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Four Ways Small Businesses Can Compete for Top Talent

Ask any business leader today what he or she is worried about, and they will most likely discuss the challenge of attracting and retaining top talent. Nowhere is this concern greater than in the minds of small-business owners. It is even tougher when the job market tightens. October was one of the best job-creating months this year, with 235,000 private-sector jobs added. This means the pool of unemployed workers continues to shrink and current workers are being lured with big pay bumps to switch jobs. It’s causing managers — from companies big and small — to worry about how they can compete for skilled workers. This is especially challenging for small businesses. When small businesses need to fill a job, they are going up against the recruitment campaigns, salaries and benefits that larger companies can offer. However, despite the challenge of fewer candidates seeking work and the pressure to retain current employees, small businesses can have a real advantage in attracting and retaining top talent if they use their...

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Dynamic Growth at Beeline: ADP Can Help

Beeline is a software company which offers end- to-end procurement of contingent labor in nearly 70 countries. Through a divestiture and two acquisitions over the past eight years, Beeline has grown from 170 employees to over 450 employees globally– a large-scale change with immense impact on the organization’s culture and HR structure. With its second acquisition in December 2016, Beeline’s HR staff worked to onboard acquired employees, with only three months to manage the moving parts and processes of preparing for open enrollment and providing benefits options. Accompanying these challenges was the strategic alignment of the HR department. Traci Kellner, executive vice president of Human Capital at Beeline, works hard to ensure that HR is visibly present, engaged and working with leadership to drive sustainable, organizational change. However, when the team is buried behind administrative tasks, processes, manual adjustments and more – it’s not possible to scale the way the department needs to. To maintain the innovative spirit at the heart of its business, the HR team at Beeline...

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Got a PEO? Why not?

By Brian Michaud, Senior Vice President, ADP TotalSource® A new study from the National Association of Professional Employer Organizations® (NAPEO) shows that small businesses that use a Professional Employer Organization (PEO) to manage HR for their employees actually see double the annual revenue growth than a company that doesn’t. That sounds like a pretty startling statistic, don’t you think? But when you look at the numbers, it’s actually pretty obvious – PEOs are lowering the stress levels and increasing the effectiveness of small business owners. That’s because while business owners retain the day-to-day control over management of their employees, a PEO handles the HR and employee benefits administration responsibilities. Businesses who partner with a PEO gain access to a larger suite of offerings, including FORTUNE 500®-caliber health benefits and employee growth and development programs. These, in turn, allow clients to provide more robust benefits to help attract and retain employees. There are a number of areas where businesses are benefiting from the value of outsourcing their HR. It’s a...

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Maximize Your Tax Credits Capture – From Employee Retention Credit and Beyond

As year-end approaches, many companies often lose or overlook tax credit opportunities for which they may be eligible. Whether it’s changes to the Work Opportunity Tax Credit (WOTC) program or federal responses to the recent disasters, how do Finance and HR leaders keep up with the latest legislative updates, technologies and strategies to capture tax credits that may help their bottom line? Join our ADP tax credits thought leaders on December 14th for this free webinar as they help you navigate the myriad of tax credits, including the Employee Retention Credit and the latest news on the WOTC program. You will also learn best practices and how to incorporate a strong foundation of technology and analytics to not only help pursue new eligible tax credit opportunities, but also help optimize the value of each credit. What you’ll learn about: The latest federal legislative and tax reform updates on the WOTC program and the Employee Retention Credit How you can better integrate a winning compliance strategy that may benefit your...

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Is Working Longer A Smart Retirement Strategy?

By: Kristin Andreski, Senior Vice President/General Manager, ADP Retirement Services Are your employees saving enough to retire when they are ready? According to recent research, chances are they’re not. EBRI’s 2017 Retirement Confidence Survey (RCS) finds almost half (47%) have less than $25,000 in retirement savings. Employees know they need to save more – most (59%) believe they should be saving 20% or more of their household income to live comfortably in retirement and they acknowledge there will be consequences to under-saving. Those consequences include planning to retire later (57%) and saving more later (54%). Today, 38% of employees also expect to retire at age 70 or older. But is planning to work longer really a smart strategy? There are many great reasons to continue working during the retirement years, but a shortfall in retirement savings isn’t one of them. A Bank of America Merrill Lynch (BOAML) report indicates that employees have a number of reasons for staying in the workforce: Staying mentally active – 62% Keeping physically active...

