Tag: business owners
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Flexible Schedule Jobs: Give Your Employees What They Want
Flexible Schedule Jobs: Give Your Employees What They Want Daycare and child care costs parents over $16,200 a year, and that price is growing at double the rate of inflation. Since both parents began routinely entering the workplace in the 1970s, child care has increased more than 2000% (and it’s still rising)! It isn’t only…
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Workers Comp Costs: Advice for Small Business Owners
For something that’s mandatory in most states, workers compensation insurance is not very well understood. This makes perfect sense since there are a number of moving parts — some of which you have no control over. Most states require business owners to carry workers comp insurance even if they only have one employee. This may…
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Payroll Tax Changes in 2021: 5 Helpful Tips for Employers
The general makeup of employee paychecks, outside of wages, are federal income taxes, Social Security, and Medicare expenses. One of those, Social Security payroll taxes, is increasing by almost 3.6% to $142,800 in 2021. What does this mean for you as an employer? Compared to 2020, an increase of $5,100 in Social Security payroll taxes…
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High Employee Turnover Rate? 4 Ways to Retain Staff
Are you a business owner struggling with a high employee turnover rate? Watching employees come and go isn’t just frustrating — it’s expensive. The average cost of recruiting and training a new employee is over $4,100. Even the smallest businesses will pay around $1,500 to onboard one new hire. If some of your HR goals…
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The CARES Act for Small Business Owners: What You Need to Know
Earlier this week, President Trump signed the CARES Act bill worth an impressive $2.2 trillion. The goal of the bill is to help keep our economy afloat during and after the coronavirus epidemic. As a small business owner, you’re no doubt concerned about the impact this virus will have on your company and your employees. The good…