Best Practices for Performance Reviews
Performance reviews are traditionally daunting, intimidating, and overwhelming. It can create stress for employees as their every action is reviewed. Employers have to review all employees, and often base raises on those reviews. Worse still, performance reviews often happen around the holidays, which is already a stressful time of year. But what if performance reviews […]
2023 IRS Limits Increases
Recently, the IRS announced its cost of living adjustments for the dollar limitations on flexible spending accounts, health savings accounts, and retirement plans for the 2023 tax year. Due to the increasing inflation, many of these limits went up significantly at some of the highest rates of this century. Flexible Spending Account Increases 2022 2023 […]
NJ Temporary Disability and Family Leave 2023 Rate Annoucements
Today, the NJ Department of Labor and Workforce Development (LWD) announced the 2023 rates for Temporary Disability Insurance (TDI) and Family Leave Insurance (FLI), with shocking changes. Effective in 2023, TDI will become a 100% employer funded program. The previous 0.14% employee contribution from 2022 will now be 0.00%. Conversely, FLI will continue to be […]
Why Consider Payroll Outsourcing?
Employers often see payroll as a simple, regular process. True if everyone is salaried, works in one state, and has no garnishments. But complex wage calculations, multi-state taxation, child support orders, levies, or various reporting requirements can quickly complicate payroll. Payroll is simple until it’s not, and that is when outsourcing makes sense. Payroll outsourcing […]
Quantify Your Investment in Your Benefits Broker
How much do you invest in your broker? This may sound like a strange question. But while commissions are paid by the insurance company, the commission level is negotiable in most products. Your premium is directly related to your employee benefits broker’s commission level, so lower commissions lead to lower premiums. Commissions are your investment […]
Wage Transparency Laws and Compliance
Many states including New York, New Jersey, and Connecticut have strict laws regarding pay during the hiring process. The goal is to minimize the likelihood of pay discrimination beyond the rules set on a federal level. It is essential that all employers and interviewers are aware of these wage transparency laws to ensure they are […]
Top 5 Payroll Mistakes to Avoid
Payroll, at its surface, can seem very straightforward. At its core, you record employees time and pay them the agreed rate for that time, or just pay them a salary. But if you get complacent in running payroll, it is easy to make costly errors. Here are the top 5 costly payroll mistakes that we […]
Advantages to HR Outsourcing
HR outsourcing is becoming more and more popular, especially for small businesses. Recent studies have shown that over 40% of business outsource all or some of their HR needs, and this number continues to rise. What is driving companies to HR outsourcing rather than have their HR department in house? Find out the major benefits […]
The Importance of an Employee Handbook
Having and maintaining an employee handbook is a daunting task. With changing legislature and day-to-day business demands, the handbook is often the first things to fall through the cracks. But having a compliant and up-to-date handbook is highly important. Protect Your Company If an employment dispute occurs, you are at a severe disadvantage if you […]
Employee Paid Sick and Family Leave Compliance
Within the last three years, New Jersey has enacted both Employee Paid Sick Leave and Family Leave Insurance. If you have not included these in your employee handbooks, now is the time as these are highly influential labor laws that every employer in New Jersey should be ensure they comply with. Here is what you […]
