Fortune Business Consulting

Tag: employee

  • Beyond Payroll: The Hidden Liabilities Lurking in DIY HR

    Beyond Payroll: The Hidden Liabilities Lurking in DIY HR

    You thought payroll software was the hard part? Think again. It started with a late-night call from the accountant. A former contractor had filed for unemployment but… contractors don’t get unemployment benefits, right? Wrong. That’s when the panic started. Turns out, your HR software may have misclassified a worker. Not on purpose—but software doesn’t catch gray areas. It calculates. It doesn’t caution. It processes—not protects. This is the challenge with DIY HR. For fast-scaling businesses, juggling payroll tools, spreadsheets, and guesswork, it’s a lawsuit waiting to happen. A PEO (Professional Employer Organization) does more than automate tasks—it shoulders risk, shares liability, and becomes your HR shield. 

    In this post, we’ll expose the hidden landmines buried under DIY HR practices and show how a PEO helps you avoid penalties, reduce risk, and stay compliant while you grow. 

    Employee Misclassification: A Hidden Tax Bomb 

    The IRS and Department of Labor take misclassification seriously. If you’re labeling someone a 1099 contractor when legally they’re a W-2 employee, you could be responsible for back taxes, overtime, benefits, and penalties.  

    Payroll software won’t stop you, it’ll let you misclassify with confidence. 

    A PEO helps you assess roles, responsibilities, and control factors to properly classify every worker. It also provides documentation and legal guidance if you’re audited. 

    FMLA, OSHA, and ADA Compliance: You’re Expected to Know 

    Most small businesses assume that if they’re under 50 employees, federal HR laws don’t apply. That’s not always true. State laws often kick in sooner, and certain industries like healthcare or construction, face additional compliance layers. 

    Your software won’t flag that. A PEO will. (HR software cannot flag a misclassification. A PEO is the fine-tooth comb that ensures any errors are caught) 

    PEOs provide guidance on: 

    • FMLA eligibility and leave tracking 
    • OSHA reporting and safety training 
    • ADA accommodation policies 
    • HIPAA and employee privacy 

    They don’t just give templates—they give advice that fits your state, your sector, and your risk profile. 

    Onboarding and Termination Errors = Lawsuit Triggers 

    Hiring and firing seem straightforward—until they’re not. Terminating an employee without the right documentation, or onboarding someone without signed policies, can open the door to lawsuits, unemployment claims, or discrimination complaints. Most payroll software doesn’t track: 

    • Progressive discipline 
    • Acknowledgment of policies 
    • Compliance training 
    • Exit interview documentation 

    A PEO keeps audit trials, generates compliant paperwork, and coaches your managers on how to avoid unlawful termination claims. 

    Handbooks and Policies That Aren’t Legally Binding 

    Google can’t write your employee handbook and even if it did, labor laws are constantly changing. There is no one-size-fits-all solution. 

    Many DIY HR handbooks: 

    • Use outdated legal terms 
    • Don’t include state-mandated policies (e.g., meal breaks, paid sick leave) 
    • Lack signed acknowledgments 
    • Are unenforceable in court 

    A PEO crafts a legally compliant handbook that’s reviewed annually. It ensures your team is trained on policies and that disciplinary procedures hold up if challenged. 

    Benefits Missteps: You Could Be Breaking the Law (Not Just Losing Talent) 

    Offering benefits without understanding your fiduciary obligations? You could be violating ERISA (Employee Retirement Income Security Act). 

    Common DIY HR mistakes: 

    • Offering retirement plans without proper documentation 
    • Mishandling open enrollment deadlines 
    • Failing to disclose plan changes 
    • Providing healthcare to contractors (invalidating classification) 

    PEOs administer benefits under their umbrella. This means: 

    • Better rates via group purchasing 
    • Accurate ACA reporting 
    • COBRA compliance 
    • Proper benefits election documentation 

    Wage and Hour Pitfalls: Your Software Won’t Alert You 

    Do you think your time-tracking system covers you? Think again. Most lawsuits in labor courts revolve around unpaid overtime, improper rounding, and rest break violations. 

