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President Obama Reveals Increase in Minimum Wage for Federal Contract Workers
If you are an employer with federal government contracts, prepare to pay your employees a higher minimum wage on new contracts soon. President Barack Obama announced in a Jan. 28 White House fact sheet that he intends to issue an executive order in coming weeks requiring employers to pay contract workers at least $10.10 an hour, so price your future bids accordingly and anticipate additional guidance to ensure compliance.
The Five-Step Plan for Millennial Workers
Ready or not, millennials are storming the workforce, most with a hunger to make it to the front lines and quickly. By 2020, they will make up almost half of workers nationwide. While arguably overeager, millennials aren’t a generation to overlook. Rather than dismissing these estimated 80 million Americans for weaknesses real or perceived, employers should consider leveraging their strengths in addition to developing those deficits.
W-2 Distribution: When Should I File?
The beginning of the New Year is a time for celebration, commemorating last year’s accomplishments and pledging new goals for the New Year. However, don’t get caught up in the excitement and forget to submit your W-2’s. Although a letdown for many, W-2 form distribution is required. That is unless you want to run the risk of accruing fines and penalties, which can really lead to a rough start to the New Year.
Making the Grade on Teacher Assessments
Reading, writing, arithmetic – and assessments? School administrators find themselves struggling with not just how they can ensure students are meeting their goals in the traditional “Three Rs,” but also how they can make time for states’ newly mandated classroom teacher evaluations. For many schools, this new evaluation model replaces ones that have been in place for decades.
Are Your Employees Looking to Leave in 2014?
With the economy strengthening, businesses need to review their talent management practices or risk losing workers. According to a Career Builder survey, “21 percent of full-time employees plan to change jobs in 2014, the largest amount in the post-recession era and up from 17 percent in 2013." Regardless of your notion about the economy’s growth, the numbers suggest a positive outlook and companies should be cautious.
FICA Tip Credit: Serving Up Savings
Owning a restaurant seems like a glamorous idea, or at least it did to me, but there’s more to running a restaurant than cooking good food and mingling with customers. In order to be a successful restaurateur you have to have a good grasp on the fundamentals on running your establishment. You have to meet customer demands, maintain inventory as well as staff and manage expenses.
Talent Management: Cultivating the Best of the Best
Cultivating top talent is at the top of any good recruiter’s list, but hiring is merely one piece of the puzzle. A successful recruitment process will transition candidates smoothly from hiring to developing and retaining. The process is continual and involves attracting talent, cultivating a solid company rapport, fostering positive employee engagement, and nurturing skills through consistent, ongoing training. Ultimately, it’s about building a strong and reliable workforce that can bring added value to your organization.
Outsource COBRA to Avoid the Deadly Bite
Following the introduction of the Affordable Care Act (ACA), one question that may linger on employers’ minds is this: “How will this reform affect COBRA?” With the ACA’s health care reform, the business of employee benefits is even more complicated, yet almost all employer groups are required to comply. COBRA – aka the Consolidated Omnibus Budget Reconciliation Act – especially applies to private-sector companies offering group health care to 20 or more employees. If mishandled, COBRA can strike and the repercussions could be detrimental to your business.
The Historical Recurrence of the WOTC Hiatus
Times are changing, especially in the case of one of America’s staple tax credits, known as the Work Opportunity Tax Credit (WOTC). Since its inception in 1983 under a variety of different titles and officially pegged as WOTC in 1996, the federal tax credit has been modified and extended numerous times, including going on hiatus. Its last break was from Jan. 2, 2012, to Jan. 2, 2013, but it has expired yet again as we start 2014.
Tax Prep for 2014
For many people losing weight tops the lists of resolutions, but it isn’t the only solution to improving your well-being. Start the New Year right by shaving a few pounds off your work load rather than just your waist. With tax season right around the corner, now is the perfect time to get all your […]
Tis the Season: Tips for Retail Managers
The holiday season can be filled with joy, but for many retailers and their employees, that feeling quickly subsides. With the new holiday tradition to keep doors open later than ever – and in some cases, for 24 hours – employees simply lose their drive and holiday cheer. The winter holidays bring big revenues for retailers, which is why it is important to have an alert and energized staff. Employees are the lifeblood of a company, so you want to ensure their needs are met first and foremost.
It’s Beginning to Look a Lot Like Christmas … Vacation: Planning Corporate Holiday Schedules
It’s the most wonderful time of the year … and one of the busiest times for employee schedules. The Christmas season quickly can turn blue for both employees and companies when holiday vacations and paid time off (PTO) aren’t handled well. The Fair Labor Standards Act (FLSA) does not require employers to provide paid federal holidays for employees — in fact, it doesn’t even bar companies from asking (or forcing) employees to work Easter, Thanksgiving or Christmas Day.