Take a Look at the Alternative Workforce   One of the most fitting descriptions of the alternative workforce comes from Deloitte. In the company’s words, they have said that “the alternative workforce has become an integral component of the workforce ecosystem, providing organizations with access to a wide array of skills and highly diverse talent that they may not be able to source … [Read more...]

Characteristics of a Healthy Workplace Culture You can't measure a company's success entirely by sales. You have to look at the workplace culture, which has a long-term effect on the company's health. According to the Society for Human Resource Management, three things occur in a positive workplace culture: According to the Society for Human Resource Management, three things occur in a positive … [Read more...]

How To Achieve Excellence in HR Service Delivery The human resource function is responsible for providing services as well as support to employees during their time working for a company, from hiring, onboarding, training and development to payroll, benefits and termination. This "services and support" arm is known as "HR service delivery." HR service delivery: Then and now Historically, HR … [Read more...]

Plan sponsor, named fiduciary, custodian … these are just a few of the players on the 401(k) administration team. Each player brings something unique to the game. Click through for insight into seven of the main players.  Below are seven key roles in the 401(k) administration hierarchy. 1. Plan Sponsor The plan sponsor is the employer that establishes the 401(k) plan for the benefit of its … [Read more...]

The decision to close a business's doors for good is never an easy one. However, it's important to keep abreast of compliance requirements before you say goodbye. That's why you should take time to visit the closing a business page of IRS.gov. It's designed to help you navigate the process of shutting down. It includes guidance on: What forms to file. How to report revenue received in … [Read more...]

Are you rethinking your workforce strategy? The pandemic drastically changed markets. Many businesses closed in 2020, others retrenched and still others boomed. As you address your company's needs, are you wondering if you have enough workers to operate effectively? How to Rightsize Your Company Rightsizing is the process of making a company a more functional size. It's often treated as a … [Read more...]

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...]

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...]