If you work in management, then a strong understanding of the fundamentals of workers’ compensation is imperative.
The benefits package you offer your staff can say a lot about your business as a potential place to work.
If you’re hurt on the job, there’s a good chance you’ll use the worker’s compensation system to recover for your damages. You want to make sure that you get everything that you deserve.
There are many different kinds of perks that companies give out to reward workers in return for loyalty. People are much more likely to choose the companies that provide these extra benefits.
Running a successful business rarely comes without a handful of challenges and often times it is directly related to your employees. Every employer knows that employees are the life or death of a company and there are many things to consider to keep the “ship running smoothly”.
Many employees’ mornings are spent counting down the hours until their lunch break, only dispersed by intermittent trips to the break room to fill up on their life-saving cups of instant coffee. Although an office is a place of work, does that mean you shouldn’t provide any amenities to your workers that they could obtain themselves? Not so.
When the economy plummets, benefits packages are often one of the first perks to get cut. Companies that go against the grain and increase or keep their excellent benefits packages intact deserve some extra praise.
A high employee turnover rate is something every business wants to avoid. It’s not only important to keep all your staff happy, but to recognize and reward your hardest working employees.
According to the Dept. of Labor, over 270,000 workers’ compensation claims have been filed from January to July of 2015. During these seven months, over nine billion dollars of compensation and medical bills have been paid.
Tweet They must take it upon themselves to get employees engaged when it comes to on-the-job safety and awareness. Complete safety in the workplace requires engaging employees on many different
There are many ways that the current healthcare legislation will make things potentially difficult for small businesses. Business owners with 50 employees are more will be required to purchase insurance plans for 100% of their employees or have to pay a penalty.
High employee turnover can impact your bottom line. The added expenses of training and hiring bonuses, combined with lost work hours that can add stress to the rest of the team, can turn into a big disaster.
You know how to run your business quite well, keeping on top of the cost of materials, utilities as well as what your competitors are charging. What may mystify you are salary pay scales, specifically, the amount of compensation and benefits any particular employee should receive.