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Business’s Retirement Plan Tax Deduction Can Increase Owners’ Personal Tax Deductions

Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.

American Rescue Plan Offers Free COBRA Coverage, But it’s Very Complicated

When President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA), one of the effects was to make COBRA continuation coverage free for certain qualifying individuals and their families from April 1 to September 30, 2021. The free coverage is available to those who lose group health plan coverage because either (1) they […]

What if you Paid Your Employees to Be Financially Savvy?

“According to a recent study, 78 percent of full-time U.S. workers are living paycheck to paycheck and 71 percent said they are now in debt. Leading HR software provider BambooHR strongly believes that having good financial health is critical for its employees to not only live a less stressful life, but to help them do great work while […]

Beware the Practice of Talent Hoarding

It’s a rather natural tendency among many in the management ranks: the temptation to hold on to star performers in current roles, rather than encouraging their promotions, succession plans or transfers to other areas of the company.

Getting Back to Basics with Stay Interviews

As an HR professional, you have probably had your fair share of exit interviews. While they are designed to get valuable input from employees that are transitioning out of the company, the results can often be skewed. Employees are either afraid of future backlash and are overly positive, or have an ax to grind and […]

Top 10 Must Reads from Compensation Daily Advisor

Flex—’Nice-to-Have’ or Business Imperative?“Flexibility is a business imperative,” says consultant Diane Burrus. It’s not “Nice-to-have,” it’s a results-based business strategy. Her practical tips in today’s Advisor. Catch Me If You Can Compensation? DOL Says ‘I Caught You’Employers can say “Catch me if you can,” but they had better be ready to explain their decisions when […]

Maximizing Employee Presentation Skills: How Anyone Can Become a Superstar Presenter

In today’s workforce, effective presentations can make the difference in achieving multiple business goals, from closing sales to delivering employee training, internal communication, and beyond. This makes presentation skills important for employees at many levels, and employees agree. As found in the recent Superstar Presenter Spotlight with over 1,000 U.S. professionals surveyed, better presentations can […]

EEOC Files First COVID-19-Related Suit After Employer Rejects Remote Work Request

Along with a new wave of post-COVID-19 litigation surfacing across the country, the Equal Employment Opportunity Commission (EEOC) has filed its first lawsuit against an employer for allegedly failing to accommodate and unlawfully terminating a disabled employee who had asked to work remotely because of the pandemic. Facts Ronisha Moncrief was a health, safety, and […]