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Why Your Company Should Look at Outsourcing Employee Benefits Administration

September 14th, 2021 (No Comments)

While many don’t think so, the Employee Benefits Department plays a huge role organizational success. This important role that the Employee Benefits Department must play requires it to work smart and effectively. Hence, most of the modern employee benefits departments now employ a mixture of in-house, outsourcing, and co-sourcing workforce to keep the all the […]

How Payroll Tax Penalties are Calculated

September 12th, 2021 (No Comments)

The payroll tax penalty is calculated when you multiply the amount of the late payment by a payroll tax penalty percent. This percent depends on the number of days late as clearly visible from the following table. DAYS LATE | PENALTY PERCENT 1-5                |     2% 6-15              |     5% Above 15      |   10% How the Payroll […]

Employee Benefits Administration Outsourcing Factors Every Company Should Consider

September 7th, 2021 (No Comments)

Currently, many companies prefer to choose outsourcing options when they want to give any type of employee benefits. In most cases, companies rarely outsource programs that involve educational training and communication skill development of the employees. Apart from this, the development of benefit programs strategy and design must be the priority of the companies that […]

Why Employee Benefits Are Critical to the Success of Your Business

August 17th, 2021 (No Comments)

Have you ever questioned if the cost of employee benefits outweighs the additional administrative work? Here’s a suggestion: Learn about the value of employee perks and how providing them may help your company. What is the significance of employee benefits? Employee benefits: how crucial are they? Instead of a pay raise, 79 percent of employees […]

Top Tenets to Follow for Positive Impactful Employee Coaching

August 12th, 2021 (No Comments)

In athletics, the function of a coach is highly regarded. However, for some reason, this belief is rarely used in the job market. Managers are frequently seen as overseers rather than mentors. Coaching in the workplace is equally as important as it is on the field or court. Employee coaching is an essential component of […]

Top Hiring Practices During COVID-19

August 8th, 2021 (No Comments)

COVID-19 has shifted many industry sectors of the workforce. For companies that are able, social distancing measures have made remote work the new norm. Employees are transforming homes into workspaces, often simultaneously managing childcare and personal obligations. Businesses are facing difficult decisions about how to adapt and survive this profound shift and hiring practices have […]

The Critical Nature of Benefits Management

August 4th, 2021 (No Comments)

When firms embark upon changes, transformational initiatives, or simply arguing the case for investment, one of the essential aspects is determining the advantages and why the journey should be undertaken. What will be new and improved on the other side? Criteria for Evaluation Benefits management is critical because it not only defines what those benefits […]

What is Employee Benefits Administration?

July 21st, 2021 (No Comments)

An employee benefits administration (EBA) is a department within a company that is tasked with overseeing benefits packages offered to employees. This department creates and updates all available employee benefits packages. Corporations are incentivized to employ a benefits administration to ensure that their employee benefits program is attractive to potential employees and valued by current […]

Timekeeping in the Workplace Explained

July 11th, 2021 (No Comments)

Understanding Timekeeping in the Workplace The simplest way to assess work costs is to keep account of time spent on the job, which has been done since antiquity. Many different types of timekeeping have emerged over time and are now employed in various fields. The goal of timekeeping isn’t just to calculate labor costs. It […]

The Critical Small Business Tax Obligation You Must Never Ever Ignore – Payroll Taxes PART Three

July 8th, 2021 (No Comments)

Keeping up with the numerous commitments for federal, state, and local taxes is one of the many challenges that small-business owners must deal with. While most company owners hire a CPA or a tax specialist to deal with tax-related matters, it is crucial for those who are ultimately responsible for all tax responsibilities (the business […]

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