Employee retention

Paychex Expands Paycheck Protection Program Solutions with Support for Employee Retention Credits

Retrieved on: 
Monday, March 8, 2021
Paycheck Protection Program, Paychex, Economy, Paycheck, Employee retention, Employee benefits, Articles

However, under the provisions of the Consolidated Appropriations Act, 2021, the Employee Retention Tax Credit can now be used in combination with a Paycheck Protection Program (PPP) loan.

Key Points: 
  • However, under the provisions of the Consolidated Appropriations Act, 2021, the Employee Retention Tax Credit can now be used in combination with a Paycheck Protection Program (PPP) loan.
  • To help maximize the benefits of available stimulus options, Paychex, Inc. , the HR software and services company that provides the power of simplicity for increasingly complex workplaces, has expanded Paycheck Protection Program support in Paychex Flex.
  • Paychex Flex is the first HR software solution to introduce integrated tools to help businesses maximize tax credits without impacting PPP forgiveness.
  • In the application, employers can easily navigate the complexities of the Paycheck Protection Program and Employee Retention Tax Credit changes concurrently.

Profitopia Helps Businesses Impacted by the Covid-19 Shutdowns Secure Thousands of Dollars with the New 2021 Employee Retention Credit

Retrieved on: 
Wednesday, March 3, 2021
CARES Act, Presidency of Donald Trump, Employee retention, Tax withholding, Economy, Articles, Human activities

Buried in the bill is a great financial relief package for U.S. small businesses hit by the Covid-19 shutdown the 2021 CARES Act Employee Retention Tax Credits (ERC).

Key Points: 
  • Buried in the bill is a great financial relief package for U.S. small businesses hit by the Covid-19 shutdown the 2021 CARES Act Employee Retention Tax Credits (ERC).
  • The 2021 CARES Act ERC provides small businesses including restaurants, hotels, gyms and salons with payments up to 70% or $14,000 of an employee's wages for retaining employees through June 30, 2021.
  • To be eligible for the 2021 Employee Retention Tax Credit, employers have to demonstrate that they incurred at least a 20% decline in gross receipts compared to 2020.
  • Profitopia's accountants are experts in the 2021 CARES act Employee Retention Tax Credits.

Profitopia Helps Non-Profit Organizations, Churches and Charter Schools Secure Thousands of Dollars with the New 2021 Employee Retention Credit

Retrieved on: 
Tuesday, March 2, 2021
Articles, Economy, Labor, CARES Act, Presidency of Donald Trump, Tax withholding, Employee retention, Nonprofit organization, Paycheck Protection Program

Buried in the bill is a great financial relief package for U.S. small businesses, non-profit organizations, churches and schools the 2021 CARES Act Employee Retention Tax Credits (ERC).

Key Points: 
  • Buried in the bill is a great financial relief package for U.S. small businesses, non-profit organizations, churches and schools the 2021 CARES Act Employee Retention Tax Credits (ERC).
  • The 2021 CARES Act ERC provides small businesses and non-profit organizations payments up to 70% or $14,000 of an employee's wages for retaining employees through June 30, 2021.
  • To be eligible for the 2021 Employee Retention Tax Credit, employers have to demonstrate that they incurred at least a 20% decline in gross receipts compared to 2020.
  • Small businesses, non-profit organizations, churches and schools up to 500 employees are eligible.

Profitopia Helps Small Businesses Secure Thousands of Dollars with the New 2021 Employee Retention Credit

Retrieved on: 
Friday, February 26, 2021
Articles, Business, Economy, Employers, CARES Act, Presidency of Donald Trump, Employee retention, Tax withholding, ERC, Small business, Paycheck Protection Program

Buried in the bill is a great financial relief package for U.S. small businesses the 2021 CARES Act Employee Retention Tax Credits (ERC).

Key Points: 
  • Buried in the bill is a great financial relief package for U.S. small businesses the 2021 CARES Act Employee Retention Tax Credits (ERC).
  • The 2021 CARES Act ERC provides small businesses and organizations payments up to 70% or $14,000 of an employee's wages for retaining employees through the first half of 2021.
  • To be eligible for the 2021 Employee Retention Tax Credit, employers have to demonstrate that they incurred at least a 20% decline in gross receipts compared to 2020.
  • To assist small businesses navigate through the complex ERC Act, the national accounting firm, Profitopia, is providing free consultations to small businesses and organizations to help them determine if they are eligible for the program.

ClearCompany and PrismHR Announce Partnership to Improve Employee Engagement and Retention

Retrieved on: 
Tuesday, February 23, 2021
Human resource management, Labor, Articles, Employee relations, Employment, Workplace, Industrial and organizational psychology, Employee engagement, Organizational behavior, Employee retention, Performance management, 360-degree feedback

PrismHR service providers can now access ClearCompany's Performance Management and Employee Engagement suites through PrismHR Marketplace to deliver a modern approach to employee retention, feedback, and development to their small-business clients.

