High employee turnover can be a formidable obstacle to your employee engagement initiatives. Losing your top performers can drain resources, disrupt productivity, and hinder growth. That's why reducing employee turnover is fast becoming the primary concern among companies worldwide. Thus, understanding...
ESOP stands for employee stock ownership plan. An ESOP grants company stock to employees, often based on the duration of their employment. Typically, it is part of a compensation package, where shares will vest over a period of time. ESOPs are designed so that employees’ motivations and inter...
Under the updated legislation, businesses with 100 or fewer employees that adopt a Simplified Employee Pension (SEP), SIMPLE plan, 401(k) or profit-sharing retirement plan can benefit from expanded tax credits.4 Originally introduced in the SECURE Act, these credits can now be applied to busines...
In addition to this some models now include a 5th P: People. Focusing on the importance of customer and employee interactions in the marketing mix. 11 best marketing strategies One of the biggest challenges in marketing strategies is keeping up with changing market trends and consumer preferences...
We’ll take a closer look at everything that can (and should) be included in your employee handbook a bit later on. For now, just know that a handbook is meant to be an end-to-end resource that allows your employees to gain a true understanding of what it means to belong to your ...
A syndicate is a temporary alliance of businesses who join together to manage a large transaction that would be difficult to effect individually.
Here’s a breakdown of how bonuses are taxed. What are supplemental wages? The IRS considers bonuses to be “supplemental wages.” Asupplemental wageis money paid to an employee that isn’t part of his or her regular wages, according to the IRS. ...
Base pay, also commonly referred to as a base salary or hourly rate, is a fixed amount that an employer agrees to pay an employee in exchange for time and services agreed upon before the employee begins working. Base compensation is most often expressed as an hourly rate, or annual salary...
The term job satisfaction is used in organizations to understand the state of an employee’s happiness in their job. Learn all about it here!
Effective January 1, 2020, an employee paid $684 or more per week (raised from $455 per week) is not eligible to accumulate overtime hours. In addition, a “highly compensated employee” (HCE) who makes $107,432 or more per year (raised from $100,000) is not eligible for overtime ...