As managers and HR professionals, you’re right to be concerned when you hear that number. Think about it: more than 8 in 10 of your employees are looking for a new job or are open to leaving your company.
But why? And what can you do about it?
Fortunately, LinkedIn dug a little deeper when they surveyed 18,000 fully-employed professionals across 26 countries, including the US, Australia, Canada, India, and the U.K. These individuals were either actively seeking their next role or were passive employees-meaning they were reaching out to their personal network or were open to talking to a recruiter – here’s what they had to say, in order of importance…
- Better Compensation and Benefits
- Better Work/Life Balance
- Better opportunities for Advancement
Actively Looking Employees:
- Greater Opportunities for Advancement
- Better Compensation and Benefits
- More Challenging Work
Taken together, these findings identify areas that you, as a manager or supervisor, should pay careful attention to. To begin, make sure that your employees are being paid and compensated competitively and that they are aware of their opportunities for advancement.
Did you know that work is the second most common source of stress after money? Worries about workload, job security, or work/life balance can all take a toll on your employees, causing symptoms such tension and irritability, inability to make decisions or concentrate, feelings of powerlessness and anger, physical ailments, and risky behaviors such as increased use of alcohol and drugs or even violence– none of which make for a happy and productive workplace.
Of course, certain industries and work environments–such as restaurants, emergency rooms, and retail stores–can be inherently stressful, and every employee has his or her own threshold for tolerating and managing stress. And facing challenges at work or short-term bouts of stress can be part of building a career. However, left unresolved, workplace stress can damage your bottom line.
As a manager, there are things you can do to help employees cope. Stress management should be an important part of your overall health and wellness efforts. Your individual solutions will be unique to your business, but use the ABCs as your guide.
Senior executives and managers need to recognize when workplace stress is hampering morale and productivity, and publicly commit to addressing the problem.
Senior executives and managers need to recognize when workplace stress is hampering morale and productivity, and publicly commit to addressing the problem.
Meet with your managers and employees at all levels to find out precisely what is causing them stress. It could be unrealistic deadlines, lack of training or management support, or being understaffed. Candid responses are essential, and employees must be assured that they will not be penalized for feedback. Ask your employees what they suggest to improve the situations that trigger stress. If necessary, hire an outside party to conduct the session so your employees can speak freely. Let them know that feedback is an ongoing process, and you want to keep the lines of communication open.
As you implement programs, you need to get creative. Consider adjusting work hours, shifting employees internally or hiring part-time help for crunch periods. Give extra breaks during the day to allow your employees to stretch and refocus, and make it fun. Your break room is a great spot to foster personal interaction, so if your business allows, make it an engaging place to be with fun lighting, comfortable seating, or even a billiards, ping pong, or foosball table to let your employees blow off steam. Far from being time-wasters, these features can foster teamwork and creative thought. If it’s solitude your employees seek, offer them a quiet space to rest and recharge. You can also host informal, company-sponsored opportunities for employees to bond and socialize outside of work, such as a pizza party, bowling night, or trip to a sporting event.
Finally, remember that in some cases workplace stress may be part of a more serious psychological issue or disorder. This is not something to ignore or assume will get better on its own. Employees who are struggling should be handled with care and referred to an employee assistance program, or EAP, for professional assistance. For more information on workplace stress, employee wellness, and EAPs, visit us online at execupay.com
According to management expert and dean of Harvard Business School, Nitin Nohria, communication is the real work of leadership. And that doesn’t apply only to Fortune 500 companies. No matter the size of the organization, effective managers must be strong communicators to inspire and lead their teams. Unfortunately, with day-to-day business demands, communication skills are getting short shrift at too many companies. Today we’re going to give you a communication tune-up—a set of strategies and suggestions that will help keep your communications efforts on point.
1. Understand that whether you realize it or not, you’re always communicating. Your office environment, corporate culture, and treatment of customers and employees all say a lot about your company. Each of these contributes to your overall reputation in the marketplace or, if you prefer, your brand. As Jeff Bezos, founder of Amazon, says, “Your brand is what people say about you when you are not in the room.” So pay some attention to those branding elements, and make sure that the communications you telegraph are in line with your desired goals and reputation.
2. Encourage regular and ongoing feedback from managers and supervisors to employees. This should include both positive and negative, or constructive, feedback. Remember, no employee likes to be ambushed at review time with the news that he or she has underperformed or failed to meet a goal. The time to communicate this information is while the employee can actually do something to change the situation. Equally important, provide the resources necessary for your employees to make the changes and improvements you request.
