Social media use is so ingrained in our behavior that employers need policies to manage employees’ online behavior—both on the clock and off. Although businesses that prohibit social media risk more than irking affected tweeters, allowing employees unfettered access can lead to reduced efficiency and heightened risk of liability exposure. In crafting a social media policy, employers should aim for a fair and flexible policy that keeps employees happy and boosts productivity, as well.
Health care is expensive for businesses. Those who go through insurance companies must deal with rising premiums and growing uncertainty. And the ones that self-fund health benefits are only so insulated from increasing costs. In the search to buttress the bottom line, corporate wellness programs are doing a good job of improving worker health so that costs are eliminated before they occur.
Companies with defined contribution or insurance benefit plans have many compliance issues, including the need to report the details of their benefits programs to government agencies. To satisfy the requirements of the IRS and Department of Labor (DOL), businesses must complete and submit Form 5500 during each plan year.
In accordance with the ACA, businesses converging on (or near to) the 50 employee mark may have difficulty determining if they are subject to new annual ACA reporting beginning in 2016. Use this infographic to see if your business qualifies as an 'Applicable Large Employer' and determine the steps to take for accurate ACA reporting.
One part of the Affordable Care Act (ACA) that has business owners shifting toward offering more voluntary benefits is the Cadillac Tax. Due to go into effect in 2018, this 40 percent levy on “high cost” health care plans was created to offset the costs of the ACA.
Thanks to changes in workplace law and economic pressures raising health care costs, employers are now leveraging the workplace to improve employee health more than ever before.
Insurance costs are increasing and employers are feeling the sting. To save costs, many businesses are increasingly doing the exact thing insurance is designed to avoid: self-funding their own benefits programs.
Managing employee turnover isn’t the most glamorous part of running a company. Preparing to open up a vacancy can be just as taxing as filling one. Having a strategy to conduct exit interviews can ensure a smooth and amicable transition for both company and employee.
Crafting an effective job description is vital for hiring the right people and managing them once hired.
Communication is the most important part of building a strong workforce. Teams must share a vision, communicate it amongst groups, and give accurate reviews on how their members perform in pursuit of continuing goals.