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LBMC's News
The PEO Value Proposition
Become an Employer of Choice It may be cliché, but a company's most valuable asset is truly its employees. Small and medium-sized business owners and managers recognize that they must offer a solid benefits plan and employ sound Human Resources (HR) practices if they want to recruit and retain the best and the brightest in today's competitive labor market. Often times, however, they do not have the time, expertise or resources to adequately manage this process. Partnering with a Professional Employer Organization (PEO) can help with these issues.
On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act. The Act provides tax incentives to the employer for hiring and retaining certain unemployed workers. Click for a summary of the eligibility requirements for this incentive.
High Deductible Health Plans with Health Savings Accounts...The Basics
A high deductible health plan, also referred to as a HDHP, H.S.A. or Consumer-Driven Health Plan (CDHP), is a new idea for many employers and employees. Employees, or members, have a high deductible to meet and are responsible for 100% of the cost of their healthcare until that deductible has been met. The member receives healthcare coverage at the carrier's (CIGNA, Blue Cross Blue Shield, United HealthCare, etc.) discounted rate ? whatever amount is outlined in the insurance company's contract with the provider for services.
They did it again! Congress just passed yet another extension to the COBRA subsidy...and then some. Here's what you need to know this time.
They missed the deadline by a couple of days, but Congress still managed to extend how long your company will have to offer COBRA coverage to recently departed employees.
We are pleased to announce that Kathryn Williams joined LBMC Employment Partners in our Brentwood office in February 2010. She is Administrative Support to our payroll team. She began her career at Commercial Industrial Construction Inc. in Nashville, Tennessee.
In the time that I have worked as an HR Consultant, I have stumbled upon a large amount of employers who do not know how to properly fill out their I-9 (Employment Eligibility Verification) documents. This poses a rather large problem in the event that an Immigration and Customs Enforcement (ICE) agent would come through the doors for a file audit, because each incorrectly filled out I-9 will cost an organization between $100-1000 in fines and penalties.