    Payroll software may not: 

    • Flag improper tip pooling 
    • Handle minor labor laws for teenage workers 
    • Comply with California’s strict overtime calculations 
    • A PEO has HR professionals who audit your timesheets and coach your managers on compliant scheduling. 

    You’re Alone in a Crisis—Unless You Have a PEO 

    Whether it’s a data breach, an employee lawsuit, or a harassment allegation—crises happen. And software won’t jump on a call with you at 7 AM to guide your response. A PEO will. 

    They assist with: 

    • Crisis communications 
    • Internal investigations 
    • Legal counsel coordinatio 
    • Employee relations and sensitivity training 

    Think about it: Would you rather explain yourself in court… or prevent the lawsuit altogether? 

    Final Thought: DIY HR Is a Liability, not a Savings Plan 

    Payroll software is a tool. But it’s not a team. 

    When you rely on DIY HR solutions: 

    1. You assume all the risk 
    2. You lose compliance coverage 
    3. You miss red flags 
    4. When you work with a PEO: 
    5. You reduce liability 
    6. You gain proactive support 
    7. You unlock expert guidance at every turn 
    8. If your business is growing, your HR shouldn’t be guessing. 
    9. A PEO doesn’t replace your payroll software—it replaces your anxiety. 

    References 

  • How Can I Improve Employee Retention Without Increasing Salaries?  

    How Can I Improve Employee Retention Without Increasing Salaries?  

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    Are you struggling to retain talent without breaking the bank? Employee retention is important for any business to reduce turnover, improve productivity and for the overall growth of the organization. However, in case of restraints budget, many may face the challenge of keeping employees happy without the option of offering substantial salary increases. Fortunately, we are here to inform you the effective strategies to enhance employee retention that requires no salary hike.  

    8 Ways to Improve Employee Retention Without Increasing Salaries 

    Here are the top eight strategies for improving employee retention, summarized: 

    Foster Strong Employee Engagement

     

    Engagement is key to employee retention. So, instead of relying on long-term annual survey, make sure that employees are a part of regular activities that keep the company mission and vision in focus. In addition, managers should empower employees by assigning them meaningful responsibilities followed by proper feedback. This will give them a sense of ownership, boost morale and long-term commitment to the organization. Increased engagement creates a workplace where employees are more likely to stay as team and feel like a part of something larger. 

    Make the Onboarding Process Smooth and Memorable

     

    Onboarding is the first impression new employees get of your company, and it can set the tone for their entire experience. Ensure that onboarding is welcoming and organized, starting with introductions to their team and providing clear guidelines for their roles. Give them the necessary tools and resources to perform their tasks and ensure remote employees are also fully integrated. A smooth and thoughtful onboarding process helps employees feel valued, increasing their chances of staying with the company long-term. 

    Invest in Employee Growth and Development 

    Employees who feel they have opportunities to grow are more likely to stay with your company. So, you can offer professional development programs, coaching, and clear career paths that allow employees to improve in their roles. Make sure that your organization fosters a culture of knowledge-sharing. You can do this by hosting internal sessions where employees can teach each other new skills. This helps employees feel supported and invested in, boosting morale, engagement, and retention. Investing in growth shows employees you care about their long-term success. 

    Combat Burnout with Wellness Initiatives 

    Employee burnout can lead to disengagement and high turnover rates. However, this can be resolved through wellness programs that promote work-life balance. Encourage employees to take breaks, use vacation time, and engage in activities that reduce stress. Managers should try to recognize the signs of burnout and take proactive steps to address it. By prioritizing wellness, you create a healthier work environment where employees feel supported, improving both morale and retention. 

