With millennials dominating the workforce and the next generation of workers gearing up to make their mark, employers are being forced to rethink their rewards strategy. When employers think “rewards,” compensation and benefits typically first come to mind—and with good reason. Research shows that compensation is the leading driver of job satisfaction, followed by benefits. Demand for a more … [Read more...]
Remote Employees and Reimbursement
Reimbursing your employees for work-related expenses is nothing new, but the practice was primarily limited to on-site employees. However, with the arrival of COVID-19 and the pandemic that forced people into an unparalleled shift toward the remote-work lifestyle, the question of whether or not remote employees should be reimbursed for their business expenses is gaining attention. According to … [Read more...]
Does the Fair Labor Standards Act (FLSA) Apply to Nonprofits?
Is your nonprofit subject to the Fair Labor Standards Act (FLSA)? Because nonprofits fall into a special category, the answer isn't a simple yes or no. Fortunately, the Department of Labor has provided guidance in this area. In brief, says the DOL, there are two ways in which an employee can be covered by the Fair Labor Standards Act and therefore entitled to its protections: enterprise coverage … [Read more...]
Tips for Building Your Paid Parental Leave Policy
Employers are increasingly offering paid parental leave, which includes maternity leave, paternity leave and adoption leave. According to a 2020 Society for Human Resource Management article, "Over half of employers (55 percent) now offer paid maternity leave, 45 percent offer paid paternity leave and 35 percent provide paid extended family care leave." The benefits of paid parental leave can … [Read more...]
Improve Your Payroll Audits With Automation
Payroll is a core feature of all businesses, and it is very important as it heavily impacts the morale of employees. After all, if employees aren't paid appropriately for their work, you can expect them to leave. Payroll also impacts a number of business processes, including human resources and finance. The employee aspect and interrelatedness of payroll are what make payroll audits an absolute … [Read more...]
Videos Improve Benefits Communications
Employers that offer voluntary benefits — such as health insurance, retirement plans and flexible spending accounts — are required by law to disclose certain information about the plans to employees. These laws aside, employees should understand the benefits available to them so they can make appropriate choices. Normally, this information is communicated during new hire orientation, open … [Read more...]
Post Pandemic Dress Guidance
Many workers have spent the past year working from home, their suits and dress shoes gathering dust while they padded around in slippers and sweats. But many companies are looking to return to the office. Will more casual looks stay in vogue? Some wonder if the fashion pendulum will swing and bring on more luxe apparel. Even during the pandemic, many white-collar employees kept a "Zoom shirt" … [Read more...]
Breadcrumbing Job Candidates: Why You Should Avoid Doing It
Competing for talent is not easy, especially in a tight labor market. To snag the most qualified candidates, employers must make a good impression. But some employers sabotage their recruiting efforts by breadcrumbing candidates. Breadcrumbing is when a hiring manager or recruiter strings along a job candidate. They give just enough to keep the candidate hanging on in hopes of getting the job. … [Read more...]
Special Tax Rules for Rehiring Staff
If you find yourself short-staffed, there's no harm in calling a former employee who has retired. You won't jeopardize your pension plan's tax status if you rehire retirees. Nor is it a problem if you permit distributions of retirement benefits to employees who hit the age of 59 1/2 or your plan's normal retirement age, even if they don't intend to quit anytime soon. The IRS wants to offer … [Read more...]
Integrated Timekeeping: A Strategy for Preventing Payroll Errors
Under the Fair Labor Standards Act, employers are required to maintain updated records of the hours worked by nonexempt employees. According to the FLSA, employers are also expected to pay nonexempt employees for all of the hours they work. As such, it is of utmost importance that employers ensure accurate timekeeping and payroll processes as part of their business operations. However, if … [Read more...]
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