Choosing a Successor: Eight Tips

It’s not easy to decide to step down from your position leading a company. But when the time is right and the decision must be made, how do you choose who should lead your business into the future? It is essential to have a vision for the future. For your business to succeed in the … Read more

Breaking Down Employee Breaks

Under the Fair Labor Standards Act, employers generally do not have to provide short breaks or lunch periods to employees. However, the Act places restrictions on employers who choose to provide them. The FLSA also has guidelines for dealing with sleep time and breastfeeding breaks. Let’s review these breaks individually. Short Breaks These include coffee, … Read more

Getting Offboarding Right

Like other HR branches, offboarding is evolving drastically. Offboarding is no longer about creating a list of administrative tasks and checking all the boxes. These days, offboarding can help you: Identify recruiting strengths and weaknesses. Detect onboarding problems. Spot employee turnover issues. Measure the departing employee’s perception of the company. Keep your brand and reputation … Read more

What Types of Accounting Services Can You Outsource?

outsource accounting

Updated on 5/24/24 Maintain accurate records; keep track of your company’s finances, bookkeeping, payroll, management accounting, taxes, accounts receivable, accounts payable and financial reporting. Follow up on debts and compliance. Phew! What a relief it is to have expert outsourced accounting services near you to turn to for managing these essential functions. Are you looking … Read more

Is Your HR Department Meeting the PCORI Fees Deadline?

Meeting The Deadline To Pay PCORI Fees

Updated on 5/17/24 The Deadline to Pay PCORI Fees is Monday, July 31, 2024. The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit organization established by the United States Congress. Its primary goal is to conduct research that informs healthcare decisions and helps patients, caregivers, and healthcare providers make more informed choices. PCORI funds … Read more

Why Your Organization Needs A Dedicated Employee Onboarding Program

Updated on 5/17/24 In today’s fast-paced business world, every organization is constantly searching for ways to increase efficiency and productivity. One of the most important ways to do this is to ensure that new employees are successfully onboarded. Effective onboarding is crucial for the success of both the employee and the organization, and it should … Read more

Maryland Adopts Pay Transparency Requirements

Maryland has become the latest in a growing list of states to adopt pay transparency requirements, with our governor recently signing the Maryland Wage Range Transparency Act into law. The revised legislation brings substantial changes to the Equal Pay for Equal Work Law. Under the new law, all employers, regardless of their size, are mandated … Read more

New Timeline for Maryland’s Forthcoming Paid Leave Program

The Maryland General Assembly recently passed a bill making some changes to the Time to Care Act (the law that set the stage for Maryland’s Family and Medical Leave Insurance (FAMLI) system). The contribution period for the State Plan will now begin July 1, 2025. Benefits will now be available starting July 1, 2026 Shifting … Read more

Alternative Business Structures That Might Be Right for Your Company

Since the start of the COVID-19 pandemic, many aspects of business have changed, including (in some sectors) the increasing availability of private equity, the burgeoning use of AI, the ongoing difficulties in finding talented personnel and the shifting of generational goals and ideals. There are many ways that businesses can respond. One way is to … Read more

Is an ESOP the Right Choice for Your Company?

Employee stock ownership plans have been in the headlines recently, but they have been around for decades. ESOPs are qualified defined contribution plans in the form of stock bonus plans or stock purchase/money purchase plans. They are governed by Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act, also known as ERISA. … Read more