Share to Twitter Share to Linkedin Companies dedicate a substantial amount of resources to employee benefits so they can attract and retain quality workers. Over half of employers offer some type of employee-funded retirement plan, health benefits and/or access to life insurance to their employees. However, even with these financial benefits, most employers are still missing a major piece of the puzzle when it comes to promoting the financial well-being of their employees: financial education. While financial education has always been important, the pandemic and the great resignation propelled the need for financial literacy and wellness. According to TIAA’s 2022 Financial Wellness Survey , Americans define financial wellness as ‘simply feeling comfortable with their financial situation. Over 50% believe wellness is defined as having the means to take care of family, not worrying about money or debt and feeling protected financially from life’s unexpected … [Read more...] about Should Employers Provide Financial Education? Only If They Want Healthier And More Productive Employees.
Employee health benefits
Share to Twitter Share to Linkedin Jean Serra, Founder/Partner at V2 Communications . Recent global surveys of employees, including the annual Gallup State of the Global Workplace: 2022 Report, point to continued dissatisfaction and lack of engagement at work. These are likely contributing reasons for the “great resignation” and the emerging “quiet quitting” phenomenon in the workplace. While various factors shape a strong or weak employer brand and employee satisfaction (e.g., salary, benefits, remote work policies), communications is a critical yet often overlooked piece of the strategy . USA Today reports that 4 in 5 Americans are stressed out from poor office communication and “17% of employees would recommend firing their CEO based on how the company communicates to its employees.” A tight labor market, the “great resignation” and resulting talent wars of the last two years have made employer branding a primary business objective for … [Read more...] about Communication: The Key To Improving Employee Satisfaction And Engagement
Share to Twitter Share to Linkedin Anne Krog Iversen is the Co-founder, Chief DNA & Culture Officer at TimeXtender . World Mental Health Day is October 10, 2022. This day is dedicated to raising awareness about mental health throughout global circles. Here in the U.S., one out of every five American adults has experienced a mental health issue. Despite this, some people still wonder if providing a mental health program is an action that a company should take. My answer is unambiguous: How can a company not be involved in sponsoring mental-health awareness at work? As leaders in the corporate world, we have a responsibility to help remove the stigma of mental health and support employees in need. Mental health issues in the workplace can lead to lower productivity and absenteeism . And we haven't even mentioned the impact that the pandemic has had on people. Employees are the heart and soul of an organization; they’re our colleagues, … [Read more...] about Making Mental Health Awareness A Top Priority In Business
Share to Twitter Share to Linkedin For a new entrepreneur or owner of a small business, leading their fledgling company and any employees they start out with to success can be a lonely venture. They may be surrounded by others all day long, but in their communications with employees, clients, investors, partners and vendors, many entrepreneurs are uncomfortable expressing fear, doubt or anything less than self-assured optimism. To be able to let their guard down and freely share struggles and frustrations, and even moments of joy and clarity, there are helpful things leaders of small businesses can do to beat the feelings of isolation that so often plague people in their position. Below, members of Forbes Coaches Council share effective ways for small-business owners, entrepreneurs and solopreneurs to combat the loneliness so many leaders face. 1. Volunteer To Share Your Leadership Experience As a solopreneur, you are on a journey with yourself. … [Read more...] about 16 Effective Ways To Combat Entrepreneurial Loneliness
Share to Twitter Share to Linkedin A former accountant turned cofounder and CEO, Mike Whitmire is the leader of pre-IPO fintech company FloQast . Over the past several months, experts have debated whether the U.S. economy has entered a recession. While not every CFO is convinced—about 68% of CFO respondents to a CNBC survey believe a recession will occur within the next year—many small businesses are already experiencing the reality of a recession . Either way, it’s clear that the economy is in a turbulent state and you can expect significant shifts in the future. One of these shifts is an increase in public to private capital transactions, specifically, mergers and acquisitions. Historically, M&As have grown in challenging market environments while public offerings, like IPOs, become less attractive. This is typically because IPOs are seen as a financing event that recapitalizes the company, while a company sale is a liquidity event. … [Read more...] about Making Accounting Teams Your Secret Weapon In The Time Of Mergers And Acquisitions
Share to Twitter Share to Linkedin Khalid Parekh is the Founder & CEO of AMSYS. He launched FAIR bank in 2021 to provide cutting-edge financial services to all Americans. Business leaders spend their professional lives identifying a corporate vision and then molding and motivating “their people” to achieve it. That vision has to be largely focused on achieving and maintaining profitability. Otherwise, no more company and no more job, right? But achieving profitability is really not where corporate vision and responsibility should end. After all, as members of civil society who have thrived thanks largely to those who came before us and built our prosperous economy and society, I believe we have a moral responsibility to give back. Otherwise, future generations might not prosper as we have. And those future generations include our kids and our grandkids. These types of “giving back” business efforts are often referred to as “corporate … [Read more...] about Reasserting The Case For Corporate Philanthropy—Even In Trying Times
Share to Twitter Share to Linkedin As your income grows from your small business, it can be shocking how large your tax liabilities can be each year. From State and Federal income taxes to self-employment taxes, your tax bills can be painfully large. Tax planning is an essential part of running a successful business. Keep reading for ways to minimize your small business taxes each year. The larger your business income, the more valuable proactive tax planning can be. Most small businesses will need to utilize a number of the following tax-planning strategies. 1. Look for Ways to Reduce Your Adjusted Gross Income I am stating the obvious here, but the first step in tax planning for your business is to look for ways to reduce your Adjusted Gross Income (AGI). I can’t tell you how often I have reviewed tax returns for high-income business owners who took practically no tax deductions against their incomes. A lower AGI can keep your income in lower … [Read more...] about 14 TAX-PLANNING STRATEGIES TO CUT YOUR BUSINESS TAXES