    Offer Flexible Working Options to Employees 

    Today, many employees seek flexibility in their working options. Thus, offering remote or hybrid work options, as well as flexible work hours, can show your employees that you value their work-life balance. This can lead also to increased job satisfaction, they will be able to manage their personal responsibilities while staying productive at work. Flexibility also helps retain employees who may otherwise be looking for jobs that offer better work-life integration. 

    Encourage Transparent and Continuous Communication 

    Open, honest communication from the organization is essential for employee retention. Companies should share regular updates, discuss goals, and be transparent about challenges they are facing. Employees should also be encouraged to provide feedback and share their concerns without fear of repercussions. This type of communication builds trust and makes employees feel heard and valued. When employees understand the direction of the company and know their opinions matter, they feel more secure in their role and are more likely to stay. 

    Attract the Right Talent for Long-Term Success

     

    Hiring employees who align with your company culture is another important point to ensure long-term retention. Highlight your organization’s values, benefits, and work environment to attract candidates who fit well with your team. Show potential hires the benefits you offer, like flexible hours, generous leave policies, and professional growth opportunities. 

    Cultivate a Workplace Culture That Retains TalentBottom of Form 

    Lastly, a strong, positive workplace culture is essential for employee retention. Employees who feel a sense of belonging and alignment with company values are more likely to stay. Regularly reinforce these values and celebrate behaviors that exemplify them. Encourage employee involvement in shaping the culture to ensure everyone feels connected. When employees feel appreciated, supported, and part of a company that values them, they are more likely to remain with the organization, reducing turnover and building long-term success. 

    Final Words 

    Improving employee retention does not always require salary hikes. By focusing on engagement, growth, wellness, flexibility, and a supportive culture, you can create an environment where employees feel valued and motivated to stay. To boost your employee retention strategies, please contact us. Also, to learn more about relevant strategies check out our blog section. 

    Reference Links 

    https://truein.com/ways-to-improve-employee-retention/ 

    https://www.hcamag.com/us/specialization/employee-engagement/how-can-you-increase-employee-retention-without-raising-wages/458758 

    https://www.achievers.com/blog/employee-retention-strategies/ 

    https://firstup.io/blog/how-to-retain-employees-without-spending-more-12-easy-tips/ 

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Why is Employee Well-being an Imperative Aspect for Successful Business?

    Why is Employee Well-being an Imperative Aspect for Successful Business?

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    Do you know employee well-being plays a major role in uplifting your business? Among the plethora of strategies that companies apply to build their credibility, employee well-being counts as an imperative one. Employee health not only includes health benefits or insurance, but much more. It focuses on mental, physical and emotional well-being of an employee within the workplace. 

    Keep reading to know how maintaining employee well-being can contribute to the long-term success of your business venture.

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    7 Reasons why Employee Well-being is Essential for A Successful Business

    A healthy and happy workforce can uplift a business in many ways. Here are the 7 best ways that you must know:

    Increased Productivity

    A sound mind and heart accelerate productivity efficiently. Physical and mental fitness improves employee engagement, focus, etc., fostering work efficiency and perfection. If an employee is not valued or encouraged, he may not be mentally present in the workplace which will degrade the work quality. Thus, focus on fostering a healthy work environment where employees will actively perform their tasks, boosting productivity and improving business performance.

    Talent Retention

    Talented employees are always in demand across all companies. However, retaining the right talent can be challenging if your company fails to foster employee well-being. Companies that maintain a positive work culture to enhance employee well-being always attract skilled individuals and retain them for a long period. Talented employees always look for a healthy work environment and if your company offers it, you can easily hire and retain the best talents in the industry.

    Reduced Turnover Costs

    Companies need to bear hefty expenses for new recruitments, onboarding, and training as employee turnover costs. Besides, a new employee needs time to learn the aspects of the business. Thus, business growth gets affected. Companies that maintain employee well-being can reduce this cost as satisfied employees will not leave the company frequently. It will help you save on the turnover costs and gain profit.

