A flexible spending account (FSA) is an account option you can offer your employees to give them a way to meet their health insurance needs.
These flexible spending accounts are opened alongside a traditional health insurance plan that supports their use.
The money from this account is tax advantaged and can be used to cover health costs not paid for through the insurance plan.
FSA’s have several ways of saving your employees money during tax time, making for a happier, healthier workplace.
Safety Should Always Come First
Where we focus is where we end up…
Every year, businesses spend $170 billion on costs related to workplace injuries, according to the Occupational Safety and Health Administration (OSHA).
This number only factors in losses coming directly out of a company’s profits; it does not include expenses that are covered by workers compensation coverage.
Here’s what you need to know in case one of your employees hurts himself on the job….
A Vice Comes in Many Disguises, Many Appearances
Dependency on anything at a chemical and/or emotional level will bring out the worst in a person — but also provides an opportunity to take ownership and change everything
Every workplace brings together employees of all personality types, and workplace stress can cause employees to act unusually.
This does not necessarily mean a worker is struggling with an addiction, but certain red flags may suggest an employee is using drugs.
Drug Recognition reports some 22 million working Americans have used illegal narcotics within the past month, while another 13 million Americans have drinking problems.
If you’re a business owner or manager who suspects an employee is using drugs, take these steps to help your employee and create a productive, safe working environment.
With the Workforce Shrinking, It is an Employee’s Market
As an employer, your advantages can help you benefit from the best available
When a company hires and retains solid and hardworking people, it will succeed.
On the other hand,with unmotivated employees, a business will have a difficult time taking market share from its competitors.
A Business owner wants to ensure that he or she has the best employees, here are 5 ways that will help…
Ever Try Building a Business Without Building Your People?
Investing in your people doesn’t guarantee your returns but it does give you better returns than not
As a business owner or decision-maker of your company, one of the key challenges that you face is the successful distribution of your capital.
This is critically important if you are to achieve long success, while maximising profitability and laying solid commercial foundations.
There are a large number of investment options for those who own a commercial venture, and selecting the right ones will ensure that your business can move forward as effectively as possible.
With consumer confidence currently at a peak in the UK and businesses increasingly keen to spend their capital, there is a unique opportunity for you to expand your venture accordingly.
The Attitude of the Servant Will Determine the Attitude of the Castle
If you’re expecting a spark from your employees while working in a dungeon, think again…
With business confidence beginning to soar in the UK, firms are looking to plan towards a more prosperous future.
While it is natural that business owners should look to expand their venture as consumers invest more of their hard earned money, however, it is important to remember that the current economic expansion remains extremely tentative and difficult to quantify.
With this in mind, entrepreneurs may need to identify low cost and creative methods of driving their business forward in 2013.
Appreciation for a Job Well-Done Is Always Welcomed
An employer’s appreciation doesn’t have to be celebrated just once — it can happen every month for a year
A month-to-month club sends employees a different treat or type of food every month.
There are clubs available for everything from fish and cheese to ties and socks.
They are a fun way to reward top employees who have contributed to the success of a business.
Here are 5 month-to-month clubs that any employee will enjoy….read more
Building Strong Relationships With Employees Makes for the Best Retention Possibilities
3 basic steps will help managers build respected relationships that will last beyond the work place
Being the boss can be very rewarding, but it can also be pretty tough.
You want to run a tight ship and ensure that all work is getting done in a professional manner, yet you don’t want to work in an environment where your employees feel as if they are robots or that you are someone who is cold, impersonal, and simply barks orders.
How do you create a work environment that offers the best of both worlds?
A place there your employees feel as if they can comfortably talk to you and even share a few jokes, yet not cross the line into personal territory and risk your integrity and your role as the boss?
With careful decision making and the right personality, you can create a work environment in which your employees are not afraid to knock on your office door, yet they still know you are the boss…read more
Half Our Workforce Needs Time to Tend to Our Future
The attitude of the employer towards maternity leave can affect the overall corporate culture
Maternity leave is a disruption for any business, particularly when dealing with key personnel.
However, happy new moms who return to work feeling they have the support of their employer and managers are sure to jump back into the job with renewed vigor.
Balancing work with extra tasks like trying to find the best car seat booster or crib mattress is a challenge for any parent.
Consequently, the easier you can make maternity leave for your employees, the more attention to work your company will receive in the long run when they return to the job.
Federal laws mandate minimum requirements for maternity leave, but then there is what is customary in your industry and geographic location.
Standard practices when it comes to time off will help you address the concerns of new moms.
Here is some information to help you understand what’s standard time off for maternity leave.
