You might decide to move an employee from hourly to salary because he or she has been promoted or given more responsibilities. Or maybe you want to simplify payroll-cost estimation, as salaried employees are usually paid a fixed amount. But before you do the conversion, it’s essential to consider the employee’s classification. Hourly employees are […]
It seems no one likes employee reviews. Managers are nervous about giving them, and employees are nervous about receiving them. But it doesn’t have to be that way. The key is to make sure everyone knows what’s expected; then, a review can be a positive process for everyone. Just consider the 10 key steps to […]
Every year, the IRS takes a fresh look at 401(k) contribution limits and makes changes as necessary. Below are some of the more significant changes for 2020: Contribution limits for employees who participate in 401(k) plans, 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan are increasing to $19,500 from $19,000. The catch-up […]
Can Employees Discuss Their Salaries at Work? To prevent this outcome, you might consider developing a policy that prohibits employees from discussing their pay with their co-workers. But before you do that, remember that you may run afoul of federal law.
We live in a fast-paced society where people are forever on the go. There’s hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. Could tuition reimbursement be a solid investment for your company? According to a Gallup survey, 87 percent of millennials say […]