A secure, comfortable retirement is every worker's dream. Nowadays workers are living longer, healthier lives. Your employees can expect to spend more time in retirement than their parents and grandparents. It is important that their earnings are posted correctly on their Social Security record, as it will affect their benefits when they retire.
By law, employers must withhold Social Security taxes from a worker’s paycheck. While usually referred to on an employee’s pay statement as “Social Security taxes,” sometimes the deduction is labeled as “FICA,” which stands for Federal Insurance Contributions Act,...
It's a common assumption that most organizations don’t do succession planning. Often the reasons include the high level of administration involved with succession planning and the difficulty in identifying and developing talent. It’s hard enough to figure out what the business world will look like in three years, much less what the organization’s talent needs will be.
However, succession planning is still important. During SHRM’s “Succession Planning: Preparing for Future Talent Needs” seminar, Mike Deblieux SHRM-SCP suggested that organizations tell their succession planning story.
Organizations put a tremendous emphasis on...
Today's global economy evolves at breakneck speed, with technology, consumer trends and generational shifts constantly reshaping the business landscape. The labor force is changing, too, and has now reached a tipping point in terms of what employees expect from work, according to HR experts Jeanne C. Meister, founding partner of the consulting firm Future Workplace LLC in New York City, and Kevin L. Mulcahy, a business professor at Babson College in Babson Park, Mass.