Economy Surging | Tax Reform Boost | 2018 Tax Info | High Achievers

StaffLink’s Small Business Week — January 19 Highlights

In StaffLink’s Small Business Week this week, the economy continues to set records; passage of the tax reform bill prompted many companies to increase employee wages and bonuses; 7-Eleven raids in Florida serve as a cautionary compliance tale for employers; 2018 tax information and tips for businesses preparing for the coming tax season; a look at workplace legal trends; and, how high achievers start their days.

Trump, the Economy, and tax reform 

Love Him or Hate Him, Trump deserves Credit for Booming Economy announces Investor’s Business Daily’s January 12, 2018, editorial. The editorial cites increased wages, bonus payments, and industrial expansions as evidence.  He is not alone, even some of the President’s media critics are now granting the president begrudging praise about his economic policies.

CNBC’s Market Insider with Patti Domm wrote Trump economy’s sustained growth pace unlike anything seen in 13 years. Will the good times last? Some economists tell Domm that they are waiting to see what happens in Q1 of 2018, but for the most part, there is strong optimism in the business community.  In fact, small business optimism is the highest its ever been in the 45 years since it was first measured. 

Corporate America is also proving critics wrong about the impact of tax reform.  More than 164 companies have either increased wages, paid bonuses, or both, including Apple, Walmart, JetBlue, American Airlines, and several large banks, to name a few.  You can find the list in Paul Bedard’s  article, Boom: 164 companies give bonuses, lower fees to millions. 

Which company is serving up the biggest bonus awards? The Street’s Annie Palmer tells us that most employees of Apple will receive $2,500 bonuses in Apple Just Handed Employees the Biggest Tax Bill-Related Bonus So Far.

What can we learn from the mistakes of others?

As the dust settles following the Department of Homeland Security’s raids on 100 7-Eleven stores, including several in Florida earlier this month, Workforce contributor Montserrat C. Miller examines what we can learn from the event. Miller also offers his tips to ensure that your business has its paperwork in order in Raid on 7-Elevens a Stark Lesson in I-9 Immigration Compliance.

Withholding tables plus small business tax hacks for 2018.

The new tax law included several changes that affect individual income withholdings. What should employers and employees do about the changes? SHRM’s Stephen Miller explains in IRS Issues New Withholding Tables for 2018. According to the article, the Trump administration anticipates that ninety percent of wage earners will take home more of their pay following the adjustments.

What can small businesses do to keep more of their money out of the tax collector’s hands? Entrepreneur contributor Peter Daisyme offers up 10 Tax-Savings Hacks That SMall Business Owners Often Miss to help us out. Save those receipts!

Making the most of your morning.

Inc. contributor Christina DesMarais says that high achievers get a head start by starting their mornings right. She tells us their formula for success in Here’s How the Highest Achievers Start Their Days Differently Than Everyone Else.

A look at the latest workplace legal trends.

Sharing good news and bad, SHRM’s Lisa Nagele-Piazza and Allen Smith have put together 8 Workplace Legal Trends for 2018. They predict that the Department of Labor will be employer-friendly and the Obama era overtime rule will see a rollback. Business challenges will include navigating harassment and retaliation claims. Plus, companies will need to adjust to changes in various state drug laws.

Watch This–

Political and social division is deep in many places, not just the U.S.  And, both sides are to blame.  But in the ‘down under’ one organization thinks it’s come up with a solution, and their ad was voted ‘top ad’ in the world this week in BestAdsonTV.   

There may be ‘mutt-in’ better than lamb to heal the  political divide.

Trends in HR | Healthcare Jobs of the Future | Handling Sexual Harassment Claims | Getting Employees’ Best

StaffLink’s Week Ending January 12 Highlights

StaffLink’s Small Business Highlights for this second full week in January include HR trends and healthcare jobs predictions. Plus, a guide to investigating sexual harassment claims and tips for encouraging your employees to work harder. Also, you’ll find an update on the DOL’s proposed association health plans rule and a look at the best in tech in this week’s edition.

Jobs are changing and so is the role of HR.

Demographic shifts and the adoption of new technologies are driving changes in HR from job design to recruiting practices. This Forbes article by Chee Tung Leong points to Four Key HR Trends to Watch in 2018. Will employers and employees prosper in the growing gig economy? What new benefits and compensation models will be needed to ensure that they do?

