-office function, the concept of an HR department originally leaned heavily into a transactional dynamic. The focus was on managing day-to-day administrative tasks relating to recruiting interested applicants, hiring new employees, properly compensating workers who have been onboarded, managing benefits and carrying out the termination process when … [Read more...]

The overall success of your new hires will likely be heavily dependent on their experiences during the onboarding process. As such, if the onboarding process of your company is incomplete or insufficient, it will show. A low-quality onboarding process will also increase the chances of new hires leaving your company in favor of your competitors. In order for the onboarding process to positively … [Read more...]

Regardless of your business' size, your employees are your greatest asset. But to find and keep qualified people, you need a high-functioning HR unit. Along with managing talent, the HR team must perform a range of strategic and administrative tasks on a daily or periodic basis. The sheer volume of these responsibilities can be overwhelming for even the most well-intentioned HR team. For many … [Read more...]

Do you offer a variety of fringe benefits to your employees? According to the IRS, these may include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. Simply put, according to the IRS, "a fringe benefit … [Read more...]

Core value statements anchor every aspect of a business. They’re a set of commonly held beliefs and commitments. And what you want is for your values to become the deeply ingrained principle and fabric that guide employee behavior and company decisions and actions. At their best, they are true reflections of what your company believes — and management and employees are willing to live by. HR can … [Read more...]

Because small businesses often have limited assets, it's vital that they prioritize their human resource objectives. Staffing, budgeting, legal compliance and outsourcing are top goals to consider. Staffing To save money, some small employers add HR tasks to the workload of employees who have no (or very little) HR experience. However, this misdelegation of responsibilities can seriously … [Read more...]

According to a 2022 Mercer survey, only 10% of employers offer lifestyle savings accounts, or LSAs. But a massive 70% say they are considering including LSAs in their benefits packages. What, exactly, are LSAs? A lifestyle savings account is an employer-funded benefit designed to help employees make positive lifestyle choices. LSAs support employee health and wellness, which improve employee … [Read more...]

No employer is immune from new hire turnover. In fact, it happens frequently. According to the Work Institute's 2020 Retention Report, over one-third of employees leave their employers within the first year. What's more, "Two out of three employees who leave in the first year do so in the first six months." In addition to the loss of workers, there's also the cost of replacing these departees. … [Read more...]