The Scenario: Your company issues a final paycheck to an employee who is moving out of town and leaves only a forwarding address. A year later, the check still hasn't been cashed despite several letters your company has sent offering to void the original and reissue the check. You know that your bank won't cash [...]
Increasingly, the most valuable asset of a job applicant isn't a specialized knowledge of one particular field (for example, architecture or engineering). The most valuable assets of a job applicant often are skills increasingly common to all job positions. They include: Computer literacy. Look for the individual who can analyze and interpret computer information, who [...]
The cost of employee turnover is alarming for many businesses. The latest statistic available from the Employment Policy Foundation suggests the average cost of turnover to employers is $13,355 per full-time private-sector employee replaced. Keep in mind, this study was done several years ago so chances are this figure has risen considerably. Still it is enough to be troubling. [...]
Economic fallout from the COVID-19 crisis may cause some cash-strapped individuals to default on loans they've taken out from company qualified retirement plans, including 401(k) and profit-sharing plans. Defaulting on a plan loan will cause adverse tax and retirement-saving consequences. Here are the details. Retirement Plan Loan Basics A participant in an employer-sponsored qualified retirement [...]
Garnishing an employee's wages can be inconvenient, but there is little you can do about it. When one of your employees fails to pay a debt or owes the government money, a court may issue an order to withhold income, which means your company takes money from the employee's paycheck and forwards it to the debtor. [...]
The COVID-19 crisis has taken a toll on many small businesses. But some winners are expected to emerge from the wreckage. Unprecedented steps will be taken to guard against health risks from COVID-19 and whatever might come along next. The new normal will create new opportunities. Small businesses that can respond to those opportunities will [...]
For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so much. By now, if you have had a significant number of employees doing their jobs from home, you may have enough experience to assess whether remote working arrangements are a net plus for your business. [...]
HR&P is proud to support the Houston Business Leaders Forum (HBLF), as they assemble a broad range of industry insiders, including HR&P’s very own, Christopher Fisher – VP, to discuss today’s climate, lessons learned, and charting your path for recovery. Simply click on the link or the image below to register and see details of [...]
College is a major investment. But, if campuses remain shuttered in the fall due to the novel coronavirus (COVID-19) pandemic, will your student get his or her money's worth from virtual classes? Though universities may provide rebates for unused room and board costs, they're unlikely to offer discounts on tuition costs if classes remain online. [...]
Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have the option to reopen. Since no two businesses are alike — even those in the same industry and location — what makes sense for one company could be a disaster for another. But many questions [...]
