Employers across the US must stay updated on minimum wage increases in 2022. To maintain compliance and avoid back payments, penalties, and potential lawsuits, employers must meet all applicable state minimum wage or local minimum wage requirements as soon as the wage rate becomes effective. In many cases, a higher minimum wage will be required in the new year. MP’s HR and payroll experts share four essential considerations employers must know about minimum wage rates and minimum wage law in 2022. Read the article to:
• Find out why employers should consider raising their wages, even if a higher state minimum wage doesn’t impact them in 2022
• Learn which states are raising the minimum wage in 2022 (and by how much)
• Outline the upcoming increases and deadlines in the federal minimum wage
• Discover what remote employers may need to consider regarding when a higher minimum wage applies
• Get detailed information on why wages are rising in 2022 across the US—and will continue to rise in 2023
Archives for December 2021
ERC: Top 3 Misunderstandings, Explained
Employers across every industry are claiming Employee Retention Tax Credits (ERC) for hundreds of thousands– even millions– of dollars. While this program will significantly aid employers, it’s also confusing and technical. Businesses must follow the IRS’s complex process to claim their tax credit. They must also ensure full compliance to avoid future audits. MP’s HR and payroll experts address the three most common points of confusion about this highly beneficial program. Read the article to:
• Find out how PPP loans impact ERC claims
• Uncover key timeframes and deadlines for claiming an ERC
• Learn whether an organization must be financially impacted by the pandemic to be ERC eligible
• Discover lesser-known eligibility criteria for the ERC
Preventing Employee Turnover: Top 12 Questions and Answers
Preventing employee turnover is a high priority for all employers right now. Many workplaces have questions about the optimal strategies to lower turnover rate, handle disengaged employees, and hire and recruit in 2022. MP’s HR services team shares answers to the top questions about reducing employee turnover. Use this tool to:
• Learn proven strategies for keeping remote workers engaged
• Find out what to do if an employee is unhappy and impacting other teammates
• Uncover the best benefits to offer for remote employees
• Discover whether you should provide counteroffers
4 Cost-effective Ways to Reduce Employee Turnover Now
Reducing employee turnover is one of the biggest challenges for organizations right now. Per a recent survey, 40% of workers planned to look for a new job in 2021. This year and into 2022, employers across all industries should prioritize preventing employee turnover. MP’s recruiting experts share cost-effective strategies to reduce employee turnover, especially in 2021 and 2022. Read the article to:
• Discover four proven tactics for a lower turnover rate
• Learn low-cost methods for preventing employee turnover
• Uncover how to improve employee engagement in every meeting
• Find out why offering flexibility and autonomy will help retain working parents in 2021
Read the article.
Is Your Team Using this Key Employee Retention Tactic?
Employers across all industries are feeling the pain of employee retention challenges and the difficulties of recruiting in 2021. One of the most impactful and cost-effective employee retention strategies is utilizing stay interviews. MP’s HR services team shares tips to successfully implement this proven tactic for staff retention. Read the article to:
• Find out three best practices for stay interviews
• Discover why some companies should not conduct stay interviews
• Learn how to build trust with employees during stay interviews
• Uncover what to do with employee feedback
Recruiting in 2022: 7 Employee Benefits to Attract Remote Workers
Most employers are supervising remote employees in 2022. They’re also encountering challenges unique to remote hiring. The best way to recruit employees (particularly remote employees) in 2022’s competitive job market is to offer an attractive benefits package. MP’s recruiting services experts share how to develop a competitive benefits package for recruiting in 2022. Read the article to:
• Learn six benefits that will stand out to remote candidates
• Uncover how to offer paid parental leave and maintain HR compliance
• Find out the health benefits that will appeal to remote candidates
• Discover cost-effective trends in financial benefits
Read the article