This infographic by HR Daily Advisor is a snap shot of their more in depth survey on employer holiday pay practices. In the survey they answer questions such as:
- How many holidays do employers pay
- Do employees have to work the days before or after a holiday to qualify for holiday pay
- What are some holiday gifting policies
- What percentage of companies decorate or throw parties
- How much and how many companies plan to share with the community
- How have these trends changed from previous years
If you’re wondering if holiday pay is required by law, check out this post!
In most restaurants across the country, servers share their tips with supporting staff. This is generally a good practice since all of the restaurant employees are jointly responsible for the customer’s satisfaction. In general, the service of all the employees is better if they receive tips. Additionally, the bar, in a typical restaurant, does not receive much tips in comparison to the servers and so it is fair that the servers split some of what they make with them.
How the tips are split varies and there is a formula for every type of scenario. Tips can be pooled between the wait staff, kitchen staff, bussers, and bartenders. They might be distributed by a percentage, using the honor system, or by points. Whichever method the restaurant uses is usually up to the manager.
In recent years, more and more people are telecommuting, or working from home. Sometimes this has been a forced decision following a redundancy as a result of the global financial meltdown, other times it’s a deliberate decision. Working from home cuts down on time spent commuting, it allows for more personal time, and it limits the amount of money that a company needs to spend on office administration.
In order for a small business to establish competitive and profitable pricing they must understand the difference between fixed cost and marginal cost. Knowing how much it will cost the company to produce one more item or provide one more service helps the company construct pricing schedules, create coupons, and give discounts. This is marginal cost and it is the key element a company needs to understand to stay afloat in a competitive market.
The purpose of the IRS Standard Mileage Rate is not to impose a rate of payment by employer to employee, but to give the employee a guide for his or her deduction at tax time.
The rate offers compensation to the employee either through payment by the employer or in the form of a deduction for business related mileage on a personal vehicle.
Technically, an employer can pay any mileage rate he sees fit, whether that be over or under the IRS standard. But if he doesn’t meet the IRS standard, the employee can deduct that amount on her taxes.
There are a lot of ways to offer accruals to your employees. Probably the most common is to give them their whole lump sum at the beginning of the year or anniversary date. But there are other ways to calculate accruals too.
For employees who may not be long termers you can add time to their bank on a monthly or biweekly basis. Or, if you just like being super accurate, you can add time based on the actual number of hours they work.
If you want to calculate interest correctly, you need to know three values:
- The principle amount
- The interest rate
- The amount of time (in years or fractions of a year)
When you know these three values, the calculation is simple. We’ll call interest (I), principle (P), rate (r), and time (t). Then I = Prt.
The effect the flu season has on the nation’s businesses is expensive. According to the an Annual Flu Season Survey, each year there are an estimated “70 million missed worked days” and “billions in lost workplace productivity.”
Sick employees either come to work sick, perform poorly, and potentially infect the workforce, or they stay home and cost the company time-off expenses.
Authors of the Annual Flu Season Survey stated that “nearly 90 percent of office workers come to work even when they know they are sick” and this is even despite the fact that most of them understand they are contagious.
Sick employees is something businesses clearly want to avoid but the solution is not as simple as keeping germs out of the workplace. A person is contagious with the flu, for example, one day before symptoms even present and up to five days after. Inevitably, the flu virus is going to make its way into the workplace. Many janitorial teams work hard to eradicate germs by meticulously cleaning the office each night. This strategy can prevent a person from being infected in that locale but over-cleanliness tends to depress the immune system. The best prescription for keeping the workforce healthy is nutrition.
Employers can help with that by making super foods available to employees! By offering immunity boosting foods that employees can munch on throughout the day, employees’ immune systems get a boost with special nutrients and some of the other sugary junk employees might otherwise snack on will be replaced by healthier options.
Eight Immunity Boosting Foods For the Office