Introducing Competency-Based Interviews at Your Business
It might sound like common sense, but you’d be surprised how many firms underestimate the importance of competency-based interviews. Ongoing research shows that competency-based hiring procedures not only improve the initial quality of hires, but also increase employee retention levels and grants access to wider, more diverse field of potential candidates. Surveys show employers note… Continue reading Introducing Competency-Based Interviews at Your Business
Employee Retention in a Competitive Market
Lockdown furloughs forced a large cohort of hourly workers out of their jobs, and because hourly workers don’t tend to be married to their industry, there’s a massive bidding war going on right now for their employment. That means if you’re hiring for an hourly job at your company, you’re not just competing against the… Continue reading Employee Retention in a Competitive Market
How Easy is it to Outsource Your Payroll?
The decision to outsource your payroll can seem like a difficult one, but it’s well worth it. Not only will outsourcing your payroll to Capital Payroll Partners save you untold amounts of time, but you’ll also be insuring that your business is compliant with ever-changing regulations. That all sounds great, right? Here’s even better news:… Continue reading How Easy is it to Outsource Your Payroll?
Why Choosing a Local Payroll Provider for your Business?
Large businesses of 500+ employees are typically able to have their own, in-house payroll department, or have big money deals in place with the payroll giants to handle it for them. But the vast majority of small and medium businesses are not able to fund their own payroll department (complete with salaries, benefits, insurance, etc… Continue reading Why Choosing a Local Payroll Provider for your Business?
How to Create a Successful Bonus Program
Bonuses and incentive programs are some of the best ways to motivate employees. However, in order for them to work, they must be equitable, realistic, achievable, and concise. Therefore, a successful bonus program must be thoughtfully designed. Boiled down, a bonus is simply extra money, paid to employees, in addition to their wages or salary.… Continue reading How to Create a Successful Bonus Program
Choosing the Right Salaries for New Employees
Determining the optimal salaries for new employees can be a complex calculation – and the math can change employee-by-employee… even at the same position/level. In order to minimize turnover, you need to set a range for how much employees in each position should be paid. This range is based on your expectations out of the… Continue reading Choosing the Right Salaries for New Employees
Are Your Employees… Employees?
Are you sure you’re classifying… and paying… each of your employees correctly? The determination between whether an employee is a standard employee or an independent contractor has always been a source confusion and frustration. It’s essential for businesses to get it right, because the consequences can be costly. Fortunately, the IRS has some fairly clear… Continue reading Are Your Employees… Employees?
Becoming a Great Remote Leader
Let’s face it… the pandemic has changed how the working world works. Whether it’s a permanent change remains to be seen, but for now, companies must embrace the new normal. With quarantines, mask mandates, varying vaccination statuses, it’s become a simpler and better option for a huge number of workers from different industries to work… Continue reading Becoming a Great Remote Leader
FLSA Mistakes To Avoid
Almost every employer is required to adhere to the Fair Labor Standards Act – the FLSA. However, that’s oftentimes easier said than done. The FLSA is a complex framework, and mistakes are both common and costly – especially for smaller businesses. The Fair Labor Standards Act was enacted in 1938 after a rising demand for… Continue reading FLSA Mistakes To Avoid
Health Insurance Plans and Alternatives for Small Businesses
Health care plans can be a bit of a double edged sword; you can bundle them in with compensation plans to entice talent to join your organization, but the costs can be prohibitive. Plus, with major differences between plans, it can be difficult to pick one that will work for all of your employees. Since… Continue reading Health Insurance Plans and Alternatives for Small Businesses
