If you’ve ever been involved with any business travel, you may have heard of the term “per diem”. It’s a type of reimbursement that employers give employees when they’re traveling for work purposes. Since per diem payments are a simple way to compensate employees for traveling, most employers hop on board.
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If you own a business, it’s likely that you have a website in order to promote your products or services. Creating and maintaining your online presence is essential for moving your business forward, but there are some important considerations when creating a website. One of the essential things you must take into account when managing your website is whether it’s compliant with the Americans with Disabilities Act (ADA).
2 CommentsContributed by: Kiara McColl
“How do I increase my employee productivity rates?” is a question that comes up in the mind of every business owner. High employee productivity is capable of taking you up the competitive ladder within a short period. However, most businesses today tend to struggle with their overall employee productivity rates, especially since so many employees work away from an office these days. By finding ways to increase your employees’ productivity rates, you will increase your return on investment (ROI).
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If your employees are back to work, you’ve probably established new policies to comply with social distancing guidelines. You’ve most likely worked out new policies regarding how to handle documents, time tracking, customer service, and more. You have gotten this far, but have you considered taking a look at your current time off policy?
Most people can’t travel like they used to, which means that many employees aren’t using their PTO as they normally would. What are you going to do with those hours? Allow them to rollover their hours to the next year? Are you going to implement a use-it-or-lose-it policy? There’s a lot to consider now that the coronavirus has changed the way people work. What are you planning on doing with your PTO policy?
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The dawn of remote work passed a long time ago. Ever since the digital office became possible many companies have utilized a partially virtual workforce. Smartphones and laptops have allowed us to abandon the strictly traditional office environment. In fact, according to a 2018 study by Upwork, 63% of businesses had turned to a virtual workforce by 2018.
COVID-19 has accelerated the shift to remote working conditions for many businesses. This has posed new challenges, not only in terms of management, but also how to remain in compliance with labor laws.
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Time tracking is a vital aspect of any organization. Proper time tracking can give managers insight as to what projects occur, who’s on the clock, and how many hours an employee works through a payroll or billing cycle. Ultimately, time tracking is the lifeline of any functioning organization, and you want to make sure that you get it right. Take a look at the list below of our 6 top-rated time tracking systems so you can start improving your productivity, proficiency, and profits:
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Businesses are facing greater challenges than ever before in 2020. The global pandemic has resulted in an economic crisis that has left many companies scrambling to find ways to stay afloat. And, in some cases, change their basic practices from top to bottom. It can be immensely difficult, but at this point adaption is a matter of survival for most businesses.
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It’s easy to mistype data when you’re manually entering time records into a payroll system by hand. If you’ve made payroll mistakes in the past, you’re not alone. Studies by the American Payroll Association show us that approximately 40% of business owners make payroll mistakes annually. This results in an average of $845 in IRS penalties every year. In order to avoid this, many business owners have invested in online time tracking services that calculate records automatically. This type of software transfers your employees’ time records to payroll and accounting software platforms with ease, avoiding the need to enter time manually. If you’re manually entering data every pay cycle and you’ve made a payroll mistake, you might wonder how to handle it and, more importantly, when you need to handle it. We can help.
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Pay cuts aren’t ideal; however, they’re sometimes the only option when an employer faces difficult economic periods. As the coronavirus takes its toll on the economy, many employers have had to make the unfortunate decision to cut many employee’s wages. Some small business owners were lucky enough to obtain Payment Protection Program (PPP) loans. This money allowed business owners to pay their employees and get back on their feet; however, the money given was often not enough to pay all employees their original wages. If you received news that your pay decreased and you need to know what your new salary or hourly wage is, read this article.
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A full-time equivalent (FTE) calculation is normally used as a way to analyze an industry or to measure an employee headcount for projects, profits, or revenues. It’s also incredibly useful for business owners to stay compliant with the Affordable Care Act (ACA) or other laws. Nowadays, many business owners must calculate their FTEs in order to receive Payment Protection Program (PPP) loan forgiveness. Business owners must prove that they maintained the same number of FTEs during the 24-week period to receive full loan forgiveness.
No matter the case, if you need to learn how to calculate FTEs, we’ve got you covered.
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Most managers prefer to keep conversations on the surface rather than taking a deeper dive into an employee’s feelings. A typical employee arrives to work and has this conversation with a colleague:
“How are you?“
“Doing great. You?“
“I’m okay.“
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As different states begin exploring reopening plans, business owners must start thinking about the logistics of the “new normal.” There will undoubtedly be stipulations depending on where you live, and how severely the COVID-19 pandemic affected your area. Nevertheless, this is a great opportunity to come back with a re-energized focus on your business.
With a renewed motivation, you’ll put your best foot forward as a business owner. Whether you are reopening after a few months off, learning how to start a business or implementing new health and safety standards, or balancing the expectations of customers with the emotional well-being of your employees, there are plenty of considerations before the much anticipated “open” sign flips from “closed.”
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