Office romance is becoming increasingly more common. But whether or not workplace romances lead to wedded bliss, they must be handled with care.
Office romance can provide a unique set of challenges to both parties involved, as well as to their supervisors and HR managers. Indeed, no matter how discreet or consensual, these relationships come with some built-in pitfalls. First and most simply, office romances can become a distraction. They can harm the productivity of both the parties involved and their immediate colleagues. Nobody is immune to office gossip…and a budding romance makes for compelling water cooler chat.
More seriously, an office romance can lead to the perception—real or imagined—of favoritism. When a romance occurs between colleagues at different levels of the company, or when one is in a position to positively influence the career, compensation or opportunities for advancement of the other, the perception of favoritism can arise. This is, of course, particularly an issue when the relationship occurs between an employee and his or her supervisor, or someone up the chain of reporting.
A related pitfall is the possibility of damaged credibility or reputation for both the individuals involved as well as the department or company as a whole. Individuals who are dating colleagues may be perceived as less professional for mixing business and pleasure, or even as using their romantic liaisons to advance their position. Next, consider what could happen if a workplace romance turns sour. With a breakup comes the possibility of hard feelings, a stressful environment, disruption of work and productivity or even the potential loss of a valued employee who seeks employment elsewhere to distance him or herself from a former romantic partner. Most seriously, an office romance that ends less than amicably can have significant legal consequences.
Let’s take a moment to discuss sexual harassment, which is illegal under federal law and the law in most states. Simply defined, sexual harassment is any unwelcome conduct of a sexual nature that either results in a hostile work environment and/or results in a tangible employment action, such as a firing, promotion or demotion based on the employee’s submission to or refusal of sexual advances. In addition, a relationship gone sour can provoke illegal behavior such as threats, unwanted contact or other forms of harassment that don’t belong in a workplace or anywhere else.
So what can you do as a supervisor or HR manager to minimize these pitfalls? First, develop a policy on interoffice dating and relationships, and publish it in your employee handbook. While you cannot regulate employees’ off-site behavior and personal choices, you can clearly state that disruption or distraction due to office romance will not be tolerated. You can also prohibit relationships between supervisors and their direct reports, or between any individuals in a chain of command. Outline a procedure for helping such individuals find different positions within the company or, as a last resort, employment elsewhere. Explain your company’s commitment to integrity and professionalism, both internal and external.
Finally, draft, publish and distribute a zero-tolerance policy for sexual or any other kind of harassment in the workplace, including threats or intimidation. Remember, in some instances, the liability for charges of sexual harassment or a hostile work environment could land on the employer…so you must work to avoid these situations. With a strong policy and good communication in place, you have a great chance of smoothing out any disruption and threats office romance might pose to your organization. For more information, and to learn more about sexual harassment, visit us online at www.execupay.com.
Ben Franklin may have been right when he said, “He that is good for making excuses is seldom good for anything else.” But Franklin’s adage is cold comfort to managers whose employees always seem to have an excuse for failing to meet expectations. Luckily, there are strategies to help managers turn repeat excuse-makers into productive team members, before giving up on them completely.
Make sure to give clear direction. If your employee often says he couldn’t get the project done because the assignment wasn’t clear, you may be dealing with someone who—at least for the moment—needs more detailed directives than your other team members. It’s also possible that your directions were, in fact, unclear. Break down long assignments into smaller tasks, and review them carefully with the employee, giving pointers on the most efficient approach.
Be involved. The employee might not fully understand the expectations and duties of her position. Or she may lack the confidence to take the initiative and tackle obstacles independently. Micromanaging gets a bad rep, but sometimes weaker members of your team need closer oversight than others. Schedule status updates with the employee, during which you can help address roadblocks on projects as they arise and guide the employee to next steps. Daily “standing meetings,”—brief, informal gatherings where team members stand and talk about problems encountered or tasks completed—can be useful for this purpose.
Even if your excuse-maker is really just shirking responsibility, these regular check-ins will show her you’re paying attention. They’ll also allow you to keep tabs on the project, so you won’t get a nasty surprise at deadline. Which leads us to our next point …
Demand a “heads up.” Emphasize that you need to know in advance when the employee suspects an assignment won’t be finished on time. Tell the employee that armed with advance notice, you can do your job as manager—bringing in extra help, getting hold of needed materials–whatever is necessary to get the project done.
Explain the consequences. Give the employee the motivation to perform by pointing out the ramifications of his missed deadlines or incomplete work. Convey the message that repeated failures to complete projects on time and as expected will impact the employee’s performance review.
