34 posts found for category: Small-business

Employee Onboarding is a crucial process that decides whether the new hire gets oriented in right direction or not. Having a formal orientation program with loads of paperwork for the new hire is not the best practice in today’s tech savvy world. With more tech-savvy millennials joining in, employers need to look for options that provide autonomy and self-sufficiency to the employees.  Employee self-onboarding tools streamline onboarding process and give employees the eas[...]
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TeemWurk announces the launch of its new self-onboarding tool “BREEZE” that will facilitate Groups to on-board themselves on TeemWurk, thereby reducing the manual data entry and data verification process.Breeze is a web-based client portal to make on-boarding experience soothing, simple and swift. With the speedier and easier Self On-boarding tool, Groups can successfully on-board themselves or brokers can on-board their employer clients in a fully controlled a[...]
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As the New Year rings in, everyone is decked up with resolutions and strategies to put to work. Employers and especially the HR professionals have come thorough a lot of challenges last year right from the beginning with the first-ever Affordable Care Act reporting, one of the most painstaking challenges of 2016!
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In a recent decision by a federal judge in Texas, the DOL’s (Department of Labor) new overtime rule under Fair Labor Standard has been blocked temporarily.
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The holiday season and probably everyone’s favorite time of the year is upon us again!  As Thanksgiving holiday gi[...]
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The Open Enrollment countdown has begun and employers’ panic has already made its way from the closed cabins to employee floors! Just[...]
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Employee benefits education is though not given a top priority when it comes to engaging employees, but it could be a key component in increasing employee engagement. Employee benefit education is mostly misunderstood with providing employees with benefits advice, but it is not exactly the same. It may lead to advice, but the prime motive is to provide employees the knowledge, skills and tools to make their own benefit decisions.
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When we talk about consumer choices and preferences, it has been observed that consumers always look for more options and can even react negatively when the options are restrictive. Considering the fact, it must be assumed that same active approach must be adopted while making benefit coverage purchase decisions. But, the trends show an opposite picture! Till 2011, majority of employers, nearly 71%, opted for the passive open enrollm[...]
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Recently released proposed regulations by the Internal Revenue Service will be applied for the taxable years that begin after December 31, 2016. The recent announcement is about implementing some of the rules previously announced in IRS Notice 2015-87. Along with the other regulations, a new rules was introduced regarding opt-out payments. As per the rule, employers that offer opt-out [...]
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Health benefits marketplace and legislative changes go hand-in-hand that make employers baffle out while choosing benefit packages for their employees. Moreover, employers are always under constant pressure about the adequate benefit coverage they must offer to their workers in order to meet their present and future needs. Since benefit offerings are one of the considerable aspect while attracting and
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Celebrating the 4th of July is one of the most exciting things about summers. You get to spend time with family, have barbeques, go to beaches, watch fireworks and take part in all the fun activities. The very spirit of the day is not just about United States of America being officially declared as a country, it’s about celebrating the values that the nation was founded upon. The declaration was written with the theory that every pers[...]
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Recently, an interim final rule has been passed by the Center for Medicare & Medicaid Service (CMS). The new amendment was made to regulate the Consumer Operated and Oriented Plan (Co-op) programs and tighten Special Enrollment Period (SEP) eligibility in the health insurance marketplace. 
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It’s the second year of the International Yoga Day on June 21st, as announced by the United Nations General Assembly and it marks as a perfect occasion to make your workforce aware of the many benefits of practicing Yoga. Yoga is a great blend of physical and mental meditative components that make it a perfect activity for individuals of any age to achieve a healthy lifestyle. Despite of different[...]
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Data flow in the healthcare industry is at its peak and continuously rising. But, alongside this data surge, there is one concern that is cropping up and it is that of data security and management. To address a gamut of pressing issues, data-driven healthcare is being used as a critical and transformative solution. In fact, around 59% organizations have put this on their priority list to successfully incorporate data and information exchanges. [...]
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In today’s increasingly competitive business environments, retaining A-listers in organizational talent pool has become every employer’s top most priority! No doubt, departure of some top-performing employees from the company can hamper the workplace productivity in a serious way, especially during its early stages.  According to a recent study, it is found that the cost of an employee turnover is, as much as 1.5 to 2 times of his/[...]
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The Affordable Care Act (ACA) has always been the most challenging and confusing regulatory burden for all size businesses. The shifting of IRS reporting requirements has further added to the complexity and made employers more worried than ever about the legal issues or fines that they may get subject to due to non-compliance. The new regulation involves more reliance on monthly data to be captured from employee time tracking and payrol[...]
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Paid Time Off (PTO) policy has always been a dilemma for employers. To figure out how to structure the policy and how to allocate the holidays still remains a pain. For employees, it’s a great benefit as there are many healthy employees who don’t take sick leaves and want to utilize their leftover leaves for some other purpose, and PTOs give them that liberty. But apart from the positive aspects[...]
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With Department of Labor (DOL) releasing the final version of the fiduciary rule, there has been an enormous amount of coverage over the compliance rules and how it affects employers and pan sponsors. Despite of a lot being written and said about, the communities that are going to get directly affected by the rule, are only in a dilemma. Here are a few frequently asked questions about the rule:
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It’s National Employee Benefits Day on April 4th and as designated by the International Foundation of Employee Benefit Plans (IFEBP), this is a very good chance to educate employees about their benefits, re-evaluate the benefit offerings and celebrate everyone’s hard work throughout the year. It is a day when the dedication and contribution of various corporate benefits practitioners, administrators and professional advisors towards [...]
