All About the Hybrid Work Model
The COVID-19 pandemic forced employers to rethink their work models, allowing many employees to work remotely. Since then, organizations have adopted a hybrid work model, allowing employees to work both in the office and at home. This flexible approach might include specific days in which employees should be in the office or an at-will schedule, allowing an employee to choose when they come in.
According to a survey conducted with Wakefield Research, nearly half of the workforce would likely seek another job if their current employer didn’t offer a flexible work model. Offering flexibility encourages employees to work when they’re most productive and attain a better work-life balance. If you don’t need your employees in the office, a hybrid work schedule might also allow you to downsize your space, reducing overhead costs.
Check out this article for the secrets of a successful hybrid work model.
Benefits of Offering a Learning Management System
Providing opportunities for your employees to increase their knowledge and grow their skills is a win-win. You might offer training to new hires or individuals moving departments, but your company can simplify its educational offering with a robust learning management system (LMS). Implementing an LMS comes with many benefits, including:
- Improved employee engagement
- Higher retention levels
- Valuable insights into your workforce and their unique skills and abilities
- Training consistency
- Increased employee loyalty
By giving your team opportunities to learn about topics they’re interested in or gain valuable skills, you can make them feel more valued as well. An LMS is well worth the investment, and we offer one that’s built right into your payroll platform. Learn more here!
What to Know About Business-Related Travel Deductions
The IRS recently released an update on business-related travel deductions for taxpayers. When an employee must travel away from their main place of work or tax home for business purposes, they can deduct the expenses incurred during the travel period. Travel expenses must be necessary and ordinary, and can’t be extravagant, lavish, or for personal purposes. The travel period must be longer than an ordinary day at work and include a need for rest or sleep to meet the demands.
Deductible travel expenses may include:
- Travel by train, airplane, bus, or car between your home and business destination
- Other transportation fares, such as taxis or hired cars to get to and from an airport, hotel, train station, and/or work location
- Lodging and meals (non-entertainment-related)
- Business communication and calls
- Using your personal vehicle for business
- Shipping of baggage and/or display or sample material between work locations
- Tips for services related to these expenses
If you travel for work, make sure to review the IRS Tax Tip 2022-104 in full for more helpful information.
Upcoming Important Dates
September 5: Labor Day (Federal Holiday – Payroll People and Federal Reserve closed)