How Long Can a Workers Comp Claim Stay Open?
Whether you’re a CEO of a large corporation or a business owner of a newly established company, it’s crucial that you know the answer to the question, “how long can a workers’ comp claim stay open?” While some plans allow for claims to stay open indefinitely, it is, in most cases, more beneficial to keep […]
What Is The Average Vacation Time for Small Businesses?
When starting a small business or considering working for one, it is important to consider the average vacation time for small businesses. This average can depend on lots of factors but the most common is years of service. Depending on how long an employee has worked for your business often determines the average vacation time.
Guide to Workers’ Compensation: Louisiana Edition
Workers’ compensation provides wage replacement benefits and medical treatment to employees who endured injuries at work or became ill due to a work-related injury or illness. Workers’ comp also prevents the employer from bearing the cost of injuries. However, every state has its own nuanced workers’ comp laws. To learn about the laws in Louisiana, […]
Are Employee Benefits Really Necessary
Are employee benefits really necessary? The experts at Canal HR believe they are crucial for numerous reasons. Employee benefits help find and retain top talent, engage employees to participate in wellness programs, and can improve your company’s bottom line. To learn more about why the answer to are employee benefits really necessary should always be […]
When is Workers Comp Required
If you’ve ever asked yourself, “when is workers comp required,” look no further than our guide. In many cases, workers’ compensation insurance is required by law. However, requirements vary by state, industry, and employer size, so check your state laws. At Canal HR, we develop a managed care program for our clients that includes plans […]
Can Employee Benefits be Taken Away?
Answering the question of can employee benefits can be taken away can be complicated, mainly because while they can be taken away, an employer must take steps before doing so. In addition, a few laws and regulations regulate how an employer can remove benefits. To learn more, keep reading. Benefits Protected by Law Before understanding […]
Essential Employee Benefits for Small Business
Employee benefits make any business successful. The more cared for employees feel, the better their performance will be. Company culture and morale will be positively off the charts. When starting a small business, choosing which employee benefits are necessary and when to begin providing them may be challenging. Canal HR will help you figure out […]
How Do 401k Contributions Work for Employees?
The American financial system can seem like a knot. How do 401k contributions work? This simple question can lead employees and employers alike down a rabbit hole regarding retirement plan contributions, federal and state income tax, and more. Luckily, we’ve unraveled this mess for you, and we are here to supply you with the basics […]
Q1 Planning With Canal HR
Your business will encounter challenges and opportunities. Take advantage of the new year and maximize your organization’s potential. Canal HR’s dedicated team of experienced professionals is here to ensure that you start the new year off right. Read on to learn how your business can get a head start on the coming financial year with […]
How to Effectively Run Performance Reviews Part 2
To read part one, click here Tips for Administering Performance Reviews Now that you’ve successfully identified the role you would like the performance review to take within your company, you can start fine-tuning the review process itself. Above all else, management should remain mindful that no two reviews should ever be the same: each individual […]
How to Effectively Run Performance Reviews Part 1
Feedback is essential. It allows your employees to assess their performance and act upon that assessment. Conversely, poor or absent feedback creates a negative working environment for your employees. This negative work environment manifests unclear expectations, ineffective communication, and general inefficiencies in the workplace. The most efficient and helpful way to implement a healthy work […]
How to Determine Your After-Tax 401k Contribution
Do you want to save more for retirement but have already maxed out your 401k? If your employer allows after-tax contributions, you can save beyond the pre-tax limits pre-tax and increase your contributions tax-free. While this strategy isn’t for everyone, understanding the basics can help determine if it’s right for you. What is an After-Tax […]
