The landscape of employee benefits is changing in Colorado. In 2023, the state introduced the Family and Medical Leave Insurance (FAMLI) program, a new legislation designed to provide paid leave for workers facing family or medical emergencies. The program officially starts providing benefits from January 1, 2024. While this is great news for employees, it…
As an employer, one of your key responsibilities is to ensure your business adheres to various state and federal laws. Among these, sick leave laws hold a prominent place. Non-compliance can lead to a myriad of consequences, ranging from penalties and fines to lawsuits and damage to your company’s reputation. However, navigating through the labyrinth…
As a government contractor, managing your indirect rates is of utmost importance if you want to bid on government contracts. However, keeping track of indirect rates can be a daunting task, especially for small businesses without sophisticated accounting systems. In this blog post, we will dive into how Hour Timesheet can help small businesses manage…
The government frequently extends contracts to small- and medium-sized government businesses to cover its varied needs. Winning such a contract offers businesses a tremendous financial opportunity, but it comes with some essential responsibilities. The U.S. Department of Labor (DOL) and the Department of Defense (DoD) work with the Defense Contract Audit Agency (DCAA) to ensure…
Economic uncertainty is something that affects everyone, especially small business owners. Government contractors are no exception, and the current climate only heightens that uncertainty. However, there are ways to mitigate risk and take advantage of growth opportunities. A robust time and attendance software can help companies navigate these uncertain times by providing the necessary data…
As the number of remote employees grows, employers need to understand the importance of accurate employee and contractor timekeeping. For government contractors who often use a timesheet system, it’s important to ensure that all employees are accurately tracking their hours and work activities. Here’s why accurate timekeeping is an essential part of managing remote workers….
If your organization has been awarded a government contract, you need to understand two government contract agencies that require your compliance: DCAA (Defense Audit Contract Agency) vs. DCMA (Defense Contract Management Agency). As of December 2021, the Department of Defense (DoD) reported working with approximately 20,000 contractors within the DOD’s area of responsibility. With so…
Time tracking remains the most effective way to measure your employees’ value to your business. It is also the most practical way to pay them for their commitment and service to your organization. That’s one reason why it is so important to find out how to keep track of employee hours. Additional benefits of learning how to…
Effective time tracking software management can make a world of difference within a team or an organization. When each team member is on top of things, operations not only run smoother, but overall productivity may see a significant boost. What Is Time Tracking Software Available for mobile, desktop or both, time tracking software is a…
Time management is essential to your business because it lets you increase the quality of your work and services. Have you ever thought about implementing time management software? This lets you and your employees keep track of the time spent working on various projects and tasks, which can lead to improved productivity and morale. This…
