Get ready for a heaping dose of bummersauce: They say the only certainties are death and taxes — but you can also count on your 2013 checks being smaller because of those taxes. CNN Money has the bad news:
Payroll taxes are key for financing Social Security, and the break of the past two years has forced the government to replenish the funds with borrowed money. The tax break was always meant to be temporary.
Workers earning the national average salary of $41,000 will receive $32 less on every biweekly paycheck. The higher the salary (up to $113,700), the bigger the bite, but business owners say their lower wage employees will feel it most.
Deborah Koenigsberger, who owns the Noir et Blanc fashion store in Manhattan, has yet to have the talk with her only part-time employee, a college student.
"It's going to hurt me to tell her this. She can't afford a decrease," Koenigsberger said. What unnerves her is the feeling that she's lost control as a business owner watching out for her employees.
Keval Mehta, CEO of In-R-Food, a smartphone app developer in Durham, N.C., worried the tax increase will threaten morale. "They don't get paid enough for what they do," Mehta said.
The 1-year-old company has yet to make a profit, having just launched software that scans grocery products and lists ingredients and nutritional values. His four employees could make upwards of $80,000 a year elsewhere, but three of them earn less than half that. They put in long hours, must work from laptops while on vacation, and no, there isn't a health insurance plan.
All that made it even more difficult to warn them during the holidays about the oncoming pay cut. Mehta promised them he'd make up the lost pay if the company's finances improve next year.
"Currently, they're working on passion. But that can only drive you so much," Mehta said. "I don't like that I don't have control over this. It wasn't a decision I made. But as a CEO, you take responsibility for everything. You're automatically at fault, because you're the captain of the ship."
Three Indiana organizations are among 133 semifinalists for the prestigious Secretary of Defense Employer Support Freedom Award. The award is the highest honor given by the government to employers for providing exceptional support to their Guard and Reserve employees. There were more than 3,200 nominees nationally.
Every week, it seems like there’s another story or controversy surrounding a business and its use of social media. Whether it’s an ill-advised Tweet, improperly disciplining an employee for social media use or an employee venting irresponsibly, the gray area in this arena seems to be spreading like a (computer) virus.
Not sure why parents are so irked about what’s on their sons’/daughters’ Facebook pages. They’re just showing potential employers how extroverted and — let’s call it "gregarious" – they can be.
If you manage people at your business, you know it can be tough. You want to walk that balance of being nice and garnering respect and getting the job done. While you shouldn’t be a pushover,
Communications firm
Oh, the agony of job searches. There’s the time-consuming process of developing a summary of your many accomplishments and attributes (as hours pass, you begin to wonder if you’ll be finished when Haley’s Comet reappears in 2062). Nail-biting interviews also take a toll (sadly, willing the telephone to ring won’t guarantee a job offer). Here’s the good news: Your best weapon in the “job search jungle” is something you have complete control over — your résumé.
We’ve all heard how employers are looking at social media sites to research potential employees during the hiring process. But is the discovered information indicative of future performance? Thanks to a study from professors at the University of Evansville and Louisiana State University, there’s a little social science to answer this question. (Speaking of LSU, one might question if the sometimes volatile and outspoken Shaq would have gotten through admissions had Facebook been around when he attended the school. Then, without hesitation, one should probably answer "yes.")