Best Employee Benefits for Small Businesses
Benefits are routinely one of the most cited reasons for staying at a company. While salary is also a critical factor, benefits can often sway employees more than small changes in their salary. As a result, reviewing your benefit offerings and finding creative ways to offer more to your employees can help attract and retain top talent in your field.
Why Offer Employee Benefits?
Employee benefits are no longer just a perk or an added bonus to employees, but has become a strategic necessity. Prospective employees are no longer just looking at the salary offer but are evaluating the benefits and how they contribute or take away from the company, highly influencing their response to the job offer. Companies […]
Cybersecurity Tips for Small Businesses
With the rise of the internet, having near-immediate access to information has never been easier. Nowadays, most businesses rely on digital technology in order to work as efficiently as possible, and this is especially important for small businesses. However, the internet isn’t always used as a tool for good; it can also pose risks to […]
5 Essentials for Workplace Mental Health and Wellbeing
Awareness of the importance of mental health continues to grow. The corporate world is no exception; businesses seek to develop programs that foster their employees’ well-being by providing a healthy, positive work environment. If you are looking for ways to support your company’s health, here are 5 essentials for workplace mental health and wellbeing. 1. […]
Hurricane Safety Tips Before During and After
The American South is known for many things, including delicious cuisine, vibrant music, and local hospitality. However, another quintessential part of Southern life is the risk of hurricanes. If you are seeking ways to protect your company from storms, Canal HR is here to provide hurricane safety tips before during and after storms, guaranteeing your […]
What are the Safety Precautions for a Hurricane?
For those living in the South, inclement weather—especially hurricanes—can pose a risk to locals. Louisiana is particularly at risk. Given the state’s proximity to the Gulf of Mexico and the Atlantic Ocean, those who call Louisiana home must be prepared for tropical storms’ impact from June to November. If you are a business owner, you […]
Mastering Payroll Compliance Amid New Overtime Pay Law with Canal HR
As the landscape of labor laws continues to evolve and shift, the latest update to federal overtime rules stands out as a significant change for businesses nationwide. Effective July 1, 2024, the Department of Labor’s new overtime pay law will increase the salary thresholds that determine overtime eligibility for salaried workers. This update is aimed […]
Direct Deposit Diversion Fraud: Protecting Your Business from a Growing Threat
In today’s digital landscape, businesses are increasingly relying on electronic transactions for payroll management. While this offers convenience and efficiency, it also exposes businesses to new vulnerabilities, particularly in the form of direct deposit diversion fraud. This sophisticated scam targets employee payroll funds, with fraudsters contacting payroll departments, impersonating employees, and altering direct deposit information […]
Streamlined Business Solutions with Canal HR
Efficiency and cost-effectiveness are crucial to staying ahead in the competitive business landscape of today. One effective way to achieve this is by outsourcing human resources functions to specialized firms like Canal HR. Our team of professionals are experts in various business processes, enabling companies to focus on their core operations. From payroll to compliance […]
How Much Are Employee Benefits Worth: Employer vs. Employee Breakdown
In today’s competitive job market, the value of employee benefits cannot be overstated. Employers and employees often view benefits differently, but they are significant determinants for employees. In fact, benefits are the top concern for many employees in the job market. From health insurance to retirement plans, the range and quality of benefits a company […]
What is 401k Limit for 2024
When it comes to retirement, understanding the intricacies of 401k plans and their annual adjustments is crucial. If you’ve asked yourself, “What is the 401k limit for 2024?” Canal HR has you covered. Staying informed about these limits ensures legal compliance and optimizes your retirement benefits. Keep reading to dive into the 401k contribution limits […]
Short Term vs Long Term Disability Insurance
Disability insurance protects against lost income due to disability. Though individuals can purchase individual disability insurance, most people with disability insurance receive coverage through their jobs. Insurers for private institutions divide programs into two categories, short-term vs. long-term disability insurance. Their differences are complicated. Keep reading to understand short-term vs. long-term disability insurance for private […]
