Human Resources

From employment law to compensation and benefits, FMLA and hiring and firing and more, Business Management Daily provides comprehensive Human Resources updates.

Discover how your colleagues – and competitors – are dealing with discrimination and harassment, employment law, benefits programs, and more.

1. Self-employed? Deduct full health premium

Finally, self-employed people can write off 100 percent of their health insurance premiums (up from 70 percent in 2002).

Note:

You can reap significant additional tax savings by making your spouse an employee of your sole proprietorship or single-member LLC and setting up a medical expense reimbursement plan. That strategy could let you deduct all your family's health costs (including uninsured expenses) on Schedule C, plus it could lower your self-employment tax bill.

U.S. workers have stayed put, waiting out the recession. Now, 40 percent of workers plan to change jobs this year, according to a Careerbuilder.com survey. Some tips to lure the best:

You've probably heard that hiring your children is a great tax-saving move. Their income is taxed in their low tax bracket, and as long as you handle things correctly, your company can deduct the compensation.

If you're fed up with an employee's conduct, consider entering into a "last-chance agreement" with the worker before cutting him or her loose.

Now's a good time to carefully review your policy on whether employees receive pay for unused vacation time when they depart your organization.

Outside hires typically take twice as long to reach full productivity as in-house hires, and executives and managers can take even longer, according to a study by Mellon's Human Resources & Investor Solutions Service.

It's not a topic you can ignore anymore.

Last-ditch efforts to block new federal overtime rules died last month, meaning the U.S. Labor Department is poised to publish new rules within the next month or two.

In his State of the Union speech, President Bush made a hearty push for Congress to pass association health plan (AHP) legislation. But don't hold your breath.

 Treat failure as temporary setback.