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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Kick Your Company Communication into Overdrive: Part 1

Communication—especially in the workplace is critical to a healthy work environment. Whether you’re in management or not, effective communication among coworkers and employees can make or break your working relationships. Face it, we spend more time at work than at home so building healthy relationships with coworkers is key. To help you kick your communication style up a notch, we are giving you 20 simple tips—10 today and 10 more in Part 2 of this article—to help you improve your communication skills and build stronger relationships with your coworkers.

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Pros and Cons of an HDHP for Your Employees

Often when people hear the words "high deductible," they're wary of having to make a huge payment up front, before insurance kicks in and helps pay expenses. Though high deductible health insurance plans are becoming the norm, employees often express concerns about using these plans themselves. If you're considering moving to a high deductible plan or have recently implemented one, here is some information that will help you acknowledge your employees' concerns about costs while pointing out the potential positives a high deductible health plan (HDHP) can deliver.

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Knock Your Annual Performance Reviews Out of the Park

Performance reviews can be stressful for both you and your employee(s), but with proper planning, you can knock your reviews out of the park. Employees want to hear how they are performing on their jobs and what value they bring to the organization, and constructive criticism is key to helping them develop personally and professionally. Keeping an open dialogue helps build your relationship with your employees and builds mutual respect in the workplace. 

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Making Corrective Distributions in Your 401(k) Plan

Do you offer a 401(k) or other retirement plan to your employees? If yes, it's wonderful that you assist your employees in planning and saving for their future! Like many other financial areas in your business, though, your 401(k) plan requires some oversight to avoid trouble and Internal Revenue Service (IRS) penalties. Make sure you familiarize yourself with these rules regarding contributions and the possible need for corrective distributions from your plan.

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Top 7 Mistakes to Avoid with Your Employee Handbook

An employee handbook is a living document for any organization and exists because they set the tone between the employer and employee, acting as a valuable communication piece. Inside every employee handbook, you can typically find historical information about the company, policies, procedures, and an explanation of benefits, among other things.

It is important to create a well-written employee handbook, and regularly revisit the content to ensure it aligns with any new laws or regulations that could impact your organization or employees. A well-drafted employment handbook is able to minimize an employer’s exposure to employment-related lawsuits and increase an employer’s likelihood of prevailing when litigation cannot be avoided. 

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Employee Versus Contract Worker: Which Should You Hire?

Hiring an employee versus a contract worker can lead you to ask a variety of questions about the differences between the two, but the type of work you need in your organization will ultimately determine the best choice for you.

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3 Key Employment Laws That You Need to Know

Operating a business comes with great responsibility to not only your customers but also to your employees. It is important to understand key employment laws to make sure you stay in compliance with the law and don’t jeopardize your business or the safety of your employees.

Here are three key employment laws to keep in mind that will help manage your employees.

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5 Fantastic Benefits of Having Remote Employees

Recruiting and retaining employees in our fast-paced, digital world is no easy task for business owners. To compete in this new era with tech-savvy millennials, the first step is recognizing the evolution of the employee. There aren't many speed limits on technology, so it's resulted in easier ways for employees to communicate, be productive, and deliver services from a remote location. This means it's no longer necessary for every employee to wrestle with a bumper-to-bumper morning and afternoon commute. Sound unconventional? Well, it's becoming the norm for a lot of businesses—3.7 million employees work from home at least half time—simply because it yields huge advantages. Frankly, remote employees are often more productive than on-site employees, which can save companies money in the long run. 

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3 Laws that Affect the Interview Process (And How You Can Avoid Breaking Them)

Hiring the right employees is a critical business function. With a vast number of potential candidates, finding the right fit for your company is not always as simple as reading over a resume and cover letter. The interview process is a vital component of hiring procedures, but it can also be stressful and time consuming. Further, the type of questions hiring managers ask could potentially be a violation of the law. There are several laws that affect the interview process, and today, I'll cover three of those laws and go over how to phrase interview questions so that you can get the answers you need to make appropriate hiring decisions, while ensuring the candidates' rights are not violated.

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Financially Protect Your Employees By Offering Voluntary Insurance

Providing health care coverage to eligible employees is a requirement for many employers under the Affordable Care Act. The intricacies (and expense) of complying with the requirements can be complex, but of course, the non-monetary advantages of providing your employees with health benefits—a happier, healthier workforce, higher productivity, more competitive recruiting—can make the time and energy spent by your benefits team well worth the effort. 

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