May 27

SBA Releases New Guidance on PPP Loan Forgiveness

Reading Time: 3 minutes   On Friday, May 22nd, the U.S. Small Business Administration (SBA) released guidance on the Paycheck Protection Program loan forgiveness. The 26-page Interim Final Rule (IFR) provides some clarity concerning loan forgiveness requirements and is intended to help Paycheck Protection Program borrowers prepare and submit loan forgiveness applications as provided for in the CARES Act..

March 26

Home vs. Away: The Company Retreat Conundrum

Reading Time: 2 minutes     When a business decides to hold a retreat for its employees, the first question to be answered usually isn’t “What’s our agenda?” or “Whom should we invite as a guest speaker?” Rather, the first item on the table is, “Where should we have it?”   Many employees, and some business owners, might assume.

March 20

Getting Your Money’s Worth Out of a Company Retreat

Reading Time: 2 minutes   Company retreats can cost enormous amounts of time and money. Are they worth it? Sometimes. Large-scale get-togethers can involve considerable out-of-pocket costs. And if the retreat is poorly planned or executed, participants’ wasted time is the biggest expense.   But a properly budgeted, planned and executed retreat can be hugely profitable, producing fresh ideas,.

March 13

Listen and Trust: The Power of Collaborative Management

Reading Time: 2 minutes   Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers or developed “home grown” talent, you can empower these employees by taking a more collaborative approach to management. Not employees — team members  .

September 12

Climbing the “Hierarchy of Needs” to Find Employee Engagement

Reading Time: 2 minutes   In 1943, psychologist Abraham Maslow set out his “hierarchy of needs.” This theory suggested that human behavior is a response to a variety of needs ranging from physical survival to self-actualization.   At this point, you may be wondering, “What does any of this have to do with my business?” The answer is that.

April 14

Contemplate Your Company’s Compensation Philosophy

Reading Time: 2 minutes Without a good pay and benefits structure, you can’t attract and retain the best employees. But devising a compensation strategy is tougher than it looks — many factors go into paying competitively without breaking the bank. One such factor is your compensation philosophy.   Considering your peers   A good way to start is to.

February 11

Is it time to get accountable with your employees’ expenses?

Reading Time: 2 minutes Many companies start out, and get pretty far down the road, using the “per diem” approach when reimbursing employees for lodging, meals and incidental expenses. Doing so involves the use of either IRS tables or a simplified high-low method to reimburse workers up to specified limits.   The per diem approach is relatively simple and.