Remove Company Remove Examples Remove Expenses Remove Payroll
article thumbnail

Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

Labor hoarding is when companies find ways to hold on to talent rather than lay off workers in order to save money in the long term. . Companies are more concerned with mitigating costs than they are hiring new team members. . Allwork.Space spoke to three HR leaders to gauge their opinion on the practice of labor hoarding. .

Payroll 279
article thumbnail

5 SOP examples for your business

BMT Office Administration

To help you visualize what an SOP should look like and include, we’ve created five simple SOP examples. Take a look at the following examples to see what a basic SOP should look like. SOP Example 1 – Employee onboarding. New hire refers to any new employees beginning employment at the company. What is an SOP?

Payroll 72
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Underwriting employees’ educational expenses tax-free

BMT Office Administration

While many companies and HR teams may be well-intentioned, there’s a difference between debt-free and tax-free. Sounds like tax-free education is expensive, doesn’t it? For example, computer techs could go to school to learn a new software program. For example, computer techs could go to school to learn a new software program.

article thumbnail

What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Many companies have adopted a more flexible approach to remote working. From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years. Naturally, every company is different. But the same can be said for the various teams in your company.

Policies 298
article thumbnail

Moving While Working Remotely

Success

When an employee moves to a new state, especially where the company doesn’t have an established presence, it can mean a lot of headaches for the HR and Accounting departments, and potentially cause problems for you. Moving to a new state can often mean a lot of expenses. Do I have to stay near the office? Don’t forget about taxes.

Payroll 246
article thumbnail

HR Leaders Share How New Salary Transparency Laws Have Changed Everything

Allwork

As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Companies will be required to include a salary or hourly wage range, according to CNN Business. . This part of the law appears to need some kinks ironed out. .

Salary 246
article thumbnail

The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. Employers can deduct contributions as a business expense.