Is This Your Situation: Overwhelmed by Hiring and Recruitment

To get started simplifying your hiring and recruitment chores, use technology to target the right people: Create a recruitment strategy that starts with understanding project needs and company goals. Identify the critical roles needed, and create a profile for candidates who will succeed in the open positions. Target the audience with job ads. You may want to use an applicant tracking system (ATS). Take technology a step further by allowing top talent to apply for a job via mobile devices. Nine in 10 job seekers search for jobs through their mobile devices, and 78 percent say they'd apply to jobs via mobile devices if the process were that simple. Use technology to market open positions to potential candidates and create a positive impression of your organization. Streamline recruitment: Take the simplified experience of hiring via technology to recruitment managers throughout the interviewing and background-checking process. Use an ATS to create…read more...

How Do Taxes Work With Bonuses?

Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. However, both owners and employees often misunderstand how taxes work with bonuses, leading to confusion and frustration. Fortunately, with some education and preparation, the situation can work out for everyone. In brief, bonuses are income and are subject to relevant federal and state taxes — including FICA. Businesses must enter any bonuses on their employees' Form W-2s. However, when it comes to federal income taxes, the withholding is different from the regular paycheck. The IRS allows two withholding methods. If the bonus is separate from the regular paycheck, an employer will typically use the percentage method, which means the 22% rate applies to everyone. This is an easy system for the employer. However, employees who are…read more...