Employee Retention Archives | Hutchinson and Bloodgood LLP

Designing the right bonus plan for your business

People,drawing,bonus,and,employee,compensation,on,paper

October 10, 2025

Today’s employees have a wealth of information at their fingertips and many distractions competing for their attention. Maintaining focus and productivity can be challenging. One proven lever for promoting engagement is a performance-based bonus plan. When carefully structured, these plans acknowledge individual contributions while accelerating the company toward its strategic goals. However, if not optimally […]

#EmployeeEngagement, #EmployeeRetention, #PerformanceBasedPay

Find Out More

Employee Retention

An education plan can pay off for your employees — and your business

Two,happy,friendly,diverse,professionals,,teacher,and,student,giving,high

April 28, 2025

H&B

0

Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan basics Sec. 127 plans can cover the cost of almost anything that constitutes education, including […]

#EducationalAssistance, #EmployeeBenefits, #Section127Plan

Find Out More

Employee Retention

How businesses can better retain their salespeople

Teamwork,and,corporate,profit,with,red,statistical,trend

October 2, 2024

Karen Hammer

0

The U.S. job market has largely stabilized since the historic disruption of the pandemic and the unusual fluctuations that followed. But the fact remains that employee retention is mission-critical for businesses. Retaining employees is still generally less expensive than finding and hiring new ones. And strong retention is one of the hallmarks of a healthy […]

Find Out More

Employee Retention

Is your business underestimating the value of older workers?

Smiling,senior,employee,discussing,email,with,african,colleague,at,workplace,

December 6, 2023

H&B

0

The job market remains relatively tight for businesses looking to fill open positions or simply add top talent when the fit is right. That means it’s still important for companies to continuously reassess where they’re looking for applicants and which job candidates they’re focusing on. In October, global employment nonprofit Generation, in partnership with the Organisation for […]

Find Out More

Employee Retention

Education benefits help attract, retain and motivate your employees

Group,of,mature,college,students,collaborating,on,project

May 3, 2023

H&B

0

One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, retain and motivate employees is to provide education fringe benefits so that team members can improve their skills and gain additional knowledge. An employee can […]

Find Out More