Tuition assistance becoming more common for employers to retain key workersHeadley, T L
Additionally, tax deductibles can help individuals retain more of their hard-earnedincome. This also serves as the point of encouraging responsible financial planning. Individuals are incentivized via tax deductibles to continue earning wages and contributing a smaller amount of taxes that also contribute...
It can also occasionally be used to help companies retain employees instead of letting them go when jobs get eliminated. 13. Skill gap Definition: The difference between the skills an employee possesses and the skills required for their current or future role. Coined to highlight the need for ...
These are just a few examples of what employers can do when they find themselves in a stage of uncertainty and need to address challenges head-on. This stage is also what is called the Pruning stage the 3-Tiered Stratification Model™ in the bookIt’s Personal: The Business Case for Car...
Although many employers prefer the straightforwardness of fixed pay, it’s not as simple as it seems.You need to understand all the different types of allowances associated with fixed compensation. Then, you must decide which fixed allowances to add to your employees’ basic pay to attract tal...
— Employers often use non compete and non solicitation clauses to retain employees. While non competes are not enforceable in California, if you’re not careful during the hiring process, you could find yourself on the wrong side of a non solicitation proceeding. The right way: Make ...
This also applies to companies, and employers should be careful to restrict access to confidential information as former or disgruntled employees may retain access to your account details. How to protect against identity theft The easiest and least expensive way to protect your identity online is to...
Start with the technicalities. Telecommuting seems like such a simple concept—your employees occasionally work from home. Unfortunately there may be legal issues for employers, from taxes to insurance. Consult your legal team and make sure you understand the ins and out...
Using ChatGPT for records auto-categorization will also lead to cost savings for businesses. Traditionally, document categorization has been done manually by employees, which can be inaccurate, time-consuming, and labor-intensive. However, by using ChatGPT, organizations can free up employees to work...
For your company, it's important that your payroll accounting is audited internally on a scheduled basis to avoid these payroll errors and identify them to remedy them quickly. Writing a Payroll Discrepancy Letter Miscalculated payroll can impact your relationship with your employees. The best wa...