    Better Employee Engagement

    When you take care of employee well-being, they will also remain emotionally engaged and committed to your company’s goals. As a responsible employer, you need to make them feel valued, connected, and supported in every aspect. This will help foster an engaging environment, compelling employees to put in their best efforts for the company’s growth.

    Problem Solving and Creative Approach

    Well-being isn’t just about physical health; it also includes mental and emotional health. Employees who are mentally and emotionally well are better equipped to handle stress, adapt to change, and think creatively. This can be especially valuable in today’s rapidly evolving business landscape where innovative solutions are often needed to stay ahead.

    Enhances Brand Reputation and Credibility

    Encouraging employee well-being helps in building credibility and business reputation. An employer who is committed to employee well-being sets an example before business partners, clients, and investors. This helps increase the reputation of the company, attracting potential investors and loyal customers.

    Regulatory Compliance

    In many industries, it is a mandatory legal requirement to comply with employee well-being, health and safety standards, etc. Companies that are not following these regulations can be fined and led into legal hazards. Thus, maintaining employee well-being also helps your company in staying compliant with the legal norms.

    Final Words

    Now you know that employee well-being is essential to maintain a healthy working environment and build business credibility. It imposes a direct influence on the company’s productivity, employee retention, overall business performance, etc. If you are struggling to foster the much-needed employee well-being strategies into your company, feel free to contact us. We provide professional assistance at an affordable price to boost your business. For further information on employee-wellbeing or a healthy workplace environment, read our previous blogs.

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    Reference Links:

    https://hrme.economictimes.indiatimes.com/news/workplace/why-cultivating-a-culture-of-employee-well-being-is-now-a-business-imperative/94189958

    https://blog.zenhr.com/2022/02/21/why-is-employee-well-being-important/

    https://mondaymerch.com/blog/monday-merch-3/the-importance-of-employee-wellbeing-for-business-success-54

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Effective Ways to Improve Individualized Employee Experience

    Effective Ways to Improve Individualized Employee Experience

    [et_pb_section fb_built=”1″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]An organization is said to be making efforts to improve individualized employee experience when it takes an individual approach to build employee experience strategy. As a result, its employees’ unique needs, aspirations, and preferences get fulfilled. 

    This is also important because when employees notice they are being heard, it increases a sense of loyalty and makes them feel more dedicated to work. Thus, employee engagement increases which further helps in earning more revenue for the company. 

    But how to implement it is the main question? Find some effective ways to improve the individualized employee experience below.

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    5 Ways of Improving Employee Experience at Work

    Nowadays, companies do not focus solely on increasing the number of sales. After the findings of human motivation research were out, companies realized how important it is to maintain their employee’s morale to increase their turnover. So, the focus has now shifted to improving the individual experiences of employees. Some effective ways to do that include:

    Better Communication

    The job of the internal communication team is not just to disseminate information across the company but to encourage employees to work together to achieve a common goal. Moreover, they must be making an effort to win the trust of their employees and build a connection with them. This rules out any gap and gives employees a purpose to work. Thus, as a result, it increases the annual productivity of a company.

    Mapping Employees’ Journey

    Employees, from the time they join a company till they leave, live out a journey, and if an organization makes an effort to map it out, it can identify the pain points of its employees and critical moments. Using it later, an organization can design strategies for meeting the different needs of their employees. In contrast, companies can also use it to keep conversations with their people on track, thus avoiding the trap of forgetting something carried out initially.

    Invest in the Wellness of Employees

    Active employees save a lot of health costs for their companies, but wellness is not just physical. So, the wellness programs set by organizations should also encourage mental health, along with spiritual and emotional wellness. When employees are more rested, they are more attentive and productive. Apart from this, management should also look to implement sick leave, paid vacation, a health & fitness program, paid parental leave, an onsite gym, provide healthy snacks, and arrange health clinics.

