November is here— and that means the end-of-year holiday marketing blitz is already in full swing. Businesses are gearing up for the season of office decorations, gift exchanges, home-baked goodies, and the company’s annual holiday party. For employers, the holiday season can be a minefield of potential liability issues. They want to provide a fun and festive environment for employees without creating risks for the company. Top holiday liability risks The three biggest areas of risk for employer liability during the holiday season are diversity, harassment, and employee safety. Diversity. Today’s workplace is more diverse than ever, encompassing employees of many different cultures,
Three Reasons Your Business Should Partner With HR Outsourcing Companies Successfully running an organization of any size and scope means carefully pinpointing which tasks and responsibilities make sense to manage with internal employees, and which roles prove best served by outsourcing to an external resource. While today's business owners have the capability to outsource virtually any job function, the key to efficiency lies in identifying which subcontracted roles will yield the biggest return on overall investment. One key option that often proves ideal for executives who have carefully weighed the collective pros and cons? Working with HR outsourcing companies. HR Outsourcing Companies
Today, the IRS released some upcoming changes for the 2015 calendar year. The Social Security maximum taxable earnings have been increased by $1,500 to $118,500. More details on additional changes for the upcoming year can be found here.
How To Plan For Success During Your Payroll Conversion Process Are you currently considering a payroll conversion for your organization? As a leading resource for organizations of every size and scope moving to a new payroll system, The Payroll Company understands how critical a methodical, systematic transition is key to the overall success of the initiative. When getting ready for your payroll conversion, it's important to consider key factors such as: Timing of payroll conversion: When you implement your payroll conversion is crucial; as we near the end of October, now is the perfect time to consider a year-end conversion. While a year-end conversion isn't a necessity, this type of timin
Important Ways 401K Management Companies Take The Guesswork Out Of Your Retirement Plans Are you currently utilizing internal resources to manage your company's 401K and retirement plans? You (and your employees) may be missing out on a host of critical benefits. No matter what the size of your organization, partnering with professional and qualified 401K management companies to create your business' specific retirement benefits and policies can yield an extensive range of distinctive advantages that should not be ignored. Working with leading 401K management companies can offer your business the following advantages: More time for core responsibilities: First and foremost, partnering with 4
The Health Insurance Marketplaces (also known as the State Health Exchanges) will be opening on November 15 for individuals to enroll in non-employer sponsored plans for 2015. While employers are generally not greatly impacted by open enrollment for individual plans, there are a few reasons why employers may want to mark November 15 down on their calendars: Window to enroll in a SHOP plan with less than 70% participation. Unlike individuals (who generally must sign up for a health plan during the 3 month open enrollment window), small businesses that wish to purchase insurance through the Small Business Health Plan Options Program (SHOP) exchange can usually enroll in any month. In order t
Earlier today, the IRS released their updated pension plan limits and 401(k) contributions. The maximum employee contribution will increase from $17,500 to $18,000 for 2015 for 401(k), 403(b) and 457 plans. For the full announcement, visit the IRS website.
The Affordable Care Act For 2015: Is Your Business Ready? While it may seem hard to believe, we are all officially into the final corporate quarter of 2014. With the onset of 2015 swiftly approaching, business owners in every industry are looking ahead and preparing to make next year their best one yet. Of course, for many business owners, they are not simply carrying the burden of planning for success in the upcoming year; they are also attempting (often futilely) to carefully navigate through the pending rules and regulations of the 2015 Obamacare health care reform act. Staying Compliant With The 2015 PPACA Rules And Regulations If you're a business owner managing an organization of any s
As we once again approach election time, we wanted to remind everyone of what you (as an employer) can and can't do as it relates to time off for voting. Each state varies in the time off permitted for voting, be sure to check your local state laws. In Wisconsin, employees are entitled to be absent from work while the polls are open for a period not to exceed 3 hours. Employees must notify the employer prior to election day and employers do have the ability to designate the time of day for the absence. Details can be found HERE.