You can couch this in a positive way as well, by pointing out that meeting deadlines with quality work paves the way for recognition and advancement in the company.
Also make sure the employee understands the wider negative effects of missed deadlines–on the team, department, company and client.
Don’t let it slide. If you make a habit of accepting excuses, you’re enabling the behavior, which will likely continue. Failing to deal with the situation head-on is also unfair to employees who do pull their weight, and who may become excuse-makers themselves. After all, why should they pick up the slack for a slacker?
So keep track of your troublesome employee’s excuses, and put them under a spotlight. The next time the employee blames traffic for being late to work, point out how many times he has used that excuse in the past week, month, or quarter. If the employee blames someone else for a missed deadline, call or email that person—in the employee’s presence—to get the other side of the story.
Finally, try turning the tables on the employee. Ask the excuse-maker to figure a way out of the hole she has dug, for you and anyone else affected by the incomplete work. The visuals aren’t ready for tomorrow’s client presentation? You’re out of supplies, but the supply contract hasn’t been finalized? How does the employee propose to deal with the situation? This strategy forces the employee to take responsibility for her lax attitude. She may not be able to come up with a workable solution, but the exercise should help her understand how important it is to the company that she do her job well.
To learn more about HR and benefits management, including progressive discipline, visit us online at execupay.com
Great managers are skilled at connecting with employees and motivating them to work productively as part of a team. Having strong managers is essential for building your company’s profitability and reputation as a great place to work. However, even great managers, with the best of intentions, can inadvertently make mistakes that might expose your company to lawsuits and fines.
Employee lawsuits are an unfortunate reality in today’s workplace, and a source of concern to employers. Even a completely baseless suit can cost six figures to defend; if there’s merit behind the charges, the legal bills, fines, and settlement fees can ruin a small business. Your managers, who are the first line of employee contact, have the power to minimize some of that exposure.
Let’s take a look at five moves your managers can make to reduce your risk of a lawsuit.
1. Document Everything. This starts with the interview and extends to every aspect of management and supervisory functions. Remember, any document can potentially be used as a piece of evidence in the event of a lawsuit, so managers must be thorough. As an employer, stress the importance of documentation, provide forms and guidelines for managers to follow, and establish procedures for where and how long such documents will be stored, being sure to comply with any requirements set by law. Furthermore, ask your managers to be honest in all aspects of documentation. Many managers, for example, are tempted to gloss over areas of weakness in written performance reviews. While they may be motivated out of kindness toward the employee, they are actually putting their companies at risk in the event such an individual is eventually fired. In all cases, the records must be accurate.
Understand Discrimination and Harassment Laws. There are numerous federal and state laws that offer protection from discrimination based on gender, race, age, religion, disability, ethnic or cultural background, sexual orientation and other factors. Make sure your managers receive anti-discrimination training and know what they can and cannot ask or require of their employees. A simple remark, made casually, could wind up being the basis of a lawsuit. Similarly, your managers need to understand the laws surrounding sexual harassment in the workplace, how to prevent it from occurring, and what steps should be taken if an employee complains of harassment. Even behavior that may be the norm in your organization or corporate culture could be perceived as crossing the line, and may trigger a lawsuit.
3. Follow Appropriate Disciplinary Procedures. If you do not already have such procedures in place, consider developing a progressive discipline policy and direct your managers on how to implement it consistently and fairly. For example, an employee with a performance or behavioral issue will first receive a verbal warning, then a written warning. If the underperformance or behavior persists, the issue will then be elevated to another level of supervision or management intervention. Under no circumstances should a manager fire an employee on his or her own. Even the most egregious infractions should be dealt with according to proper procedures.
4. Understand and Administer Corporate Policy. Every organization should maintain and distribute a print or digital format corporate handbook. The policies outlined in that document are the blueprint to how your organization is run, and the handbook itself can become a legal piece of evidence in the case of a lawsuit where an employee claims that he or she has been treated unfairly.
5. Display Fairness, Approachability, Accountability. These personal attributes will go a long way toward both managing effectively and building goodwill among employees. This is particularly true when an employee has a complaint or issue, or when something goes wrong. No matter how busy a manager may be with other responsibilities, he or she must make time to listen and work with employees who have complaints or problems. Similarly, when mistakes are made, a strong manager will take responsibility for his or her part in the situation when appropriate, rather than deflect blame onto those employees under the manager’s supervision.
Remember, there is no magic formula for perfect management, and no guarantee that your company won’t become the target of an employee lawsuit. But taking time to help your managers cover these bases will go a long way toward protecting your company and your future.
