Effective leaders spend 60 percent of their time solving problems, while average leaders spend less than 30 percent of their time fixing what’s broken. What’s worse, weaker leaders devote over 45 percent of their time to routine maintenance activities, while stronger leaders spend only 10 percent of their time on paperwork. The lesson: If you get bogged down in trivia, you won’t give yourself a chance to lead. That’s why breaking free from the confines of bureaucratic systems to resolve conflicts and produce meaningful results is a key characteristic of an organizational leader.
Thousands of employers have been snared in the IRS's all-out initiative to increase employment-tax audits—its first such initiative in 25 years. A main target: the tax treatment and reporting of employee fringe benefits....Click here to find out more.