Here’s a number: $287,923. That’s how much the Department of Labor recovered in back wages and liquidated damages from a business that offered comp time instead of overtime. So, what is comp time, and when is it OK to give?
Read More What Is Comp Time? What Employers Need to Know
Hiring employees can be exciting, especially if it means your business is growing. But if you’re hiring someone under 18 years old, you need to know child labor laws. Why? Because the employment of minors carries stricter regulations than adult employment. Not to mention, ignoring child labor laws can result in penalties from the federal […]
Read More Keep It Legal: What You Need to Know About Child Labor Laws to Avoid Penalties
Offering competitive benefits attracts, satisfies, and retains top talent. Benefits include everything from retirement plans to health insurance coverage. When you dive into different small business employee benefits, you might consider a section 125 cafeteria plan.
Read More A Section 125 Cafeteria Plan: The Overview for Employers
The death of a loved one can be difficult to go through. When an employee loses a loved one, offering bereavement time off can give your employee time to cope. Employees can use bereavement leave to make funeral arrangements, attend the funeral, and manage the estate.
Read More Bereavement Time Off: How to Handle Leave for Your Employees
The term base period is often used in reference to unemployment benefit claims. When an employee files unemployment, a state agency may ask the employer to provide a payroll and work history for the claimant during a specified a base period. Providing this data helps the state unemployment agency determine how much unemployment the employee […]
Read More Base Period in Regard to Unemployment
Employees streamline business operations, but what happens when they frequently skip work or show up late? Those streamlined business operations will start to become inefficient. You need a small business attendance policy to encourage attendance and monitor employees.
Read More Small Business Attendance Policy
It’s a fact of any business: Employees occasionally miss work and absenteeism is going to happen. Sure, absenteeism isn’t always avoidable. But, there are steps you can take to reduce absenteeism in the workplace.
Read More How to Reduce Absenteeism in the Workplace
As your business grows, so do your responsibilities as a business owner. Once you have 20 full-time equivalent employees and offer health insurance, you need to know about COBRA. What is COBRA? Do you have to offer it? Read on to get answers to these questions and more.
Read More COBRA Health Insurance: Do You Need to Offer It?
Here’s the scoop: 72% of private industry workers have access to employer-provided retirement plans. Do yours? If you don’t offer employees a small business retirement plan, like a 401(k), it might be time to hop on the bandwagon. Read on to learn about the types of 401(k) plans to choose from.
Read More Types of 401(k) Plans: Traditional, Roth, and More
Looking to offer your employees an additional benefit? Consider creating a profit-sharing plan. But before you run off and create a plan, you need to know what is profit sharing. Read on to learn all about profit sharing, including how it works and steps for creating a plan of your own.
Read More What Is Profit Sharing, and How Can it Benefit Your Business?