This week, businesses everywhere are re-evaluating their Payroll and HR providers or making the decision to outsource. While technology has made it easier than ever for HR teams to pay their employees, crunching the numbers can still be a laborious task for payroll professionals. Execupay offers you your own personal Payroll team to help you however you need it. Want to look into how to switch to Execupay and evaluate pricing? Head here.
To help you celebrate, we’ve rounded up 10 fun facts about payroll.
Fact 1: National Payroll Week was founded by The American Payroll Association in 1996. It is designed to celebrate the partnership between America’s workers, companies, payroll professionals, and government aid programs such as social security and Medicare. The weeklong event even has its own theme song.
Fact 2: President Roosevelt raised the top tax rate to 79 percent for Americans making over $5 million in 1935, but it only applied to one person at that time—John D. Rockefeller.
Fact 3: The Payday candy bar was invented in 1932. At first, the inventors didn’t know what to call their new creation. It happened to be payday, so one of them suggested they call it a Payday bar—and the rest is history!
Fact 4: The most common pay frequency in the U.S. is biweekly, which is used by 37 percent of private businesses. Surprisingly, weekly beats semimonthly as a runner-up at 32 percent.
Fact 5: 78.2 million workers in the U.S. are hourly employees. This represents nearly 60 percent of all wage and salary workers.
Fact 6: According to ancient “paystubs,” employees in Egypt and Mesopotamia used to be paid in beer and other commodities.
Fact 7: Many employees still receive paper checks, largely because around 20 percent of U.S. households are “unbanked” or “underbanked,” meaning they either don’t own or don’t regularly use a checking or savings account.
Fact 8: The first employee time clock was built by Willard Legrand Bundy and was patented in 1891. At the time, it was dubbed the the “Workman’s Time Recorder.” You can actually view the original patent illustrations here.
Fact 9: In the 1890s, American was deeply divided over whether the nation should support its currency with gold (supporters were known as “gold bugs”) or with gold and silver (“silverites”). This question became a deciding factor in the 1896 presidential election. Ultimately, the gold bugs triumphed with the election of William McKinley.
Fact 10: The President of the United States earns an annual salary of $400,000 during his or her term, and an annual pension of about $200,000 after leaving office.
These are just a few interesting facts about Payroll and it’s history. Make your former Payroll Provider history and switch to us. You can learn more about how Execupay helps build, pay, manage, and retain your team at the link here.
Today, we’re going to take a quick look at one of the most confusing topics in HR and benefits management: holiday pay and time off.
If it’s been awhile since you’ve reviewed your company’s policy regarding time off and holiday pay, you should set aside some time to do so to make sure your policy and practices are up-to-date and in compliance with both federal and state law. In the meantime, here are some quick answers to pressing questions that can help you get started.
Many employers wonder if they’re required to provide time off for a holiday. Although not generally required by federal or state law, many employers choose to grant employees time off for certain holidays or to close the business altogether on those days.
However, keep in mind that companies with 15 or more employees are subject to federal religious discrimination laws, and may need to allow employees time off for religious observance. You should also consult your state’s nondiscrimination laws, because some states provide similar protections for employees of even smaller companies.
Now, let’s look at pay. Again, federal law and most state laws do not require employers to pay employees if time off for holidays is granted. Whether or not employees are paid for holidays is generally a matter of company policy. However, you need to be careful when it comes to exempt employees. As a general rule, if an exempt employee performs any work during a workweek, he or she must be paid the full salary amount.
When an employee works on a holiday, granting extra compensation…above and beyond the regular rate of pay…is generally a matter of company policy. Of course, you must be sure to comply with any specific state law requirements regarding holiday pay. Although some companies pay employees at a special rate, such as time-and-a-half, for holiday shifts, generally an employee is only entitled to his or her regular pay, plus any overtime.
At many companies, the annual office holiday party is a time-honored tradition. Whether it’s big or small, lavish or simple, your holiday party is more than just an end-of-year celebration. It’s a great opportunity to gather your employee for recreation, motivation, team building, and recognition. Indeed, your company party can shape both your reputation and corporate culture–and it doesn’t need to break the bank. With careful planning, you can throw a memorable event even on a limited budget.
Making your company holiday party a success comes down to a few simple steps:
First, plan early and communicate the date and time to your employees. You likely want to avoid the latter half of December, when many employees take unused vacation time or have family plans. Bypassing the end of the month also helps accommodate any sales or reporting deadlines, and may make it easier for out-of-town employees to attend. Be sure to consider the travel requirements of any off-site employees as you’re scheduling. You might also check with relevant managers and department heads to see if they’d like to fold in meetings or training for out-of-area employees to capitalize on their time in the home office. Other things to consider, depending on your budget and wishes, are a day vs. nighttime event, whether you’ll host on- or off-site, and whether your party will be limited to employees only or will include spouses, significant others, or family.
