I95 Business Magazine’s annual Women of Influence event took place on April 23, 2024 where two of our teammates– Deborah Dagg (Nealon) and Karen Warthen– were recognized. This event celebrates the achievements and collective success of women in business. Deborah Dagg, Director of Medical Business Advisors, works to help her clients streamline and improve their … Read more
Due diligence is a deep-dive investigation relating to compliance. It can be an essential function to help you understand your potential liabilities. Ongoing monitoring is essential to keep up with ever-changing risk factors, putting mitigating activities in place to attempt to lower risk exposure. The vital information garnered sheds light on your business procedures. When … Read more
Employees have always enthusiastically embraced generous leave policies. Surveys have found that many respondents even prefer additional leave to a direct pay raise. Companies have long been aware that more liberal leave standards generate positive feelings. They boost productivity, morale and engagement among the ranks within the firm while at the same time enhancing the … Read more
Since the Federal Trade Commission ‘s (FTC) January 2023 proposal to ban noncompetition agreements, followed by its Final Rule approval on April 23, 2024, the landscape of restrictive covenants has shifted. WHAT HAPPENED The Final Rule, passed by a narrow margin of 3-2, bans new noncompetes for all workers except senior executives earning over $151,164 … Read more
More and more employers are automating their human resources processes. Many also integrate their HR processes with interrelated activities, like time and labor or payroll and benefits. However, the implementation of these technologies has triggered various security risks, including HR cybersecurity threats from criminals whose goal is to access confidential data for nefarious purposes. Below … Read more
Human resources serves as the backbone of any organization, responsible for everything from talent acquisition to employee well-being. Efficient HR processes are crucial for a company’s success, as they directly impact employee satisfaction, productivity, and, ultimately, the bottom line. Balancing automation with a human touch is essential. While automation can handle repetitive tasks, freeing up … Read more
If you don’t understand your financials, you are impeding your ability to grow and prosper. What should you learn about your financial statements? Below is a quick guide to getting started. Learn about your P&L. A profit and loss statement summarizes your revenues and expenses, showing how much income you’ve generated and where your money … Read more
How do you measure how robust your business is? One of the key ways is by looking at financial ratios, which can be grouped into four categories. Liquidity — Your business’s ability to remain liquid so you can meet your short-term liabilities. How much of a cash cushion do you have each accounting period? How much … Read more
The IRS has raised the contribution limit by $150 for these accounts. FSA participants can now contribute up to $3,200 through payroll deductions during the 2024 plan year. This is up from $3,050 in 2023. In some instances, the employer may also contribute to the employee’s account. Similarly, spouses of employees who have an FSA plan … Read more
Do you want to help your new employees have a positive experience, setting them up for long-term success? Onboarding is a comprehensive process that can last up to 12 months. How it’s handled is crucial to ensuring high retention. In addition to sharing the job requirements and describing team dynamics, you can help new hires … Read more
