To ensure employee happiness and a long tenure at their new company, it may be worthwhile to provide new technicians with a basic financial plan for their personal wealth.
As a retirement plan, an ESOP won’t maximize the sale price of an HVAC company. But for owners looking to carry on their legacy, it will keep the company intact and reward loyal employees who helped them build it.
It’s that time of year again where you may be considering giving out a Christmas bonus. But can your Christmas bonus actually have a negative impact on your culture?
U.S. employers’ most common complaint across almost all business sectors is an inability to find workers. The lack of workers presents a problem to more than just employers.
The Fair Labor Standards Act requires employers to pay employees a minimum wage for all hours worked and a time-and-a-half overtime rate for all hours worked over 40 in a work week. However, it provides certain exemptions.
Some of the ways HVAC contractors take to improve employee morale and create company culture bring an unrealized risk of workers’ claims and other liabilities.