Next, get creative. You need not be confined by the traditional cocktail event or sit-down dinner. Think about hosting your party at a museum, or take a “field trip” to a popular concert or show. Hire a local chef to host a mini cooking class for your team, or engage a stand-up comic to perform during the meal. Alternatively, you might opt for a family event such as a bowling party or a make-your-own pizza outing at a local restaurant. If families are in the mix, have plenty of kid-friendly activities such as crafts, face painting, or cookie decorating on hand. And don’t forget the photo ops, with a dedicated photographer on-site or a photo booth stocked with colorful props. While the possibilities are endless, a simple gathering also works–a team that typically toils at their desks through the lunch hour will appreciate being taken out for a leisurely meal at a nice restaurant.
Third, make time for team building. Having your employees together is a great time to engage in a few fun activities that foster teamwork and bonding. You can divide guests into groups for a short trivia competition; play some party or ice-breaker games; and award small gift cards or other prizes (such as a preferred parking spot) to the winners. Some companies choose to award bonuses or gifts in conjunction with the holiday party, but even without these, the holiday party is an ideal time to recognize your employees and personally thank them for their dedication and hard work.
Also remember to focus on food and fun. Whether it’s formal or casual, make sure your party is one you personally would want to attend. In every case, this means making sure you have enough food and drink, with a variety of options to accommodate dietary restrictions and potential allergies. Depending on your venue, music can also add to your event. If space and budget allow, set up a dance floor and hire a professional DJ to keep the party moving.
Lastly, serve alcohol safely. If you want to minimize the chance of over-consumption, skip the traditional open bar. Instead, provide a limited number of cocktail tickets then move to a cash bar. You can also offer only beer and wine, which have lower alcohol contents. Of course, you should also be sure to offer a nice variety of non-alcoholic drink options, and stop serving alcohol at least an hour before the party ends. Finally, whether the party is at the office or off premises, provide alternative transportation home via a cab or car service to anyone who has had too much to drink to help minimize your liability in the event of an accident.
For any HR questions, head over to our home page and submit an information request!
You may not give much thought to doing your taxes outside of tax season, but some of the expenses you pay during the year might qualify for money-saving tax credits or deductions come tax time. If you organize your tax records now, you’ll make tax filing easier and faster when you do them next year. It also helps reduce the chance that you’ll lose a receipt or statement that you need.
1. Save Business Records
- Gross receipts are the income you receive from your business. You should keep supporting documents that show the amounts and sources of your gross receipts.
- Purchases are the items you buy and resell to customers. Your supporting documents should show the amount paid and that the amount was for purchases.
- Expenses are the costs you incur (other than purchases) to carry on your business. Your supporting documents should show the amount paid and that the amount was for a business expense.
- Assets are the property, such as machinery and furniture, that you own and use in your business. You need records to compute the annual depreciation and the gain or loss when you sell the assets.
Such records may include cash register tapes, bank deposit slips, receipt books, and purchase and sales invoices. These records may also include credit card receipts, sales slips, canceled checks, account statements, and petty cash slips.
2. Keep Employment Tax Records
The following information should be available for IRS review:
- Your employer identification number;
- Amounts and dates of all wage, annuity, and pension payments;
- Amounts of tips reported;
- The fair market value of in-kind wages paid;
- Names, addresses, social security numbers, and occupations of employees and recipients;
- Any employee copies of Form W-2 that were returned to you as undeliverable;
- Dates of employment;
- Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them;
- Copies of employees’ and recipients’ income tax withholding allowance certificates;
- Dates and amounts of tax deposits you made;
- Copies of returns filed;
- Records of allocated tips; and
- Records of fringe benefits provided, including substantiation.
3. Store and Organize Your Records
Business owners should generally keep all employment-related tax records for at least 4 years after the tax is due, or after the tax is paid, whichever is later. The length of time you should keep other documents depends on the action, expense, or event the document records.
The IRS doesn’t require any special method to keep records, but it’s a good idea to keep them organized and in one place. This will make it easier for you to prepare and file a complete and accurate return. You’ll also be better able to respond if there are questions about your tax return after you file.
Business owners should review IRS Publication 583, Starting a Business and Keeping Records. Video and audio files explaining recordkeeping requirements are also available at http://www.irsvideos.gov/.