Never let a good deed go unrewarded — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Employees who feel their good work often goes unappreciated may have a case. More than a third of professionals recently polled said businesses are ineffective at rewarding their employees’ strong performances. Thirty percent of managers surveyed agreed.
Employees and executives were each asked, “How effective or ineffective are businesses today in rewarding their employees for good performance?”
Very effective 18% 7%
Somewhat effective 44% 63%
Somewhat ineffective 19% 25%
Very ineffective 16% 5%
Don’t know 3% 0%
Easy, yet meaningful ways to recognize staff: Say thanks. Don’t underestimate the power of saying “thank you.”
If you handle payroll compliance, beware: As other tax revenue sources dry up, the IRS is hiring 700 new revenue agents whose only job will be to hunt down payroll-law violations. That means intense new scrutiny of your W-2s, 1099s, 1095s and other payroll tax reporting compliance....Click here to find out more.