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ACCOUNTANT SPOTLIGHT: How to Plan for Year-end without the Headaches

By now, your year-end planning should be in full swing — for your own firm as well as all your clients. But just in case you’re running a bit behind, we’ve pulled together a bunch of terrific tools for you: Digital year-end payroll guide with checklists, calendars, best practices and more Webcasts with must-have tax updates and strategies Accountant ConnectSM, the free cloud platform that puts all your client payroll data, tax resources and CPE in one easy place Simplified officer-only S corp payroll processing Efficiency and simplicity for you, and for your clients – just one more reason they’ll appreciate your practice. Because heading into tax season, who couldn’t use a little love? Click here to access our year-end guide for best practices and more. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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Thanksgiving Cooking Is Finished But Here’s An Easy Recipe for Improving Your Job Descriptions

Job descriptions can help you identify the essential functions of the job and the qualifications needed for a role. They can also help you set clear expectations with employees, evaluate performance, make compensation decisions, identify training needs, handle requests for reasonable accommodations, and make exempt vs. non-exempt classification decisions. Here are six guidelines for developing effective job descriptions: #1: Be consistent. To help make valid comparisons between jobs, use the same format for each job description. Generally, this includes: Job details: job title, supervisor’s title, exempt vs. non-exempt classification, a brief summary of the job, and the date the job description was created or last revised. Essential functions: job duties that an employee must be able to perform with or without a reasonable accommodation. Non-essential functions: additional tasks the employee may be required to perform during the course of his or her job, but are not essential to the job. Qualifications and skills: training, education, certification(s), and years of experience needed to perform the job. Physical demands and work...

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Holiday Pay and Year-End Bonuses: What’s Required, What’s Not?

Are you required to pay employees for time off on a holiday? Are they entitled to premium pay if they work on a holiday? What happens if a payday falls on a holiday? And what are the overtime and tax implications of year-end bonuses? Below, we address these and other common questions about holiday pay and bonuses. Company-Observed Holidays: Unless obligated by contract or agreement, private employers are generally not required to provide paid holidays to non-exempt employees (those entitled to minimum wage and overtime). However, if your company closes on a holiday, exempt employees (those who meet specific salary and duties requirements) must generally still receive their full pay, as long as they work any part of the workweek. Holidays to Observe Many employers voluntarily offer various paid holidays to employees. Employers may generally choose which holidays to observe as paid holidays. While some states have laws that restrict certain types of businesses from opening on a holiday, these laws don’t require employees to be paid for this...

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Workplace Compliance Spotlight: Strategies for Wage Garnishment Compliance

Wage garnishments – the legal seizure of employee pay to settle debts like child support payments, tax levies, and student debt – are impacting many U.S. employees. In fact, one in 14 such workers is carrying a wage garnishment and an estimated 12 percent of those with a garnishment have more than one type.* But many organizations still overlook wage garnishments and view them as an obscure and complex aspect of business. Even as employees are confronted by the stress of having their wages garnished, you as their employer are saddled with the compliance burden and stress of managing those wage garnishment transactions. Employers that fail to comply with garnishment orders can face costly penalties. Join us on November 29th for the next installment in our Workplace Compliance Spotlight webcast series and receive critical insights on the business impact of wage garnishments and strategies for achieving wage garnishment compliance. During this webcast, you will learn about: Latest wage garnishments data and trends available in protecting employee wages and garnishments...

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Why Businesspeople Should Learn a New Language

By Rosetta Stone Enterprise and Education – ADP Marketplace Partner Recently, the UK version of the Huffington Post blog published a list of eight reasons why you should learn a language. Although the list was directed at post-secondary students, some of its insights can be applied to the world of business. We’ll start with cognitive benefits. It seems as if the scientific community keeps building the case that bilinguals experience brain-strengthening benefits compared to monolingual cohorts. If you want to stay sharp throughout your career, including staving off the effects of dementia, learning a language is a great strategy. The list talks a lot about culture. The cultural competency gained through learning a language is just as valuable to a career as the language skills themselves. Understanding the people and places you are targeting is a great way to make a positive impression on clients, coworkers, and other colleagues. Then there are the practical benefits to a career. Bilingualism is one of the most sought-after skills in the marketplace....

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