Part of running a successful business is keeping not just customers happy, but employees too. Good employee morale will mean more productivity, so it’s important that you design ways to show employees your appreciation and recognize their achievements. There are many different types of award programs that you can implement, but we’ve rounded up some […]
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Entries by LCAF
Let’s be honest, handling payroll in-house can be a time-consuming grind. And while it might make sense to take care of payroll when funds are tight and employees are few, that often changes. There comes a point for each business when the balance between profits, employees, and time requires calling in some outside help.
Some municipalities are taking another look at sick-leave policies and paid time off, and are requiring employers to be more generous with such benefits than what has been historically offered. This is what Chicago and Cook County are doing — and this just might be the beginning of a trend.
Online payroll services can enhance your business in many ways. If you run a small to mid-size business, you may have handled all your payroll affairs in-house. But if this process has grown overly complex and too time-consuming to handle on your own, then it’s time for a change. It’s time to switch to online […]
Glassdoor created a database of company reviews and CEO ratings, as well as interview and benefits information from existing and former employees who post anonymously. Details about salaries and other information regarding what it’s really like to work at a business from interview to exit are provided. The data are available to the public.
When does it make sense to outsource payroll services? In recent years, this has been a popular question for companies of all sizes. Ultimately, it is a decision you have to make for the betterment of your own business. But when you hire a payroll company like LCAF Payroll to handle it, we take care […]
Employers are incorporating wearables into their workplace wellness programs. How can they promote health and well-being?
An ESOP is not the only way for employees to own a company, but it is by far the most common. Although the concept was almost unknown until 1974, by 2014, about 7,000 companies had ESOPs covering 13.5 million employees, according to the National Center for Employee Ownership, a nonprofit membership group that provides information […]
From 401(k) plans to individual retirement accounts to Social Security, the federal government has been busy in recent weeks adjusting numbers for 2018. Whether you’re an employee or business owner, senior management or nonexempt staff, these changes may affect how you approach retirement in the coming months and years.
It’s one of the biggest decisions you’ll make for your company: Who will help you offer a retirement plan to your staff? Research financial firms that provide record-keeping and third-party administration services for 401(k) plans: mutual fund and insurance companies as well as brokerage firms. Look for an established business with a first-rate reputation in […]
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