It’s been over five years since the ACA (Affordable Care Act) was signed into law and business owners and managers are still struggling with the heavy list of compliance requirements. “The ACA has made benefits much more complicated than they ever were before,” said Sally Roberts, Director of HR at Morris Communications Company, at a recent House subcommittee meeting. So…
Small companies don’t usually come to mind when you hear about employees wanting to unionize. In fact, most people associate unions with jobs in government, manufacturing, professional sports, or Hollywood. However, if you’re a small business owner, you need to be aware of the “Ambush Election Rule” that went into effect on April 14, 2015, which may boost union participation,…
If retaining your top performers is a concern, you’re not alone. According to the 2015 Compensation Best Practices Report from PayScale, 63% of employers reported employee retention as their “top concern.” With an increasingly competitive talent market, the grass can easily look greener to even a slightly unsatisfied employee. So what options do companies have to help retain their key…
If the cost of providing healthcare wasn’t enough, the Affordable Care Act (ACA) compliance costs for small businesses now estimate around $15,000 a year. A recent AP report outlined the struggles many small businesses are having with the ACA’s requirements. Considering the additional hassle and exorbitant costs, it’s no wonder business owners are having a difficult time undertaking this new…
For 2015, the annual HSA contribution limit for an individual with self-only coverage is $3,350. For those with family coverage, the 2015 contribution limit is $6,650. HSA policyholders age 55 and older can save an additional $1,000 to either the self-only or family coverage amounts, depending on their policy coverage. All HSA contributions are 100% tax deductible. Individuals must qualify…