Suppose you own a young business or recently introduced a retirement plan to your employee benefits package. In that case, you might have heard about something called 401(k) nondiscrimination testing—and wondering what the heck it is. Also known as 401(k) coverage testing, this is an annual IRS review used to prove a company does not… Read More »
Have you recently introduced a new retirement plan at your company? Perhaps you’re new to the process and filing a Form 5500. How does it work? Do you need an audit? We answer these questions and more below, giving you the complete breakdown of: Form 5500 Basics Form 5500 audit requirements Quick tips to ensure… Read More »
As an employer, you likely heard when the IRS released the new W-4 form in 2020—for the first time in 30 years. Now called the Employee’s Withholding Certificate, the previous version was formerly known as the Employee’s Withholding Allowance Certificate. The most significant change on the form was the removal of withholding allowances. The new… Read More »
There are many benefits for remote employees and the companies that employ them. Workers enjoy things like more flexibility, comfort, and reduced or no commute time. According to the stats, working from home can also increase employee productivity—sometimes by as much as 25%! It’s becoming increasingly difficult for employers to argue that employees are not… Read More »
There is no easy way to address sexual harassment training—at least not if you want to do so effectively. Nonetheless, it is a critical subject that all employees should be trained on regularly. Many employees don’t know how to identify harassment in its many forms, just as managers may not know how to deal with… Read More »
When people hear the term “performance improvement plan,” their minds immediately jump to visions of being fired. We don’t want to sugarcoat it: This performance management tool can be viewed as a probationary period and ultimately result in termination if the employee cannot meet objectives or improve behavior. When used correctly and with good intentions… Read More »
Does your business have a specific project or type of work that an expert would most effectively complete? Hiring independent contractors for finite assignments or work that does not call for an employee can provide many benefits to a company—when they are classified and appropriately managed. Before hiring a contractor, employers must know how to… Read More »
When your company has confidential information and trade secrets, you might be considering methods for protecting them. You may even want to ensure the retention of your top-performing employees. Enter: non-compete agreements. Chances are you’ve heard of the elusive non-compete agreement but may not be very familiar with its intricacies. What exactly should be covered?… Read More »
There are many unpredictable forces out of our control, such as the weather and other natural disasters. From blizzards to tornadoes to hurricanes to heavy rainfall, severe weather can affect employees’ ability to get to work as well as your company’s operations. These unpredictable events are why every employer must have an inclement weather policy. … Read More »
There are some sad instances in which stellar employees leave the nest for new opportunities. And then, there are times when certain employees leave and it feels like a weight off the employer’s chest. In either scenario, an exit interview can play an important role in helping organizations improve their workplace culture and environment. Does… Read More »
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