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Business’s Retirement Plan Tax Deduction Can Increase Owners’ Personal Tax Deductions

Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.

Teambuilding

Activities to Promote Teambuilding for Remote Employees

Even as the country begins to reopen from coronavirus-related shutdowns, organizations are finding it may make sense to have many employees continue to work from home. For this shift to remote work to be successful long term, however, there are necessary components to help teams work well together with fewer in-person interactions.

interruptions

The Problem of Interruptions at Work

When most of us were children, we probably didn’t dream about having a solid block of 8, 4, or even 2 hours to sit down and really focus on some work. But in today’s modern workplace, such uninterrupted work time truly is a luxury for many people.

What if you Paid Your Employees to Be Financially Savvy?

“According to a recent study, 78 percent of full-time U.S. workers are living paycheck to paycheck and 71 percent said they are now in debt. Leading HR software provider BambooHR strongly believes that having good financial health is critical for its employees to not only live a less stressful life, but to help them do great work while […]

skills

Upskilling Versus Re-Skilling

In the wake of the COVID-19 pandemic and the Great Resignation, companies around the world have been faced with changes in the skills necessary to succeed, as well as more difficulty in hiring new staff or replacing departing employees. Many employers have resigned themselves to the idea that they can’t easily bring on new staff […]

Top 10 Must Reads from Compensation Daily Advisor

Flex—’Nice-to-Have’ or Business Imperative?“Flexibility is a business imperative,” says consultant Diane Burrus. It’s not “Nice-to-have,” it’s a results-based business strategy. Her practical tips in today’s Advisor. Catch Me If You Can Compensation? DOL Says ‘I Caught You’Employers can say “Catch me if you can,” but they had better be ready to explain their decisions when […]

meeting

How to Ensure the Use of Meeting Minutes

In two previous posts, we discussed why it’s important to use meeting minutes to document what occurs in your meetings, and we discussed the minimum elements that should be incorporated in meeting minutes to achieve the key objectives of the meeting.