To you, their salaries are just a line item in the budget. To your employees, they're much more. Your employees are your business, so ignore the following truths at your peril:
Same-sex issues and benefits are among the hottest topics in the employment area - with good reason. Employers are faced with an increasing amount of government oversight, investigation and frequent, sometimes, daily changes in what is required, what is optional, and what is prohibited. The consequences of these issues often go beyond just legal compliance, although that is a very important aspect.
If you hire temporary workers for the holiday season (full- or part-time), be sure to complete background checks as if they were applying for permanent positions. After all, even someone working three hours a day can cause irreparable damage to your business through theft, drug sales, workplace violence, harassment, etc. Certainly, you deserve to know if even a part-time worker with limited hours poses a threat to your business.
Michigan business entities, as well as individuals, may have significant known and unknown liability for use tax on purchases subject to the sales tax, but where payment of the sales tax cannot be proven. This is due to the Andrie Michigan Supreme Court use tax decision.
An employee handbook too often becomes a dusty tool that is relegated to a remote shelf. In fact, it is a vital communication channel for your employees. It’s best to realize that before you are sitting in your attorney’s office, trying to prepare a defense to a suit or claim and wishing that you had included or excluded statements in your employee handbook.
The first few weeks on the job cement an image of your company in the mind of your new employee. What do you want that image to be and who do you want to be crafting it? New employees will naturally seek out information to form an understanding of your corporate culture, how they fit into it and whether or not they made a good decision in coming to work for you.
All employers (other than those who employ individuals who harvest crops by hand) are required to pay their employees:
- On or before the first day of each calendar month, all wages earned during the first 15 days of the preceding calendar month; and
- On or before the 15th day of each calendar month, all the wages earned during the preceding calendar month from the 16th day to the end of the month.
The most significant component of the Affordable Care Act (also known as Health Care Reform) for large employers is set to take effect in 2015. Large employers, which generally means employers with 50 or more full-time employees and full-time employee equivalents, need to take immediate action in advance of the effective date.
As entry-level positions open up at your company, the talent, energy and passion of a recent graduate may seem like the perfect addition to your company. But employers beware: pulling in the best and brightest college graduates may be more challenging than you think.
U.S. employers expect a 4% increase in 2015 health care costs for active employees after plan design changes, according to global professional services company Towers Watson (NYSE, NASDAQ: TW). If no adjustments are made, employers project a 5.2% growth rate, putting absolute cost per person for health care benefits at an all-time high.