Finding, Recruiting and Hiring is a constantly evolving process. To stay competitive and attract today’s best candidates, it’s crucial to understand both the expectations and behaviors of the modern job seeker.
On Wednesday, February 22, 2017, the Fifth Circuit Court of Appeals granted the Justice Department’s request for a 60-day extension to determine its position on the new FLSA overtime exemption rules. The stated reason for the government’s unopposed request was to allow incoming leadership adequate time to consider the issues.
A 401(k) plan is one of the greatest benefits a small business can offer its employees. However, many employers believe adopting a 401(k) is manageable and aren’t aware of all of the responsibilities involved until it’s too late. No matter if an employer has 10 or 50 employees, the process of administering and maintaining a plan is still the same. This blog will highlight the three things to know about operating a small business 401(k) plan, and what the employer can do to alleviate some of the responsibilities to refocus on their business.
Are you at the brink of outsourcing your 401(k) administration? Congratulations! It is certainly the right decision, especially if you are a small business. The next step is finding the right Professional Employment Organization (PEO) to fit your small business’ needs. There a variety of organizations out there with different plan options available that it can be overwhelming to choose just one. This blog will provide tips for selecting and monitoring a PEO to make sure they continue to meet your needs along the way.
They’re too expensive to operate... There aren’t enough options to fit our needs... They don’t benefit small businesses.
The 401(k) has a bad reputation especially amongst small business employers, and we can’t blame them. There are multitudes of 401(k) plans available to employers across the nation, but not all sizes fit all. What suits a global corporation may not suit a company of 20 employees, so much so that many employers found in this situation often choose to not provide a 401(k) plan altogether.