It’s True — An Ounce of Prevention is Worth a Pound of Cure
Using compassion and being sensitive yet firm will go a long way in your stand
The business of doing business is only part of the challenge that your company faces.
Handling the issues of your employees — the human beings of varying backgrounds, sensitivities, beliefs, and persuasions — can be a full-time job in and of itself.
In the modern workplace, employees expect — rightfully so — their work environment to be safe, comfortable, and secure.
It is the business’s leadership that will determine the workplace culture.
A sexual harassment claim can be a devastating blow to any business.
Photo credit: Photos.com/Aukasz Simonowicz
Employee Retention Is Paramount for All Companies
Tech companies face even more challenges with increasing skills gaps in a critical sector
In boom times, holding on to employees is difficult in any industry.
For managers of tech companies, retaining their best employees is nearly an impossible task.
As business booms managers experience a continuous cycle of employees coming and going.
Unless you possess some sort of managerial superhuman qualities, you likely found it nearly impossible to keep your talented employees around for very long.
Many are now bringing their own devices (BYOD) into work, even when the employer has yet to establish protocol, procedures, policies, and processes for these machines.
However, that does not mean your machine is an open book to your employer.
Do you know what your employer can — and cannot — request to see on your BOYD???
A Happy Employee Will Be More Productive
And the more productive an employee is, the more likely they will be innovative
Employee satisfaction can be based on many factors depending on the company dynamics and employee expectations.
Most companies provide essential benefits to retain employees and to avoid high turnover.
It is much easier for companies to retain current employees than it would be to recruit, hire, and train new employees.
The following are 5 ways to keep employees satisfied, all identified based on employee response levels, surveys, and overall improved moral in the workplace.
Great Morale Will Develop Unity Within Any Business
Before focusing on building that unity, build their morale — all else will follow
Indeed, areas such as marketing and budgeting are hugely important for any type of business.
However, you also want to be certain that your employees have unity with one another.
Here are some ways that you can establish that…
Employee Recognition Promotes A Better Environment
Be sure to say thanks – 5 gifts your employees will love
Gifts are a great way to reward employees for outstanding performance in the workplace.
They provide an incentive, build team spirit, boost morale, and encourage productivity.
The challenge for management is to give employees something they will thoroughly love and appreciate.
ADP® Webcast to Help Small Businesses Better Understand the Complexities and Mandates of the Affordable Care Act
Free Webcast Will Help Clarify New Provisions Specific to Small Businesses, Assisting Owners in Understanding How the Affordable Care Act’s Insurance Mandates and Market Reforms Can Affect Small Businesses in 2014
In the interest of full-disclosure, our editor Garrett O’Brien serves on the Advisory Board for the HR.com ERP/HRIS Community.
This posting is part of our continuing effort to bring you the latest information through Press Releases we obtain from various sources such as PRNewswire and PRWeb.
ROSELAND, N.J., May 8, 2013 /PRNewswire/ – ADP®, a leader in human resource and payroll outsourcing solutions, has a prerecorded webcast to help small business owners and employers understand the impact of new Affordable Care Act (ACA) provisions that will take effect in 2014, including the establishment of Health Insurance Exchanges and, in many states, the expansion of Medicaid.
The free webcast aims to help clarify how the new regulatory mandates of Health Care Reform could impact small businesses and how to prepare for those changes.
BYOS: Bring Your Own Service
Employees want social tools at work, despite company restrictions and hesitation, reports new Microsoft survey
Global survey across 32 countries shows worker appetite for social tools is increasing, even if it means spending their own money and defying organizational policy to use the technology.
REDMOND, Wash., May 28, 2013 /PRNewswire/ – Nearly half of employees report that social tools at work help increase their productivity, but more than 30 percent of companies underestimate the value of these tools and often restrict their use, according to new Microsoft research released today.
The survey, conducted for Microsoft Corp. by research firm Ipsos among 9,908 information workers in 32 countries, also found that 39% of employees feel there isn’t enough collaboration in their workplaces, and 40% believe social tools help foster better teamwork.
More surprisingly, 31% said they are willing to spend their own money to buy social tools.
img credit : belltechlogix.com
Click the read more button to discover more about BYOS…read more
The Benefits that Employees Want in 2013
There are social changes that have gone some way to negating the long term
We live in an age of conflicting economic portents, where various countries throughout the world hover between the margins of recession and minimal growth.
No country embodies these circumstances like the U.S., whose fortunes continue to fluctuate in line with global instability.
Take the national unemployment rate, for example, as although it continues to fall economists believe that this is primarily due to the creation of low paid and short term jobs.
