Sara Lanns 
Conducting a thorough exit interview is an essential part of the offboarding process. Exit interviews provide a unique opportunity to receive honest feedback from departing employees. Their fresh perspective can reveal important insights to enhance your organization’s management practices, workplace culture, and employee development programs. By asking thoughtful questions, you can uncover the true reasons … Read more
What does an engaged employee look like? Employee Engagement is a concept that describes the level of enthusiasm and dedication a worker feels toward their job. Engaged employees care about their work and about the performance of the company, and feel that their efforts make a difference. An engaged employee is in it for more … Read more
Compensation comprises such elements as wages or salaries, benefits, union perks, employer-provided vendor discounts, work flexibility and paid time off. A company’s compensation plan can promote employee engagement, performance and career development; thus, a thoughtful compensation plan boosts recruitment and retention efforts. Compensation is tied to critical business elements, including: Business goals and budget Industry … Read more
It’s important for businesses to have a clear and consistent payment schedule to ensure fairness and adherence to labor laws and employee expectations. Lack of structure around paychecks could throw off budgeting and financial planning processes or put a business at risk of legal issues for possible violations of labor laws. Pay frequency influences each … Read more
Since the Federal Trade Commission (FTC) proposed banning noncompete agreements in January 2023, followed by its Final Rule approval on April 23, 2024, the ban has faced significant opposition. What is the latest update? On August 20, 2024, Texas federal judge Ada E. Brown blocked the FTC’s proposed ban on most noncompete agreements, which was … Read more
How do you measure how robust your business is? One of the key ways is by looking at business financial ratios, which can be grouped into four categories. Liquidity This is 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 … Read more
The IRS has raised the contribution limit of FSAs for 2024 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 … Read more
Do you want to help your new employees have a positive experience, setting them up for long-term success? Employee onboarding is a comprehensive process that can last up to 12 months. How it’s handled is crucial to ensure high retention. In addition to sharing the job requirements and describing team dynamics, you can help new … Read more
How would you define an engaged workforce? You might say it’s an environment where everyone involved feels valued and supported. Workplace engagement is a crucial aspect of business success. In fact, it’s so imperative that employee engagement has been shown to affect metrics like productivity, retention, and customer service. However, unfortunately, recent statistics indicate that … Read more
First quiet quitting, now quiet vacationing. What is going on? This is a good question with complicated answers. Quiet vacationing, also called stealth paid time off, is the practice of taking time off without formally requesting it or notifying your employer. It’s a post-pandemic development, so to understand it, we need to recognize that the … Read more