    Take Action on Feedback 

    A common problem with organizations is that they implement a survey to collect employee feedback but do not act on it. As a result, the effort often backfires as employees feel the management has nothing to do with how they feel. On the other hand, when employees the management is hearing them, they feel freer to share and suggest. So, to improve individualized employee experience, companies must communicate their action plan to their employees. This must also include the person who is particularly responsible for bringing this change.

    Implement Development Programs

    Employees feel more attracted to work in a company where they have more room to grow in their careers. Moreover, one of the ways companies can gain such confidence from their employees is by implementing programs to train the next set of leaders. Also, to let employees see their future, management should design individual employee development plans and discuss long-term plans with them at least once a year. 

    These are some of the ways management can use to win the trust of their employees. Following it will help improve a company’s individual experience. However, these are way tougher than it looks. So, every company must have an experienced team of managers to look after them. If not, then reach out to us. We can handle the HR system, employee employees, payroll, attendance, and other areas for you. Also, if you want to know more about management and role, you can check out our blog section. 

    [/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version=”4.9.3″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.3″ _module_preset=”default”][et_pb_text _builder_version=”4.9.3″ _module_preset=”default”]Reference Links:

     https://www.cmswire.com/digital-workplace/11-ways-to-craft-personalized-employee-experiences/

    https://www.qualtrics.com/blog/10-ways-to-improve-employee-experience/

    https://www.tydy.co/blog/top-5-benefits-of-personalized-employee-experience#:~:text=Personalized%20employee%20experiences%20can%20help%20you%20create%20healthy%20and%20productive,their%20journey%20within%20the%20organization.

    https://bonfyreapp.com/blog/employee-experience-strategy[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Contact” _builder_version=”3.22″ background_color=”#012780″ use_background_color_gradient=”on” background_color_gradient_start=”#012780″ background_color_gradient_end=”rgba(1,39,128,0)” background_color_gradient_end_position=”60%” background_color_gradient_overlays_image=”on” background_image=”https://wordpress.fortunebizconsulting.com/wp-content/uploads/2020/03/insurance-01.png” background_size=”initial” custom_padding=”54px|0px|120px|0px|false|false”][et_pb_row module_id=”contact_form” _builder_version=”4.4.4″ background_color=”#ffffff” custom_margin=”80px|||” custom_padding=”80px|6%|80px|6%|true|true” animation_style=”zoom” animation_intensity_zoom=”-5%” animation_speed_curve=”ease-in” border_radii=”on|10px|10px|10px|10px” box_shadow_style=”preset1″ box_shadow_vertical=”40px” box_shadow_blur=”80px” box_shadow_color=”rgba(55,104,238,0.15)”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.4″ text_font=”Montserrat|300|||||||” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”||||||||” header_2_font_size=”36px” header_2_line_height=”1.4em” text_orientation=”center” max_width=”700px” module_alignment=”center” custom_margin=”||60px|” header_2_font_size_tablet=”30px” header_2_font_size_phone=”24px” header_2_font_size_last_edited=”on|phone” locked=”off”]

    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.[/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • Know More About Workplace Flexibility and Its Importance!

    Know More About Workplace Flexibility and Its Importance!

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    Having a motivation strategy and all is good, but no employee likes to work in an organization that only cares about deliveries and not the needs of their workers. Thus, management needs to make an effort to improve their employees’ experience, and one of the perfect ways to do that is by introducing workplace flexibility. 

    The main reason behind this is employee flexibility directly depends on employee satisfaction. Want to know more? Then read further!

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    What Is Workplace Flexibility?

    Workplace flexibility means giving the employee a chance to work in a way that suits their personality and lifestyle. This means quitting the traditional 9 to 5 culture and bringing modern, flexible culture. 

