Prices in the US are soaring. In fact, in 2022, prices increased faster than they ever did in the last 40 years. Fortunately, the federal government has announced some individual payroll tax adjustments for the year 2023, which may help alleviate the effects of high inflation to some extent. The federal government announces these payroll tax changes — mainly concerning wage caps, income tax brackets, and non-taxable contributions — every year to adjust to economic conditions. Read to the end for our downloadable Payroll Tax Changes Checklist for 2023.
The Great Resignation isn’t slowing down anytime soon. According to the Bureau of Labor Statistics, about 4.2 million people quit their jobs in July of 2022 alone.
Diversity and inclusion have become an integral part of attracting new talent. In fact, 76% of job seekers consider diversity to be a significant factor when evaluating potential employers. Writing inclusive job descriptions is no longer a choice if your company wants access to a larger talent pool.
Congrats on recruiting the perfect candidate for your remote role. However, the work is far from over. There’s still a crucial phase that will determine the immediate future of your company’s new remote employee: virtual onboarding.
You just finished making yourself some coffee and are walking over to your desk when you suddenly hear a commotion. You and your colleague give each other puzzled looks and go find out what all the ruckus is about. You stare in disbelief at an enraged co-worker being dragged away by security!
Meetings are an inevitable part of the job, often needed to inspire ideas, engage employees, and discuss ongoing projects, among many other things. However, a meeting isn’t always necessary and, when forced or conducted poorly, can take a toll on team productivity.
A modern HR professional needs to be competent in the use of human resource information systems. This is a key requirement if you want to thrive in a data-driven world. While learning on the job is a great way to go about it, there’s one way you can expedite the process: getting an HRIS certification.
You’ve spent a lot of time researching your options, interviewing stakeholders, and shortlisting HRIS vendors before making the final choice. After all that effort, you’ve finally decided on the best-fit solution to automate your core HR processes. But there’s still a major step left that can make or break this project: HRIS implementation.
Human resources is responsible for talent acquisition, employee retention, and ensuring smooth day-to-day administration. However, there’s one additional role that all HR professionals play, which is perhaps the most important: acting as the first line of defense against legal issues.
Employers have been using defined contribution plans to attract and retain top talentsince the launch of 401(k)s in 1978. These plans transferred most of the risk involved with defined-benefit plans from the employers to the employees. The only problem? Managing a 401(k) comes with high administrative costs that most small businesses can’t afford. As a result, only 53% of workers at private companies with fewer than 100 employees have access to employer-sponsored retirement plans.