News
Super Size Your Social Security Benefits!
What are the best ways to maximize your Social Security benefits? The Social Security Administration doesn't give case-specific advice to individuals, so it's up to the individual worker to know the rules and do the proper research. For example, writing on the Bankrate.com website, Jennie L. Phipps describes some keys to getting the most out of Social Security: (1) Wait a while. At age 70, the monthly benefit is 76 percent higher than it would be at age 62 and 32 percent higher than it would be at age 66. (2) But then again....Doug Carey, founder of the financial [...]
Trouble Making Payroll in a Tough Economy – Could Vacations be the Answer
Making payroll is always a top priority. But for many companies during the economic difficulties of the last few years, payroll has been an ongoing concern every pay period. Creativity and loyalty to staff members has given many company leaders the incentive to find alternative ways to make payroll, rather than laying off valuable, dependable workers. In October 2008 the Society for Human Resource Management (SHRM) conducted a survey that examined paid leave policies and practices in the workplace. The survey was intended to help answer questions and propose potential solutions to help businesses stay viable and employees stay engaged [...]
When is Outsourcing Payroll A Necessity?
Even the most savvy entrepreneurs sometimes have a difficult time keeping up with payroll taxes. According to howstuffworks.com, payroll taxes can create trouble, because “Complicated tax forms must be filled out and filed on an annual, quarterly, sometimes even weekly basis. Missed deadlines and improper tax filings can result in steep fines and even jail time.” A business owner managing payroll can be a huge time waster. That’s bad for the owner and bad for the company. Sitting in the office staring at a calculator cuts down on the time an owner can spend investing work into their business. Small [...]
How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?
Businesses save money by outsourcing payroll, but exactly how? The obvious answer is that outsourcing fees are less than the cost of paying in-house payroll staff member salaries and benefits. But there are other savings created by outsourcing that are less obvious. While it’s true that hiring fewer payroll staff members keeps individual salary budgets in check, an indirect result of this is also beneficial: keeping the company size classification in check. The federal healthcare law requires employers with 50 or more full-time workers to provide healthcare insurance to employees by 2014 or pay a penalty. So what if a [...]
Salary Discrepancy Between Men and Women
Salary discrepancy between men and women.The salary gap between men and women in the U.S. has closed significantly in the last 50 years. But despite a generation or so of serious attention to the issue, there’s still a long way to go to achieve the elusive goal of equity. “These differences aren’t going to go away overnight,” said Dr. Nancy Bush, a marketing professor at Wingate (N.C.) University, noting that equal pay for men and women was part of the Republican platform during the 1956 re-election campaign of President Dwight D. Eisenhower. Men earned as much as 40 percent more [...]
Dating In the Workplace: Fifty Shades of a Legal Debacle?
Dating in the workplace: Legail Debacle or Life Changing Romance!For those enthralled in the best seller Fifty Shades of Grey, a workplace romance might seem like a positive next step in life (or in the workplace) but the reality is not that sexy. For employers it may prove to be an untidy and expensive embarrassment. All too often what starts as a common interest in another person can end up in a messy sexual harassment law suit. Sexual harassment is defined legally as a coercive tradeoff where job benefits are exchanged for sexual favors. It is illegal under the Title [...]