    An organization must acknowledge that not all employees work their best at a specific time frame. While some concentrate better early, some need time to make themselves comfortable. The only important thing is that management gets their work on time. So, to incorporate such an environment, managers can make flexible arrangements in areas of –

    • Work shift
    • Remote working option
    • Family and medical leaves
    • Flexible arrival and departure time
    • Shared employment option
    • Part-time employment option
    • Sabbaticals
    • Caregiving leave
    • Unlimited paid time off

    What Is the Importance of Workplace Flexibility, and How Does it Help?

    If an organization implements workplace flexibility right, it benefits the company by improving its performance and bringing employee positivity. Find out more about its importance below:

    Reduces Burnout and Stress

    The traditional corporate system often makes the working environment stressful in which everything is pre-decided for the employees when to arrive, when to submit a file, etc. But with improving flexibility, it is seen that employees maintain better mental health. They can curb their deliveries according to their schedule and perform even better.

    Better Employee Attendance

    Another point that makes it important to make a workplace flexible is to increase the attendance of employees. Not only this, but it also reduces tardiness in the workplace. As a result, organization benefits by increasing their productivity scale.

    Increase in Employee Satisfaction and Morale

    When employees feel their needs matter to their organization, they feel more dedicated to work and accomplish their tasks. It increases their morale and even boosts employee engagement. Thus, the company benefits from the increased commitment of its workers.

    Create a Good Public Image

    Bringing flexibility to workplace organization also creates a good image of itself in public. In other words, employers create a friendly image in front of their workers by giving employees the window to choose how, when, and where to work. This makes the company an ideal place to work, thus attracting more talents and improving productivity.

    Improved Employee Retention

    Flexibility in a workplace and an adaptable approach foster a great sense of loyalty among employees. The reason behind this is employees can maintain their work-life balance and thus stay around for a longer period. 

    Generally speaking, the main reason for the switch of talented employees is they are either looking for a better opportunity or desire flexible working hours. So, if companies solve one of their problems, they can increase their employee retention rate. 

    It requires a lot of skill and experience to keep employees happy and help them provide their best at work. This is why many organizations need experts who will look after the management, employee policies, HR system, leave, payroll, and other sectors. If you are one such company looking for professional assistance, reach out to us. We have a simple and result-oriented system of boosting productivity and retaining employees. Get more information about management and the workplace by scrolling through our blog section. There are several things to learn. 

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    Reference Links:

    https://topworkplaces.com/workplace-flexibility/

    https://www.ringcentral.com/us/en/blog/what-is-workplace-flexibility-and-why-is-it-important-for-employees/#:~:text=Flexibility%20offers%20several%20advantages%20for,workers%20actually%20save%20companies%20money.

    https://www.feedough.com/work-flexibility-important/

    https://opensourcedworkplace.com/news/what-is-workplace-flexibility-advantages-for-employer-and-employees

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]

  • How to Keep Your Best Employees in High-stress Situations in 2022

    How to Keep Your Best Employees in High-stress Situations in 2022

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    With files bundling up like a pyramid, deadlines knocking on the door, and pending targets, employees often suffer high stress. However, a manager’s job is to help them not let stress affect their morale and maintain a positive environment around them. 

    But how to foster such an environment in which the performance of the best employees does not get affected even in stressful situations? Here are some tips to follow!

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    How to Manage Stress at Work?

    When employees have too much work and little time to complete, they often ignore their stress. As a result, it gets stored and affects their work ultimately. So, a manager must help them by guiding them on how to manage their stress at work by following the below tips:

    Workplace Flexibility

    One of the best ways to help employees come out of stressful situations is by giving them an adaptable working environment with flexible working terms. It means allowing the employees to work at varying hours depending on the work requirement and pressure. Also, if required, managers must schedule a face-to-face meeting to understand the requirement of their employees and identify if they are suffering from work-life balance.

