Selecting voluntary benefits can be an important aspect of your overall benefits package for several reasons. These benefits, which are typically offered by employers but paid partially or entirely by employees through payroll deductions, can enhance your financial security and well-being. Here are several reasons why you might consider selecting voluntary benefits: Personalized Coverage: Voluntary...
By Kathy Gurchiek While generative AI is helping job candidates write cover letters and craft resumes, scammers are using it to create fake job descriptions that ultimately can result in identity theft and a drained bank account for those snared by these schemes. “With the aid of generative AI technology like ChatGPT, scammers find...
Outsourcing bookkeeping services can offer several benefits to businesses, especially small and medium-sized enterprises. Here are some of the key advantages: Cost Savings: Outsourcing bookkeeping can often be more cost-effective than hiring an in-house bookkeeper or accountant. Businesses can save on employee salaries, benefits, office space, training, and equipment expenses. Expertise and Specialization: Outsourcing firms...
On Jan. 9, the Department of Labor’s Wage and Hour Division (WHD) released its highly anticipated final rule on worker classification, “Employee or Independent Contractor Classification Under the Fair Labor Standards Act.” The final rule, officially published on Jan. 10, will become effective 60 days after it is published on March 11 in the Federal Register....
The level of detail required for your bookkeeping depends on various factors, including the size and complexity of your business, industry regulations, and your specific reporting needs. Here are some general guidelines to help you determine how detailed your bookkeeping should be: Legal Requirements: First and foremost, your bookkeeping must meet legal and regulatory requirements....
By Kathy Gurchiek Ninety percent of HR professionals say they take immense pride in their work, but they’re stretched thin trying to meet their organizations’ needs, according to new research from SHRM. Inflation and its impact on their employer’s budget—especially on wages and hiring—continues to be their organizations’ overriding concern. “SHRM has found...
Whether you need a bookkeeper depends on various factors, including the size and complexity of your business, your accounting knowledge and skills, your time availability, and your willingness to manage financial tasks. Here are some considerations to help you determine if hiring a bookkeeper is necessary for your business: Business Size and Complexity: If...
By Roy Maurer Job boards are essential tools for recruiters. From the leading sites like Indeed and LinkedIn to an array of industry-specific niche boards, these sites remain the top source of interested job seekers. Even as hiring and job posting has slowed down, the job board market is thriving, and the industry remains...
Bookkeeping is the process of recording, organizing, and managing financial transactions of a business. It’s crucial for tracking the financial health of a company, making informed business decisions, and fulfilling legal requirements. Here are some basics of bookkeeping: Double-Entry System: Bookkeeping typically follows the double-entry system, where every transaction is recorded twice, once as...
By Roy Maurer Skills are the common thread connecting the high-level trends that will drive talent acquisition in 2024. Employers will invest more in generative AI (GenAI) technology across HR—with recruiting at the leading edge—creating the need for critical new skills. The skills-based hiring movement will continue to gain recognition. And against the backdrop...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
