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6 Tax Breaks and Benefits for Small Businesses in 2020

Zenefits

As 2020 progresses, owners of small and medium-sized businesses are planning for the future and looking for ways to leverage tax cuts and incentives to grow and expand. If you missed any of the tax incentives from last year, it might not be too late to use them, as well. Green vehicle incentives. Retirement plan credit.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

This article outlines the advantages of a structured, well-thought-out compensation strategy and provides tips for successful implementation. A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. What is a compensation strategy? About the Author.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

This article outlines the advantages of a structured, well-thought-out compensation strategy and provides tips for successful implementation. A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. What is a compensation strategy? About the Author.

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Key Employee Retention: 13 Win-Win Strategies for your Company

6Q

Well, you’re not alone! Ensure the candidate has access to the tools and resources to settle into their job well and have their KRA well defined. In a larger set-up, employing the ‘buddy system’ is an excellent tool to get new employees well inducted into the system while giving them a go-to person.

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3 Performance Management Best Practices for Healthcare

Precheck

In the hectic daily grind of delivering care to patients, that’s often not articulated very well, or at all. The competition for workers isn’t going to decrease anytime soon with baby boomers rapidly shifting into retirement. Tie pay increases, bonuses, training, promotions, etc., Antique-Nguyen.jpg.

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Minimum Wage Increase: The Positives and the Pitfalls

Paycor

Adjusted for inflation, the federal minimum wage peaked in 1968 at $12.22 (in 2018 dollars). Eighteen states and localities raised their minimum wages in 2018. The new minimum wage will have an impact on about 250,000 full- and part-time employees, as well as the 100,000 or so seasonal workers Amazon expects to hire for the holidays.

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The Importance of Employee Retention

The Incentive Solutions News blog

In 2018, a combined $617 billion was spent on voluntary employee turnover. Besides the unavoidable reasons for losing employees (retirement, etc.), Whether you're a manager, an HR department professional, or CEO, you have an understanding of where your company excels as well as where it could stand to enhance company culture.