Reward longevity — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Besides money, rewards can take the form of trips, additional training, more responsibility, new titles or new surroundings, such as a larger office. Give “loyalty bonuses” that reflect the completion of long-term projects or years of service. The reason: Longevity is tied to feeling needed and appreciated, in business relationships as in personal ones.
The IRS is in the middle of intensive line-by-line payroll audits to ensure that your withholding procedures are 100% correct. And it's not just the IRS. The U.S. Department of Labor has been on the prowl lately for employers that slip up on the confusing retirement contribution rules....Click here to find out more.