What are the Tax Rates of 2024: Louisiana Edition
If you’re an employee in a Louisiana company, you’ve wondered what’s up with the taxes exiting your paycheck. You might have noticed that your own company doesn’t administer payroll. What is a PEO, and what are the tax rates of 2024? How a Co-Employer Like Canal HR Helps Companies The PEO saves the company money. […]
Is Workers’ Compensation Reported on W2?
Workers’ compensation is a critical aspect of the employment landscape, providing financial protection for employees who suffer work-related injuries or illnesses. While workers’ compensation benefits are an essential safety net for employees, they are not typically reported on the employee’s W2 form. Understanding the W2 Form Before we delve into the specifics of workers’ compensation […]
Why is My 401k Not Growing
Many people have realized that they can not just retire on Social Security, especially if they plan on retiring from their jobs a little early. Because of this, you may be looking at your retirement savings and asking yourself, “Why is my 401k not growing?” Having a robust 401k plan can help you be ready […]
Using PTO for Holidays: The Benefits and Drawbacks
Paid time off, commonly referred to as PTO, is one of the most important employee benefits included in a thriving workplace environment. While using PTO for holidays and vacation days offers employees a chance to relax, recharge, and spend quality time with their loved ones, its advantages arrive with a specific set of challenges you […]
How to Track Remote Work Productivity
Since the pandemic hit, the workplace has taken on a new landscape, which can sometimes include a home office. If you have switched to any online or hybrid workspace, you have probably asked yourself how to track remote work productivity. This is vital to many companies to work better with underperforming individuals and reward those […]
HR Glossary: Your Guide to All Terms Human Resources
Every day, the domain of Human Resources is constantly evolving to accommodate new practices, contemporary phenomena, and functional intricacies. With seemingly endless words, phrases, acronyms, and concepts to stay up-to-date on, this comprehensive HR glossary is designed to help offer clear, accessible definitions to seasoned professionals and HR novices alike. Your Comprehensive HR Glossary Below, […]
Employee Vacation Benefits: Explained
It’s no secret that when employees begin to thrive, so do the organizations they serve. Providing employees with opportunities to take paid leave from their responsibilities may seem counterintuitive to productivity initially, but abundant research paints quite a different picture—showing that vacation time increases workplace resilience, motivation, and overall growth. Employee vacation benefits mark a […]
How to Explain PTO to Employees
Learning how to explain PTO to employees is a top priority in managing any healthy workplace environment. Paid time off, commonly referred to as PTO, is a pillar of any competitive and comprehensive employee benefits package. PTO acts as an umbrella term for all the personal days an employee is allowed to take off work […]
The Consequences of Not Having Life Insurance
What is Life Insurance? Life insurance is an agreement between the policyholder and an insurer, where the insurer agrees to pay a selected beneficiary a sum of money upon the policyholder’s death. However, terminal or critical illnesses can also be eligible for disbursement. While the immediate protective benefit is understood, its significance’s breadth and depth […]
How Does Paid Time Off Work?
Paid Time Off (PTO) is an important benefit many employers provide their employees. It allows employees to take time off while still receiving regular pay. PTO policies vary between organizations, but the concept remains the same: employees are entitled to a certain number of days off with pay for personal reasons, such as vacations, illness, […]
What Are My Employee Benefits Packages
When it comes to employee benefits, there is a lot of confusion. What are employee benefits and the different kinds out there? What types of packages are the most common? How do you know if you are getting the best package for you and your organization? Here we will answer all of these questions and […]
Can You Offer Employees Different Benefits?
For business leaders creating a benefits package, the question, “Can you offer employees different benefits?” often arises. You can offer employees different benefits. Federal law does not require employees to have the same coverage. However, you risk serious complications when you decide to offer employees different benefits. Essential benefits such as health insurance are under […]