Key Points: 
  • PrismHR service providers can now access ClearCompany's Performance Management and Employee Engagement suites through PrismHR Marketplace to deliver a modern approach to employee retention, feedback, and development to their small-business clients.
  • ClearCompany and PrismHR will be linked through a bidirectional integration and single sign-on, allowing the systems to work together.
  • ClearCompany Employee Engagement Surveys help HR practitioners measure employee engagement and provide an outlet for real-time and anonymous employee feedback.
  • "Performance management and employee engagement are two of the most critical tools a business can use to improve employee retention and workforce development," said Jonathan Wall, Vice President of Strategic Partnerships at PrismHR.

Appriss® Insights highlights value of employee-centric approach to criminal monitoring in new resource

Retrieved on: 
Tuesday, February 2, 2021
Articles, Privacy, Identity documents, Personal life, Anonymity, Data security, Personal data, Employee retention, Continuous monitoring

Forward-thinking employers are also exploring how robust criminal monitoring programs can encourage fair chance hiring practices and improve employee retention rates.

Key Points: 
  • Forward-thinking employers are also exploring how robust criminal monitoring programs can encourage fair chance hiring practices and improve employee retention rates.
  • The resource highlights five CRAs continuous monitoring solutions that are improved by incarceration data that is timely, detailed, and rich in personally identifiable information (PII).
  • To learn more about Appriss Insights' expertise in continuous monitoring, visit their solutions page and company blog .
  • Appriss Insights provides the nations most comprehensive source of criminal justice data for risk prevention.

Talent Acquisition Software Implementation Can Reduce Turnover by Up to 60 Percent

Retrieved on: 
Friday, January 29, 2021
Professional services, Data management, Technology, Human resources, Software, Finance, Consulting, Human resource management, Articles, Industrial and organizational psychology, Labor, Work, Turnover, Onboarding, Telecommuting, Automation, Employee retention

According to a recent report from Nucleus Research , organizations can reduce average employee turnover by 30 to 60 percent in industries with high turnover such as retail, and 20 percent among organizations with salaried workers.

Key Points: 
  • According to a recent report from Nucleus Research , organizations can reduce average employee turnover by 30 to 60 percent in industries with high turnover such as retail, and 20 percent among organizations with salaried workers.
  • On average, organizations spend more than 30 percent of an employees salary per turnover based on the position.
  • Turnover also presents a domino effect that leads to costs associated with vacant positions.
  • Leveraging automated onboarding capabilities allows organizations to reduce the average time onboarding by more than 60 percent and yield new employee productivity gains of 3 to 11 percent.

Anacle Achieves Record Profit Before Tax of 491% in 1H FY2020, Turnaround Driven by Increased Investment in Smart Tech by Singapore's Public Sector

Retrieved on: 
Friday, January 29, 2021
Articles, Economy, Business, Offshoring, International business, Telecommuting, Business-to-business, International trade, Outsourcing, Software, Costs in English law, Employee retention

- Gross profit rose 28.5% arising from manpower related costs as challenges in employee retention have driven up both staff remuneration and outsourcing costs.

Key Points: 
  • - Gross profit rose 28.5% arising from manpower related costs as challenges in employee retention have driven up both staff remuneration and outsourcing costs.
  • The turnaround to profit from a loss a year ago was supported by an increase in client base and the growth in investment on smart technology by the public sector in Singapore.
  • This was boosted by the Group's software solution Simplicity, which saw a 54.8% or S$3.07 million in-crease in revenue.
  • Besides researching, designing, developing and implementing software and hardware solutions, Anacle also provides updates, maintenance and after-sales support to its clients.

Pfizer, Cardinal Health, Merck, Lockheed Martin, and Best Buy Lead the Fortune 100 in Employee Retention

Retrieved on: 
Thursday, January 14, 2021
Professional services, Data management, Technology, Other Professional Services, Human resources, Software, Human resource management, Labor, Employment, Employee relations, Human activities, Employee retention, Retention rate, Telecommuting, Retention

Three organizations Merck, Lockheed Martin, and Best Buy have made the list for a second consecutive year.

Key Points: 
  • Three organizations Merck, Lockheed Martin, and Best Buy have made the list for a second consecutive year.
  • The employee volatility benchmark across the Fortune 100 is up 8% on average over last year, said Jim Burke, Workforce Logiqs CEO.
  • The Working Best Awards program is the only AI-driven, data-based ranking for employee retention.
  • Companies with low TRR ScoresSM are predicted to have the highest employee retention rates or lowest employee churn.

ADP DataCloud Adds New AI Features to Target Pay Equity Gaps, Bolster Employee Retention

Retrieved on: 
Wednesday, December 16, 2020
Payroll, ADP, Roseland, New Jersey, Employee retention, Economy

Announced today, the solution's new features address some of the biggest challenges that businesses face today, including shifting economic policy, employee retention and the pay equity gap.

Key Points: 
  • Announced today, the solution's new features address some of the biggest challenges that businesses face today, including shifting economic policy, employee retention and the pay equity gap.
  • The newest features illustrate the ways ADP DataCloud has evolved to take on some of the most complex issues facing business leaders globally.
  • ADP DataCloud will continue to roll out new features in the next year to help companies get valuable insights to drive an inclusive work environment.
  • Now, ADP DataCloud can calculate the company's potential retention rate and cost savings if it made certain adjustments, such as increasing compensation.