    Individualized Employee Experience

    Managers must always take care of individualized employee experience and work to improve it. This is important because only when employees feel they belong in the particular workplace does all of their stress go away. Steps that can enable such an environment include:

    • Communicating openly and honestly
    • Demonstrating corporate social responsibility
    • Supporting peers
    • Listening and ensuring                                                                                                                                                                                                                                                                                                                                                                                                                               Give Them More Time Away

    Another best way to help employees perform better is by giving them lots of short breaks. By working for a long period to push deliveries, the stress level keeps increasing, and productivity starts declining. However, on the other hand, when employees take short breaks, it allows them to clear their minds and work with maximum productivity. So, managers must encourage their workers to go on breaks and, if possible, push them to eat their lunch away from their desks.

    Keep Realistic Expectations

    The most common cause of stress in the workplace is deadlines. However, this does not mean managers should discard the system of deadlines, as these are important for tracking and accountability. However, one should make sure they are realistic and attainable. For this purpose, managers can use management tools that tell about specific employees’ workload and capacity according to which management can set their expectations. 

    Reduce Meetings

    When a workplace has too many meetings for workers to attend, they feel short on time to complete their day’s work, creating stress on them. So, managers can help by reducing the number of meetings to absolutely important ones. However, to ensure this does not create a communication gap, one can also use a management platform where communication is centralized. So, everyone is well aware of the updates without wasting time attending the meetings.

    Pair Employees

    Humans can deal with stress better when they have someone to lean on. So, by pairing up employees, managers power them to deal with stressful situations. However, one must set an experienced employee with a newbie to get work done more efficiently. 

    Management is much easier when companies have professional assistants who know how to handle employees and get more work done. If you need such a managerial expert, then reach out to us. We have solutions to every HR, employee, payroll, and management problem. Want to read more on related topics? Then check out our blog section. It has some mind-blowing facts to discover.

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    Reference Links:

    https://www.qualtrics.com/blog/stress-management/

    https://hbr.org/2019/11/making-work-less-stressful-and-more-engaging-for-your-employees

    https://www.forbes.com/sites/forbeshumanresourcescouncil/2021/10/20/five-techniques-for-managing-workplace-stress/?sh=1331ef3b5d74

    https://www.wrike.com/blog/managing-high-stress-employees-in-the-workplace/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Employee Retention Credit – Everything an Employer Needs to Know!

    Employee Retention Credit – Everything an Employer Needs to Know!

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    Employee Retention Credit (ERC) is a refundable payroll credit that businesses or employers can claim on qualified wages. It also comes with certain health plan coverage expenses for the employees.

    ERC is a part of the Coronavirus Aid, Relief, and Economic Security Act (CARES) and functions as a business relief providing time coverage to employers.

    So, even if employees cannot work during the covered period because of the coronavirus outbreak, employers can retain them.

    Following is all you need to know about the ERC and its extension!

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    Different Acts and Their Impacts

    – Coronavirus Aid, Relief, and Economic Security Act – 2020

    As per the Coronavirus Aid, Relief, and Economic Security Act, eligible employers can annually claim a credit against 50% of qualified wages up to $10,000 paid per employee from March 13, 2020, to December 31, 2020. The same applies to borrowers who took a loan under Paycheck Protection Program (PPP).

    – Consolidated Appropriations Act – 2021

    Under this Act, eligible employers and PPP recipients can quarterly claim a credit against 70% of qualified wages up to $10,000 paid per employee in the first half of 2021.

    – American Rescue Plan Act – 2021

    With this Act in play, that credit limit remained the same, i.e., 70% of qualified wages up to $10,000 per employee per quarter. However, certain startup businesses that began after February 15, 2020, with average revenue of $1 million or less, were allowed a quarterly credit of up to $50,000.

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    Who can Qualify for ERC?

    After enactment of the American Rescue Plan Act, most employers, hospitals, colleges, universities, and 501(c) organizations qualify for the credit.

    The eligibility here depends on one of these three essential criteria stated below:

    1. Suspension or reduction of business hours

    Employers would be eligible if they had to fully or partially suspend or reduce the business hours due to a Government order. However, in that case, the credit is applicable to only the affected part of that quarter.

