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For decades, large corporations and many other employers have been offering employee benefits, such as health insurance and retirement plans, as a way to attract and retain talent. However, providing a variety of benefits that support employees’ overall well-being and ability to fulfill goals outside the office can yield an array of advantages for organizations…
Creating a crisis management response plan is something most organizations don’t want to think about. Numerous studies also confirm that only about half of all organizations have any kind of crisis plan in place. Make sure your company is prepared. If your company is one of the 51 percent of organizations that admits to not…
For CPAs and other professionals in the accounting industry, working long hours is common—particularly during tax season. As their average work weeks exceed 40 hours, some accounting firm employees have wondered whether they are entitled to overtime pay. This question hinges on whether they are classified as exempt or nonexempt employees under the federal Fair…
Performance reviews are dead, or so we have been told. The data shows a shrinking support for the traditional method: only 15% of companies have not adjusted their annual performance management process and do not plan to. But the data from our Performance Management, Culture, and Business Results study shed a different light on the…
Have You Audited Your HR Practices? For CPA firms and other businesses in the accounting industry, the stress of delivering optimal results for clients in light of a complex, ever-changing tax code can detract from effective workforce management and compliance with employment laws. However, it is crucial for employers in any industry to periodically review…
Did you know that organizations with formal recognition programs have 31% less voluntary turnover than organizations that don’t have any program at all? And they’re 12X more likely to have strong business outcomes. Do you know what motivates employees, the benefits (and costs) of employee recognition, and how to effectively approach it in your organization?…
How many people trust their managers? A recent study by Edelman found that one in three employees don’t trust their employer. Another study by EY found that number to be even lower, with only 46% having trust in their organization, and 49% in their boss/team. Trust is one of the most important things you need…
Minimize Employee Absenteeism with Time & Attendance Software If you did a head count around your workplace, how many absences would you notice? Maybe one or two every day? Perhaps a handful each week? According to 2017 Bureau of Labor Statistics, the absence rate for full-time employees is 2.9%. That means if your company has…
Numbers speak louder than words, especially when it comes to tracking performance and making strategic decisions that drive growth. So, the question becomes: What numbers should HR teams focus on? The most important human resources metrics are the ones that tie into the company’s high-level goals and bottom-line numbers. Executives want to get a pulse…
Agency Reverts to 2008 Guidance The U.S. Department of Labor (DOL) has withdrawn its 2014 guidance regarding the meaning and scope of the term “employment relationship” under the federal Fair Labor Standards Act (FLSA) and replaced it with its guidance from 2008. As a result of this move, the DOL no longer advises that “most…