HR

The Employee Retention Credit (ERC) under the CARES Act was created to encourage businesses to keep employees on their payroll during the COVID-19 pandemic. The ERC provided some relief for employers whose businesses were financially affected by COVID-19. Even though the ERC has expired, employers who experienced a significant loss of revenue during the period that the credit was effective may still be eligible to claim it. How does the ERC work? According to IRS…

Remember last year’s “Great Resignation,” when many employees optimistically left their jobs in search of greener pastures? Times have changed a bit, and fewer employees are willing to take the risk of quitting a stable job outright. However, they may be engaging in a trend known as “quiet quitting.” This passive attitude toward work can damage your business, and you want to be able to recognize and address it before it becomes a big problem.…

This year, the so-called ‘Great Resignation’ made headlines, highlighting the trend of employees leaving their jobs in search of better pay, more flexible work arrangements and a host of other desired attributes in an ‘ideal’ employer. However, we are now seeing that employees who left for greener pastures are finding that the grass isn’t always greener with another company or organization. These individuals are sometimes referred to as ‘boomerang employees,’ and they could be the…

Unemployment claims can take up valuable time and affect your bottom line. That’s why it’s important to stay on top of claims and respond to any that are made in error or that contain inaccurate information. Beware of claims against the wrong employer When a former employee applies for unemployment, the employer will receive notification of a claim and have a chance to respond to it. Incorrect information may be challenged, such as when former…

Unemployment relief available through federal and state governments during the pandemic didn’t require employers to file claims against their unemployment insurance. However, those relief measures ended last year, and pre-pandemic protocols and procedures resumed. We’ve observed that improper management of departing staff and unemployment claims over the past two years is now causing problems for some businesses. Inaccurate employment records Employers pay for Unemployment Insurance as a business cost through the State Unemployment Tax Act…

In its 2021 Global Human Capital Trends report, global consultancy Deloitte says that while the pandemic strained and tested the worker-employer relationship, “Thriving in an uncertain future depends on having a compelling vision for where that relationship should go.” Defining purpose for your business When articulating your business’s purpose, it may be helpful to think about your company’s mission, vision and values. According to SHRM, a mission statement is a concise explanation of an organization's…