    2. Decline in revenue

    If employers had a notable decline in revenue during the coronavirus outbreak, they would be eligible for this claim.

    3. Recovery startup business

    If employers run a recovery startup business, they will be eligible for the claim. However, to qualify as one, they must:

    • Have started after February 15, 2020
    • Have an annual revenue of under $1 million
    • Be ineligible for ERC under the other two categories

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    PEO’s Role in Employee Retention Credit

    A professional employer organization (PEO) leases employees to employers by entering a joint-employment relationship. It allows the PEO to manage and share several employee-related responsibilities and liabilities with the employer.

    Likewise, this also helps employers outsource their various human resource functions, such as workers’ compensation, employee benefits, payroll administration, and employment taxes.

    PEOs can take certain responsibilities from HR like:

    • Recruitment
    • Unemployment administration
    • Compliance assistance
    • Family and Medical Leave Act administration
    • Benefits administration
    • Payroll administration
    • Workers’ compensation administration
    • Drug testing programs

    As per the contract with the PEO, employers can outsource some or all of the HR functions mentioned above.

    However, if you are a small employer, you may not have the expertise or the infrastructure for these functions. You may also not have the time or resources to focus on intricate procedures like HRIS, payroll, and transactions.

    ERC falls under benefits administration in any organization. So, if you outsource these concerned services, the PEO can directly look into it. In that case, the PEO will handle the benefits administration as well as all the employee queries.

    Are you interested to know more about the perks of outsourcing recruitment, benefits administration, and compliance assistance? You can go through our blogs and talk to us now to appoint the best in this industry.

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    Reference links:

    https://www.investopedia.com/what-is-the-employee-retention-credit-and-how-to-get-it-4802575

    https://www.paychex.com/articles/compliance/employee-retention-credit

    https://www.irs.gov/coronavirus/employee-retention-credit

    https://en.wikipedia.org/wiki/CARES_Act

    https://www.journalofaccountancy.com/news/2021/aug/irs-updates-employee-retention-tax-credit.html

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

    [/et_pb_text][et_pb_contact_form use_spam_service=”on” recaptcha_list=”Default-0″ recaptcha_min_score=”0.7″ email=”stephanie@fortunebizconsulting.com” custom_message=”New Form Submission!||et_pb_line_break_holder||||et_pb_line_break_holder||First Name: %%FirstName%%||et_pb_line_break_holder||Last Name: %%LastName%%||et_pb_line_break_holder||Company Name: %%CompanyName%%||et_pb_line_break_holder||Company Email: %%CompanyEmail%%||et_pb_line_break_holder||Phone: %%Phone%%||et_pb_line_break_holder||Message: %%Message%%” module_id=”et_pb_contact_form_0″ _builder_version=”4.4.4″ form_field_background_color=”rgba(0,0,0,0)” form_field_font=”Lato||||||||” custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”10px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” border_radii=”on|6px|6px|6px|6px” border_width_all=”2px” border_color_all=”rgba(51,51,51,0.06)” form_background_color=”rgba(0,0,0,0)” button_bg_color_hover=”#0053ef” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px”][et_pb_contact_field field_id=”FirstName” field_title=”First Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”LastName” field_title=”Last Name*” min_length=”2″ _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyName” field_title=”Company Name*” min_length=”2″ _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”CompanyEmail” field_title=”Company Email*” field_type=”email” _builder_version=”4.4.4″ button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][/et_pb_contact_field][et_pb_contact_field field_id=”Phone” field_title=”Phone*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][et_pb_contact_field field_id=”Employees” field_title=”Number of employees*” allowed_symbols=”numbers” _builder_version=”4.4.4″][/et_pb_contact_field][/et_pb_contact_form][/et_pb_column][/et_pb_row][/et_pb_section]