The high risks and rewards of advancing technology and its effect on healthcare jobs.

The past few years have seen incredible developments in medical technology. But new threats posed by runaway data and sophisticated biological tools have developed too. Forbes’ contributor Reenita Das discusses how new tools and technologies will shape the healthcare profession in 10 Future Healthcare Jobs to Watch.  

The one employee incentive that works.

According to a recent study (and common sense), the promise of upward mobility is a powerful motivator. Employees who believe they have an equal shot at success are more productive than those who believe the system is rigged.

In This Study of 400,000 People Reveals the 1 Reason Employees Work Harder (and It’s Not Pay or Benefits or Culture Decks), Inc. contributor Jeff Haden share details of the study’s findings.

Dealing with sexual harassment: Be prepared to handle complaints.

After a sexual harassment complaint has been made is not the time to decide how your organization will handle one. Mishandling an accusation can cost an organization its time, money, and reputation. SHRM’s Dori Meinert advises employers to learn what to do before they need to do it.

In How to Investigate Sexual Harassment Allegations, Meinert outlines a step by step process businesses can use to get up to speed on this sensitive topic.

Potential good news for small businesses seeking employee healthcare coverage.

SHRM’s Stephen Miller reported this week on a proposal by the Department of Labor that would allow small businesses greater access to association healthcare plans. Miller explains how the proposed rule would work in DOL Proposes Rule to Expand Association Health Plans for Small Employers. The DOL is accepting comments on the proposal through March 6.

CES 2018 in 2 Minutes

With the Consumer Technology Association’s CES 2018 taking place in Las Vegas this week, tech talk is everywhere. If you can’t attend the conference you can still see what all the fuss is about.

Just check out this video:

Job Growth and Stock Market Climb | New Income Tax Brackets | 2018 Trends for Talent and Tech

Welcome to 2018! StaffLink’s best for the week ending January 5 includes signs of economic strength, news of the new income tax brackets, and a court ruling on Miami Beach’s municipal minimum wage ordinance. Plus, this year’s talent acquisition and tech trends.

The economy is on the up and up.

On January 4, the Dow Jones Industrial Average made history. Fox Business News reported that the index hit an all-time high of 25,000 during this first week of 2018. If the trend continues through today, the Dow will hit its 90th record close since the November 2016 elections. Fox Reporter Leia Klingel writes all about it in Dow 25,000 powered by fastest 1,000-point advance ever.

MarketWatch’s Andrea Riquier added to the positive economic news on Thursday with Private-sector job growth sizzles in December, with 250,000 jobs added, ADP says. “The American job machine remains in full swing,” Moody’s Analytics chief economist Mark Zandi told Riquier before cautioning that future growth may be limited by a shrinking labor pool.

The new tax law shifts taxpayer brackets.

The Republican-backed Tax Cuts and Jobs Act became law in December and brought with it a set of new income tax brackets. CNBC’s Darla Mercado breaks down the new numbers in New year, new tax brackets. Here’s where you stand.

Mileage deduction rates see a small adjustment.

Beginning on January 1, 2018, the standard mileage rates for deductible business mileage will increase by 1 cent to 54.5 cents per mile writes SHRM’s Stephen Miller in IRS Announces Higher Standard Mileage Rate for 2018. The deduction for moving and medical driving expenses increased as well, Miller reports.  However, the deduction when driving for charity remained unchanged.

A district court decides a Florida minimum wage dispute.

In December 2017, a district court in Florida found that Florida local governments’ authority to set minimum wage rates were preempted by state law. The ruling resolved an issue of interpretation between an amendment to the Florida Constitution and Florida statutes. SHRM contributor Sarah Smith Kuehnel explains the details of the ruling in Florida Statute Preempts Miami Beach Minimum Wage Ordinance, Court Finds.

Sourcing new hires in the new year.

How are hiring managers and recruiters adjusting to demographic shifts in the labor market? SHRM brings us some predictions in Tim Sackett Peers into the Future: Talent Acquisition Trends and Predictions for 2018. Millennials are no longer the new kids in the cubicles as members of Generation Z began graduating from college in 2017.

Finally, from CNET, we bring you this video featuring a look at the tech you may expect to see influencing your life in 2018. From augmented reality to voice assist, the future is here (even the Star Trek ad at the front) …