Including group short-term disability coverage as part of a comprehensive benefits package aligns with a holistic approach to employee well-being and can contribute to a positive employer brand.
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Read the article for 3 unique human resources (HR) tips that can enhance the workplace environment and employee satisfaction.
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A buy-sell agreement, also known as a buyout agreement, is a legally binding document that outlines what happens to a business in the event that one of the co-owners (or partners) wants or needs to sell their interest in the company.
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The Internal Revenue Service announced an increase in the 401k and IRA contribution limits for 2024. Now you can save even more for your retirement and secure a brighter tomorrow.
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Under this new proposal, any non-exempt employee who is on a salary and does not have supervisory responsibilities can earn up to $55,000 per year. If their salary falls below this threshold and they work more than 40 hours in a week, you would be obligated to pay them overtime, which is calculated at 1.5x their hourly rate.
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The IRS recently stopped processing Employee Retention Tax Credit (ERTC) claims. The ERTC was introduced during COVID as a pandemic-related tax credit that offered money to help employers that retained their employees during the pandemic.
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Younger workers, burdened by student debt, often neglect retirement contributions. With the new law, employers can make contributions on behalf of these employees, matching the amount of their annual student loan repayments.
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HR trends are not mere buzzwords; they are the guiding principles that shape modern HR practices. They enable organizations to adapt to changing workforce dynamics, ensure compliance with regulations, enhance operational efficiency, and build a workplace culture that attracts and retains talented individuals. Keep up with anticipated HR trends for 2024.
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