employee benefits Archives

Considering Employee Raises? Review These Ideas

December 16, 2019 | posted by Abacus Payroll

Deciding how to administer employee raises can perplex even the most seasoned managers. How often should raises be given? Should they be given across the board to all workers? If staff turnover is increasing, can you turn back the tide by granting raises to the most productive workers? There’s a lot to consider. As you […]

New Jersey Retirement Plan: State-Mandated or In-House?

August 1, 2019 | posted by Abacus Payroll

The state of New Jersey recently implemented a mandatory retirement fund for small business employees, becoming the ninth state to do so. While the plan is employer-friendly insofar as employers don’t have to contribute to it out-of-pocket, there are still some considerations and incentives for using your own in-house 401(k) plan to help your employees […]

7 Tax-Free Ideas to Bolster Your Business Benefits Package

July 24, 2019 | posted by Abacus Payroll

The benefits package offered by your business is extremely important to your employees. How important? A survey performed by the Society of Human Resource Management (SHRM) found that benefits are directly tied to overall job satisfaction for 92 percent of employees. Even more importantly, 29 percent of employees cited the overall benefits package at their […]

What is the Right Retirement Plan for Employees?

July 8, 2019 | posted by Abacus Payroll

Small businesses and self-employed individuals often tune out when conversations or articles about pension plans come up. That’s just for big business, they think, not for little guys like us. But small firms can tap into the tax breaks of pension plans more easily than they might imagine. Pension plans provide tax deductions for the […]

All-Access Payroll: Why You Should Implement Self-Service

June 14, 2019 | posted by Abacus Payroll

If you own a business, chances are that you at least remember a time when HR services and payroll duties required both strictly paper-based resources and actual human interaction. With the rise of technology and tech awareness, however, your employees most likely don’t want to schedule an appointment with HR just to see how many […]

How Not to Lose Your Best Employees

June 4, 2019 | posted by Abacus Payroll

In today’s tight labor market, finding and retaining top talent can be daunting. Ideally, you’ll discover and hire workers who fit your company culture, sign on to its mission, and stick around for the long haul. But retaining your “best and brightest” can be a balancing act. Here are five suggestions: 1. Focus on culture. […]

100 Percent Commissions in Your Business

January 31, 2019 | posted by Abacus Payroll

Commission work is still widely questioned from an ethical standpoint, and employing workers on a 100 percent commissions basis carries a heavy stigma. Here’s what you need to know to keep your commission-based business compliant, ethical, and successful. Defining Commissions Before you delve into your payroll, make sure that your business fits the parameters of […]

Taking Your Company from Pet-Empty to Pet-Friendly

August 27, 2018 | posted by Abacus Payroll

A big company perk can be a pet-friendly atmosphere. Continue reading to find out what you need to consider before allowing Fido and friends in the workplace. An increasing number of companies throughout the country are expanding their on-site policies to include pet initiatives, and the reason for doing so is surprisingly simple: pet-friendly […]

How the Tax Cuts and Jobs Act Affects You as an Employer

March 1, 2018 | posted by Abacus Payroll

It’s no secret that a number of complications accompany tax reform, and the Tax Cuts and Jobs Act is no different. While plenty of the act’s provisions pertain to your employees, there are a few crucial employer-focused aspects as well, meaning that things ranging from possible deductions to company policy may have to change. If […]

Keeping Up with Changes to the Affordable Care Act

November 3, 2016 | posted by Abacus Payroll

While the most notable feature of this year’s rendition of the Affordable Care Act is its increased pertinence to medium-sized businesses, both mid- and large-scale businesses should take note of the following changes for 2016’s payroll. Affordable Care Act & the Employer Mandate Up to this point, the IRS has loosely enforced the Employer […]