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In the Notice 2016-22 issued on March 7, 2016, IRS has offered guidance and transition relief for employers to undertake the certification necessary in claiming the work opportunity tax credit (WOTC). This extension was provided to cover those eligible employees who started their employment between January 1, 2015 and May 31, 2016 and also include employees falling under the “long-ter[...]
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With the extensions of Work Opportunity Tax Credit through December 31, 2019, recipients like youths on their summer breaks, war veterans, food stamp recipients, etc. will now find it much easier to find employment. Under this law, employers are given a specific amount of tax credit to hire such individuals benefitting both the employees and employers, which subsequently help in boosting the nation’s economic growth and overall productivity.
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Organizations, at present, are increasingly expecting a lot more from their brokers, rather than just negotiating prices and insurance policy packages – to act as consultants. Not only this, the latest changes and new regulations with ACA have successfully played their part to increase this trend further. Employers now seek for more consultative services from their brokers that include guidance and advice about ACA compliance, reporting requi[...]
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2016 has come up with various rules and regulations coming into effect and a whole lot of extra complications in legal mandates for employers. The additional day in February isn’t just anywhere behind in increasing the complications for business owners. So, are you sure you are ready?I know it’s not as daunting as preparing for Y2K but yes still you need to be sure that you don’t run into any [...]
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Recent ups and downs in the ACA regulations and the all-new reporting requirements have triggered an immediate need for organizations to start searching for a benefits administration partner so that they can shed the load off their shoulders freeing themselves from the compliance hassles and concentrate on making their business more successful. Normally, organizations opt for a benefits administration solution to fulfill following requirements, according to[...]
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If we take a look at the various reports conducted worldwide, some important question arises; do employees actually feel financially-healthy today? Do they feel that they are on top of their finances and are extremely positive about their future, or are they feeling clutched up and struggling to make ends meet?Believe it or not, the state of your employees’ financial well-being very much af[...]
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Starting with the 2015 calendar year, Affordable Care Act imposes significant information reporting responsibilities on employers. Moreover, IRS has issued various forms and instructions that will be required to comply with these reporting requirements.But, fulfilling these new reporting requirements can significantly be harder for employers if they don’t posses necessary tools. With so many benef[...]
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Happy Thanksgiving! Finally the holiday season kicks-off with a lot of bells and whistles!Keeping aside the open enrollment fever, we all look forward to the Thanksgiving dinner delights-roasted turkey with stuffing, mashed potatoes, cranberry sauce and the yummy pumpkin pie; and sharing those light moments with friends, family and loved ones. But still there are many who work in the backend to make sure you get properly enrolled.This [...]
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While Thanksgiving purports to be the day when all friends and family members gather to celebrate the bounty of harvest, the blissful lives we live and so on; many of us just wait for that perfect Thanksgiving feast that permits us to dodge all our dietary restrictions. The celebration offers a lot of sugary treats and even workplaces are not excused from the festive fever!Apart from the dinner deli[...]
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The “Healthy Workplaces, Healthy Families Act” (AB 1522), signed by Governor Brown in September 2014, came into effect on Wednesday July 1, 2015. The new law required employers in California to provide paid sick leave benefits to all their employees. With the law coming into effect,  employees are given a moment to rejoice, but not the employers. With the new development, California becomes the third state to allow paid sick leaves for al[...]
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Over the last two years, Internal Revenue System, Department of Health and Human Services and Department of Labor have individually issued FAQs that state that the employer payment plans or the premium reimbursement plans for health coverage of individuals are prohibited as they are not in compliance with the Affordable Care Act and Health Care Reform. Any employer found violating the rule would be subjected to pay an excise tax of up to $36,500 per year th[...]
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Cash flow is considered as the lifeblood of any business, particularly for small businesses. Thus how it’s managed can drastically affect the success or failure of the business. It is important that businesses keep handling cash flow on priority and ensure that they have adequate finances to fulfill all the expenses in a timely fashion.To satisfy this need, following 5 tips might prove to be helpful:#1. Mak[...]
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The past few years have seen a standardized inclusion of traditional voluntary benefits in the employee benefits package, particularly in large organizations. But some savvy employers have now initiated a new trend of incorporating more non-traditional or unconventional benefits in their employee wellness offerings that helps them attract, recruit and retain talented employees. According to a
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In many ways, small businesses are considered as the powerhouse of our economy. This reality is celebrated this National Small Business Week (4-8 May) by a series of events.There are around 20 – 30 million small business in the U.S., who employ almost 60% of the nation’s workforce. Moreover, they are the majority payroll payers, amounting up to 44 % of the total country’s payroll. Now you know [...]
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Offering a 401(k) plan to employees is a rarity in small and midsize companies. Though the plan is one of the most valued and at the same time gives organizations a competitive edge in attracting and retaining talented employees, not many companies having a smaller employee base provide it. Apparently, many business owners believe that offering the plan could cost too m[...]
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