Why Should I Offer Healthcare Benefits as an Employer?
Employer-sponsored health coverage is essential for recruiting and retaining a company’s employees. An excellent benefits package that includes health coverage is extremely important for employee retention because it shows employees that their work is invested in their overall health and future. Additionally, a great benefits package means reduced healthcare costs for the workplace and can attract talent.
Why Are My Employees Calling Out Sick?
Coming into the workplace when you are sick, injured, or otherwise unwell is called presenteeism. Presenteeism is the number one cause of loss of productivity in the workplace. In fact, the cost of presenteeism is estimated to be 150 billion dollars per year in the United States - a value far higher than the cost of absenteeism.
Why Do Employees Pass Over Healthcare Offerings?
If your employees are choosing to opt-out on your group plan, it may be for various reasons, including cost, benefit preferences, and the provider network offered. Around 46 percent of Americans stated that it was a deciding factor when accepting the offer to their current position.
How Much Does it Cost To Offer Employees Health Insurance?
The average annual costs for employers to offer employees health insurance are $6,227 for single coverage and $15,754 for family coverage.
How To Do Payroll in Texas for Small Businesses in 5 Steps
Trying to calculate payroll for your small business can be confusing and time-consuming, especially when you’re new to doing business. While Texas is a large state, Texas has just a few payroll taxes to account for, but following federal and state guidelines is imperative to a successful payroll run. In this article, we explain the steps you need to go through when setting up and running payroll in the state of Texas.
Restaurant Tip Pooling Laws & How to Manage
Tip pooling is a common practice in restaurants where all tips from customers are collected to form a “pool” and then divided among employees at the end of the shift. Managers have control of how this operates in their establishment, but some states have differentiating tip pooling laws. In this article, we cover how it works and the most common laws.
Salary Comparison Guide to Paying Employees
Navigating the job market is a job in and of itself for both the employer and the job seeker. When determining if a role or applicant is right for you or your business, weighing the total compensation is very important. If the employer doesn’t offer a competitive salary then quality applicants aren’t likely to accept, which is costing the business money and both it and the applicants a lot of needless time.
How to Hire Restaurant Employees in 4 Steps
The COVID-19 pandemic has undoubtedly taken a toll on the restaurant industry. As states continue to open up, restaurant owners and managers are looking for ways to restore their workplace. The competition for employees is as fierce as ever, so in this article, we detail how to go about hiring employees to get your restaurant back on track.
Benefits To Offer Part-Time Employees
Offering benefits to part-time employees is typically considered to be too expensive because of traditional health insurance. However, there are many benefits you can offer your part-time employees that are different and less expensive than that. Although employers are not obligated to offer any benefits in addition to standard pay, it can set your business apart from the competition during a very competitive hiring market.
5 Best Health Insurance Options for Small Business Owners & Alternatives
Small businesses with less than 50 employees are not required to offer health insurance, but providing some type of health coverage to employees can help you get and keep quality employees. The 5 best health insurance options for small business owners are small group health insurance, Qualified Small Employer Health Reimbursement Account (QSEHRA), Individual Coverage Health Reimbursement Accounts (ICHRA), Small Business Health Options Program (SHOP), and Health Insurance Alternatives.
Best Health Insurance & Coverage Options for Employers 2021
There are several options to get health insurance for employers that include small business group insurance, self-funded plans, and health reimbursement agreements.
Are Employers Required To Give 1099 Workers Health Benefits?
1099 workers are typically hired by a company for a specific project or for a short period of time. They are not the same as employees and usually are referred to as a freelancer, or independent contractor. Since they are not employees, they are not usually eligible for health benefits from the company they are working under. The important thing to be sure of as an employer is that you’ve correctly classified 1099 workers, which we cover in this article.