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Tag: employee

Managing employees during tough economic times

Managing employees during tough economic times

Business
Managing a group of employees during good economic times can have its ups and downs. But what about supervising a group of workers during layoffs, downsizing, and furloughs? The negative effect on worker morale and productivity can be overwhelming. The following toolbox can help managers stay positive and keep employees motivated. Honest and Frequent Communication Keep employees notified of global economic impacts for the organization. Set regular meetings with employees to answer questions and keep everyone informed. Dena Uding of the California Department of Water Resources says open communication is key. When potentially bad news is about to break, Dena says sharing the known and unknown facts with staff first helps keep rumors from spreading. Being honest with employees al...
Productive and non-productive payroll earnings

Productive and non-productive payroll earnings

Finance
Payroll systems use different paycodes so that hours are classified differently based on how salaries are earned or paid. The reason to identify the type of hours paid in payroll is three-fold: to pay hours at a different rate, to keep time used against a paid time off bank, or to track time for a productivity system Productive Hours for Accounting Purposes Time that is worked is tracked as productive time, that is, when work is produced by employees as a normal course of their job. This can be broken down in separate categories based on the pay rate that is assigned to the employee. The most common pay code is for regular hours, which also could be called normal or standard hours. A person who is assigned a 40 hour work week that shows up, punches in on time and leaves a...
Conducting an employee work performance review

Conducting an employee work performance review

Business
While most supervisors could communicate praises and give good ratings to their subordinates, some may feel uncomfortable telling employees that their performance is poor. This is only natural, especially if one is a young supervisor or new in the position. A supervisor need not feel uncomfortable if he or she is well prepared to lead the performance review which is also known as the appraisal session. How to Conduct the Performance Review First and foremost, set aside a suitable date and time for the review and inform the employee. Priority and commitment given will ensure a fruitful outcome. Arranging a session at short notice or postponing a scheduled session at the last minute will not reflect well on the supervisor. A few simple pointers could help the performance appr...
How to calculate taxes withheld from a paycheck

How to calculate taxes withheld from a paycheck

Business
The law requires employers to withhold income taxes from employees’ paychecks. The tax withheld depends on the type of tax. The employee can generally control federal income tax withholding because it is largely based on his filing status, income and number of allowances. However, the government sets the Social Security and Medicare tax amounts. Figuring payroll taxes can be confusing, but once the process is understood, the withholding can be determined. Federal Income Taxes on a Paycheck Use Form W-4 and the IRS withholding tax tables to determine federal income tax withholding. The filing status and number of allowances from are on the W-4. Then, use the withholding tax tables (Circular E) for the appropriate tax year to perform the calculation. If the employee has 10 or fewer...
Why happy employees may not be motivated

Why happy employees may not be motivated

Business
But what if it's wrong? After all, happiness is a mood state and that is not the same thing as motivation or commitment. There are plenty of immensely happy people who are quite average or even below average as performers on the job. There certainly is a relationship between job satisfaction and productivity but while everyone wants to work in an environment that makes them happy, the reality is that satisfied employees are not necessarily more productive. Productive employees tend to be happy however. They are productive when their leaders emphasize quality and customer service and they are well trained, empowered, and involved in making decisions. This allows them to be more engaged and to communicate and collaborate with each other. Consider the resources currently being wa...
When is right time for voluntary early retirement

When is right time for voluntary early retirement

Career
Taking early retirement is easier said than done and needs careful planning. A typical semi-retirement or working retirement plan involves: determining of the length of semi-retirement, accumulating savings to fund mandatory and discretionary spending during semi-retirement, budgeting for expenses and spending during the time off; and, developing a back up plan if ventures do not succeed Once the savings target is reached and before the resignation letter is tendered, semi-retirement activities should be planned out carefully to ensure that the temporary time off from work is well spent, efforts are worthwhile and goals are achieved. Spending Time With Family The best time spent by most people is probably with their parents, spouses, children and pets. Although the time ...