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401K Changes with Recently Passed Secure 2.0 Act

In late 2022, President Biden signed a $1.7 trillion bill introducing vital retirement savings legislation. Known as the SECURE 2.0 Act of 2022, the legislation brings major changes to existing retirement account rules. Here’s how the recent changes impact 401(k) retirement plans and what that means for you and your employees. RMD Changes Historically, required minimum distributions (RMDs) […]

Your Ultimate 2022 Year-End Payroll, Tax, & HR Checklist

Like most businesses, your company is probably focused on closing out 2022 strong. Whether this means running some last-minute promotions or launching a marketing campaign, you have a ton on your plate.  While it would be nice to devote all of your energy toward meeting your revenue goals, you also have to deal with an […]

Attracting Talent in a Tight Job Market: Guide for Small Businesses

Despite signs that the job market is starting to cool, small businesses are still trying to hire and retain employees. According to a recent Goldman Sachs survey, over a third of small businesses believe hiring challenges have worsened in recent months. At the same time, a majority cite attracting and keeping talent as their biggest problem. What’s […]

2023 Minimum Wage Updates: What Changes Are Coming by State?

Starting in 2023, 13 U.S. states will receive a minimum wage increase. In most cases, the wage increase will go into effect on January 1, 2023, though a few states have a mid-year increase scheduled for July 1. The federal minimum wage (currently $7.25) will remain the same. Note that many California localities are adding […]

How to Keep Engagement Up for Your Team in the Post-COVID Era

We’ve all heard of The Great Resignation, quiet quitting, slacking off, and ghosting coasting. Since the beginning of the COVID-19 pandemic, people have left or lost their jobs in droves, receiving government benefits to supplement their lost earnings. While government-mandated COVID-19 unemployment benefits have primarily stopped, the employment problem doesn’t seem to be going away […]

14 Points to Consider in the Hire vs. Outsource Decision

Small companies have much to consider when deciding whether to hire their own HR staff or outsource to an HR outsourcing firm. While each company has its own unique circumstances, here are 14 things to consider when deciding whether to hire or outsource HR is best for your business needs: 1. Control Business owners naturally […]

More than Just a Broker: A True Employee Benefits Administration Solution

Health insurance brokers seem to be a dime a dozen these days. Most are very helpful upfront – helping to find competitive offers for you and assisting you in making an informed decision when selecting a benefits plan for your business. Since brokers don’t earn commission until you sign the contract with the insurer, they […]

Costly Conditions: How to Address Healthcare Costs Through Workplace Programs

Health coverage represents a significant cost for today’s employers. According to a 2020 estimate, the average cost of an employer-sponsored health plan was $7,470 for single coverage and $21,342 for family coverage.  Cost aside, many employers are seeking to create a company culture that places high value on employee health and wellness, an effort aimed […]

The Untold Costs of Turnover: 6 Tips to Increase Employee Retention

Employee turnover can be expensive for any business. Not only is the cost of hiring and training new employees a drain on your resources, but losing good team members can wreak havoc on your team’s productivity, quality of work, and morale. Hiring new employees is an expensive and often drawn-out process. According to recent data, […]

Tips for Surviving Inflation: Keeping Productivity Up When the Economy Goes Down

Staggering rates of inflation are impacting consumers and companies alike. Currently, America battles inflation standing at 9.1%, the highest it’s been since the early 1980s. Rising consumer costs are fueling the drive for workers to seek higher pay. How can your company adapt to the challenges brought on by historic inflation? Here are six tips […]

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