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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

This type of promotion saves the company money, but can be frustrating for employees who understandably expect a higher salary for their hard work in their new role. The key here is to keep your word, set a clear timeline, and provide a salary increase as soon as there is room in the budget.

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IRS update: digital communication and payroll

BMT Office Administration

Mamo reviewed some initiatives, including IRIS , the IRS’ new simplified platform for filing 1099s. He also confirmed FIRE’s eventual retirement, in favor of IRIS. Not surprisingly, Lauer is concentrating on 941s and 941-X forms on which the employee retention credit is claimed. How is it going to spend this money?

Payroll 52
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Stay on track with this payroll compliance checklist

BMT Office Administration

These are typically salaried employees, but employers must verify that each job role passes specific tests before the employee filling it may be classified as hourly. Collect the required forms. The main two are the I-9 form and IRS Form W-4. The main two are the I-9 form and IRS Form W-4. FUTA taxes.

Payroll 52
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Why an effective onboarding process is more important than you think

Page Personnel

According to the Harvard Business Review , 22% of companies have no formal onboarding programme, and yet research suggests that onboarding may be the most critical time in the overall experience of working at a company. If you are an employer and would like to discuss your hiring needs, fill in the form below and we will call you back.

2023 52
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The Real Reasons People Are Quitting by Bonnie Low-Kramen

Bonnie Low Kramen

The news stories focus on completely legitimate reasons for why this is happening, such as staff taking early retirement, fears about Covid and not wanting to return to the office, lack of childcare, and of course, the search for better jobs at higher compensation. It costs a company 6-9 months of an employee’s annual salary to replace them.

Salary 105
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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

Most of the entrepreneurs I talk with tell me that they started their business because they wanted some form of freedom.  You might have interest income, rental income, and investment income along with your business income or salary. In the example below, this person is well on their way to retiring. Monthly Hours.

Lifestyle 100
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Free Blog Posts | Men With Pens

Men With Pens

Time to think about the retirement fund.&# “We get to retire? No one ever told me that…&# We both know there’s no retirement fund in what we do. It was free because it was idle; it wasn’t supposed to be the sort of business expertise that many companies would shell out good money for in the form of a consultant.

2009 40