There are many advantages of a dependent care flexible spending account (FSA) for working caregivers. If you have someone who resides in your home whom you are able to claim as a dependent on your tax return, you may be able to utilize the benefits of an FSA to save money. Here are six big advantages of operating an FSA through your employer.
Having immediate access to important information is a must nowadays. We live in an on-demand society, and if your customer cannot get what they need “right now”, they will find it elsewhere. That’s why Employer Flexible launched myHR– a mobile application to save its customers time and decrease stress. And who couldn’t use a little more time and a little less stress in their life? With the Employer Flexible myHR app, employees have 24/7 access to critical benefits, payroll and policy information for themselves and covered family members.
When Employer Flexible first launched the app in 2015, demand for digitized employee HR records and benefits information was on the rise. Today, it’s a necessity. This year, worldwide app downloads rose to over 200 billion, with no signs of slowing down.
As a business owner, productivity is always a priority, but an employee’s health and satisfaction should also be taken into consideration. Running a successful business has become synonymous with maintaining a group of happy and healthy employees who are engaged in their work on a daily basis. However, many companies fail to promote a culture of work-life balance.
There is no longer one solution for accomplishing a healthy work-life balance, nor is it a “nice-to-have” for a business.
Critics of the performance review have long pushed for its extinction. And it's easy to jump on the bandwagon. When implemented incorrectly, performance reviews can feel outdated, cumbersome, and outright disingenuous. But when handled strategically, the performance review can bring benefits that far outweigh the cost of the process.
Here are five key reasons to keep and perhaps upgrade the performance review for your organization.
The social media landscape offers incredible chances for establishing a positive online presence for your company – but participating in this forum could backfire if not closely controlled. Therefore, as you build your company, you need to establish social media policies that help protect your brand from any digital missteps.
With helpful guidelines in place, your employees can actively participate in social media without risk of tarnishing your brand or disrupting your operations.
The healthcare flexible savings account (FSA) is one of the most overlooked and advantageous tax havens and personal protections you can use. Whether you are gainfully employed under the safehaven of a huge company or taking on the world as a self employed entrepreneur, a healthcare FSA can help you tremendously.
Maintaining a strong workplace culture has become a must-have for business owners today. In many cases, culture may be nearly as valuable to a job seeker as salary and benefits. However, when creating a workplace that promotes a positive culture, business owners often walk the fine line of fun and productivity. As your company’s leader, it’s important to appoint a few employees to a company “culture committee” to lead the charge in promoting fun in the office so you can stay focused on moving the business forward.
A new job means a fresh start, but it also means filling out tax forms again. And even if you're not starting work someplace new, the IRS still recommends that you revisit your withholding form intermittently, as well as anytime you have a significant life change, such as a marriage or birth. This is especially important during years when important tax changes have taken place. The IRS even offers a free withholding calculator that makes it easier to estimate just how much needs to come out of your paycheck every pay period.
Traditional pensions have gradually died away like long-lost dinosaurs of the retirement savings world with 401k plans emerging as the primary way Americans are saving for their golden years. What was once a secondary option for retirement savings with a lot of employers is now much more prevalent. According to ForUsAll:
Providing quality benefits to employees is a primary factor in retention and recruitment among companies both small and large. Being engaged with a Professional Employer Organization (PEO) can increase the quality of benefits passed along to employees. It is the PEO’s role to educate the client on the plan design of their benefits and on how much the employer should contribute to recruit the best talent to their organization. Companies without a PEO relationship require much more internal effort to secure quality benefits and ensure that benefits run smoothly from a financial perspective. Additionally, a special service offered by Employer Flexible called the Benefit Audit is a way to objectively process all employee costs related to benefits and advise a business as to where it could best save money in the long run.
