Growing a family should be a joyful, exciting time. But for many employees, it is also very stressful as they’re forced to figure out parental leave and how taking that leave could affect them financially. We’ve discussed before how unique employee benefits are now critical for companies to attract and retain top talent. Well, parental… Read More »
Most employers are feeling the heat when it comes to standing out and attracting top notch candidates. Now, the best talent expects employers to put their money where their mouth is with meaningful employee benefits and perks. Offering a high-quality benefits package is crucial not only for attracting stellar candidates, but also for employee retention.… Read More »
Employers have options for selecting what type of health insurance they offer employees. At the highest level, they need to choose between a fully-insured vs. self-insured plan. So, what exactly are these? Simply put: In a fully-insured plan, the employer purchases insurance from an insurance company. This is the traditional and most common insurance model.… Read More »
Whether you’re an employer who wants to educate employees on the difference between a Flexible Spending Account (FSA) and Health Savings Account (HSA) or an employee considering the pros and cons of these accounts, it’s crucial to understand them. Both employee benefits offer tax advantages, as the contributions are made on a pre-tax basis. However,… Read More »
What is the difference between paid time off (PTO), paid sick leave, paid vacation, and paid personal leave? And how do you know which type of paid leave program you should offer? Don’t worry—it doesn’t have to be too complicated. On a high level, employers have two options: Either institute an overarching PTO policy or… Read More »
Most employers have experienced the highly competitive talent market. As qualified professionals become increasingly difficult to find, organizations must think beyond traditional workplace benefits. The best candidates and employees desire much more than the standard health, retirement, and salary benefits. They are searching for an employer that shows that they value their team’s time, well-being,… Read More »
If you are forming your new company, you are probably considering which business structure will provide the most appropriate legal and financial protections for you—LLC, S corporation, C corporation, or sole proprietorship. Many entrepreneurs choose an S corp, which is a great option for small businesses because: They don’t have to pay corporate income tax.… Read More »
You’ve probably seen some of the data indicating that people are emphasizing work-life balance more than ever. This means they’re searching for employee perks and benefits that help them achieve this. A survey by Fractl asked participants how heavily they would weigh the options when deciding between a high-paying job and a lower-paying job with… Read More »
As a business owner, there are many important numbers and metrics you need to track in order to have a clear understanding of your company’s performance. Some of these metrics, such as full-time equivalents (FTEs) are also important when it comes to remaining compliant with certain laws. Are you currently applying for the Paycheck Protection… Read More »
Are you a Massachusetts business owner? Or maybe you operate out of neighboring state, with certain employees spending most of their working hours in the Bay State? Either way, you need to be familiar with the Massachusetts Earned Sick Leave Law. This important legislation protects your employees by guaranteeing them a set amount of time… Read More »
BlueLion is an HR Consulting company servicing New England.
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