There is a lot of discussion currently as to whether performance evaluations are still relevant in the workplace. Critics of traditional performance evaluation systems say they tend to focus on the past, are corrective in nature and some employees find them demotivating. In addition, critics contend, most performance evaluations tend to be subjective because it involves people making judgments and/or rating other people. As a result, employees are rated on how they are perceived by others.
Keep in mind, the purpose of performance evaluations is to help the business to achieve its goals. An effective performance evaluation system will help the organization achieve its goals, realize individual growth, reinforce the organization's values and retain critical skills to remain competitive.
If you are a small business (less than 50 full-time employees or full-time equivalents) and have tried to do the right thing by reimbursing employees for individual health insurance policies, paying a stipend or pay their health costs directly in lieu of providing health insurance, think again.
According to the Internal Revenue Service regulation, Section 4980D, these types of arrangements are considered employer payment plans which do not satisfy the market reforms under the Affordable Care Act (ACA). As a result, you could end up paying $100/day excise tax per applicable employee ($36,500 per employee, per year).
I have been in the human resources field for over 25 years and I have learned one thing...you cannot plan for everything. One of those things you cannot plan for is an accident or injury. And, unfortunately, we do have accidents, myself included.
After multiple surgeries on my leg and ankle resulting from a break that went wrong, I realized I am human. I also realized I needed disability insurance for myself and my staff, because during my career I have seen many employees diagnosed with conditions which will physically restrict them from performing their duties.
While I am not an insurance agent, I can tell you that I believe disability insurance is very important protection for both parties in an employment relationship. First, employers should offer disability insurance to protect their employees when that inevitable accident occurs. Second, if the employer offers disability insurance, the employees should take advantage of it for the very same reason.
I found an article online that emphasizes statistically why we need to have disability insurance. Below is the article reprinted. I hope you enjoy it.
Panicked calls and emails are coming in to Creative Business Solutions regarding the new overtime rule proposed by the Obama administration. Bottom line: is it good or bad? the answer depends on your company's numbers. How many in your employee base are in an exempt (salaried) status? How many are making less than $50,400 per year? Once you see these numbers, and calculate the probability of additional overtime compensation you will be providing, you may have a positive or negative opinion of this proposed rule. Below are two links with more information: