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News

2022 COVID-19 Supplemental Paid Sick Leave Law

With the COVID-19 pandemic came many changes that have affected our personal and professional lives. Many companies have changed their working policies, allowing employees to work remotely, whether fully or partially. States and counties have also adjusted laws to accommodate the current trends. California is one state that has reviewed its sick days’ policy to give employees more allowance to recover. The New Labor Code Section 248.6 under California’s 2022 CPSL law will allow employers with a staff strength of more than 26 to embark on sick leave for COVID-19 related issues between January 1 and September 30. Employees can

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Benefits

10 Things Your Employees Actually Need

Small business owners are finding it challenging to hire personnel. With a record number of team members leaving throughout the United States, it’s more critical than ever to recruit the best applicants and offer them a reason to remain. One-third of 2,000 small business employees polled by Homebase said they want to hunt for a new job in the coming year or two. The good news is that they also revealed their top ten priorities in the hunt. Keep these in mind as you attract great talent and engage your team. Your company’s management Today’s job searchers appreciate an excellent

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Benefits

What Are the 2022 Benefit Plan Limits and Thresholds?

The IRS recently announced that the amount people can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for last year. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2022 tax year in Notice 2021-61 PDF, posted on IRS.gov. Below are some comprehensive charts to help you better understand these changes. 401(k) Plan Limits Defined Contribution Plans 2022 2021 Change Maximum employee elective deferral (age 49 or younger) $20,500 $19,500 +$1,000 Employee catch-up contribution (age 50 or older by year-end) $6,500 $6,500

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HR Management

5 Ways Your Business Can Reflect its Diversity Online

Many companies are becoming aware of how painfully little internal diversity they have within their walls. That is why it’s more important than ever for businesses that exemplify diversity to reflect it in their online communications. We’ll show you five ways to signal to your customers that you value different cultures and backgrounds. Remember that Diversity Starts Internally If you’re going to run advertisements that feature Black or Latinx people, then you should have them behind the camera, too. That means you should have people of color (POC) in your company or at least in the capacity of consultants when

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Benefits

What is The Mega Backdoor Roth IRA?

Saving money for retirement is something every person in the current workforce should consider. After all, having a retirement fund can be the difference between living comfortably and struggling to get by. An IRA, 401k, and other accounts can help you put money aside for your golden years. However, what if your situation is unique? Optimizing retirement funds and catching up on savings are common desires for people looking to achieve financial security. Let’s look at how a Mega Backdoor Roth IRA can impact your situation. Explaining a Traditional, Roth, and 401k Account Before we get too involved with the

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