As a result of this uncertainty and the paper thins foundations of the U.S. economic recovery, businesses are being forced to reduce costs and consolidate their existing operation.
While this may impact negatively on some aspects of their business, however, there are corresponding social changes that have gone some way to negating any long term decline.
In fact, forward thinking firms are well placed to attract and retain talent despite the economic condition, as employees are increasingly motivated by more than bottom line salary.
Click the read more button to discover more of what Lewis has to share…read more
Shrinking Workforce, Average Stay Now at 17 months, Skill Levels Requiring Employer Investment
Businesses are increasingly under stress to maintain key employees — what to do?
Current trends show that the average employee remains with one company for approximately 17 months before moving on.
When an employer weighs the options for retaining an employee or letting the individual go, the arguments in favor of getting the employee to stay may not be as obvious.
However, a recent study conducted by the Center for American Progress revealed that employers incur a cost of approximately 20% of an employee’s salary when the individual leaves.
Do the math and it’s clear to see that the cost of losing a $50,000-per-year employee can add up to a loss of $10,000 for the employer.
Various considerations can help employers maintain current talent, while saving them the time, effort, and money involved in dealing with a high rate of turnovers.
Click the read more button to discover more of what Mary has to say on retaining talent…read more
Being a Referee May Be a Necessary Step of Your Management
Key is learning how to step-in with out stepping-in the middle
One of the most difficult parts of business management is mediating conflicts between employees.
Calming things down, repairing relations, and reinstating the status quo is complicated.
Click the read more button to discover some things you can do to help things along as shared by Erin Steiner…read more
Employee Morale Can Make or Break Your Business
A diligent and trustworthy employee is difficult to find.
Not only are diligent and trustworthy employees hard to find, they’re difficult to keep as well.
One of the key reasons for their exit?
When an excellent employee suddenly leaves a company, or steadily declines in his or her quality of work, then low morale is usually the issue.
Employee morale is the ability of the employees to successfully perform and complete tasks based on their discipline, confidence, happiness, and teamwork.
Keeping employee morale high can increase your business’s productivity and revenue.
Click the read more button to discover 4 ways that morale can affect your business as well as some tips to boost employee morale…read more
Microsoft, Apple, Ford Motor Co., GE, and Intel were 5 of the most profitable companies (excluding banks and oil outfits) in 2012, according to CNN Money.
It is no coincidence that all the aforementioned companies are also featured on the CareerBliss 50 Happiest Companies list for 2013.
Business owners must strike that delicate balance between getting the most out of their employees, while offering enough incentive to retain the talent that brings innovation and profit to the company.
Some of the more unconventional strategies may not be for every CEO, but the results are undeniable.
Click the read more button to discover more about unconventional incentive strategies…read more
Employee absence costs businesses billions in revenue every year and remains one of the biggest concerns for Senior Management and Human Resources. It not only costs in terms of sick pay, but also in lost productivity. Additionally, it can affect morale when colleagues have no choice but to ‘pick up the slack’. Designing and Implementing an effective Absence Management programme may go a long way in providing a better environment for all. Guest blogger Finley Talbot provides some suggestions…read more
EEO Laws and Interview Do’s and Don’ts Know the Equal Employment Opportunity (EEO) Laws No employment discrimination based on race, color, religion, sex or national origin (Civil Rights Act of 1964, Title VII) If men and women perform essentially equal work in the same establishments, sex-based wage discrimination is prohibited (the Equal Pay Act of 1963) Individuals 40+ years of age are protected (The Age Discrimination in Employment Act of 1967) Qualified individuals with disabilities are protected for private sector, state and local...read more
This article is from guest blogger Jason Lancaster, a relocation professional and writer. Employee relocation policies can vary widely from company to company based on large variety of different business practices. However, there are staple relocation benefits that all good policies share. Jason discusses many of these good-to-have relo benefits…read more
Luggage from Work, Luggage from Home, This is a Vacation?
We unpack our luggage after our vacation, why don’t we unpack our luggage of work for our vacation?
While reading a local business journal, I nearly fell off my chair.
As most of us in the white-collar world as well as some in the blue-collar world can attest, when you go on vacation there is that ‘you are going to get some work done as well’ mentality present.
Whether it is self-imposed or not, workers are becoming more, let’s say un-relaxed than ever before.
The need to disconnect, recharge and rejuvenate is foreign to many. I like to call the combination Dr. R.
Those who say they only need a few days of here and there to be able to get back into the “full swing of things” I find unconvincing – once you get to know them you almost always find they just have a hard time in seeing Dr. R (a phobia to doctors I presume).
Click the read more button to discover more…read more