February is a month dominated by love, mostly thanks to one particular holiday celebrating all things red, chocolate and romantic. However, one very important relationship doesn’t always get the attention it deserves – that between an employee and their employer.
While it is clearly important to tend to your personal relationships, the truth is that you spend a significant portion of your life with your work colleagues. Unfortunately, most people simply do not put forth the necessary effort to nurture the employer/employee relationship for long-term, mutually beneficial success.
In honor of Cupid’s big day, we have put together some of our HR experts’ best tips for managers to help their employees feel the love. Continue reading this entry →
Modern employees want to work for employers who care for their well-being. An employee assistance program (EAP) is a great employee benefit for giving employees and their family members who are struggling with stress, substance abuse, relationship problems, grief and a host of other personal issues an around-the-clock, confidential resource to get the help they need.
For some, the mere mention of an EAP brings visions of distraught employees calling a 1-800 number for counseling help. While providing counseling is a primary service, an EAP also offers many additional resources that employers and staff can use to handle a variety of work-related situations. Continue reading this entry →
Employees don’t leave companies; they leave bosses. You may have heard this old business adage before. But what types of bosses do people leave? And, more importantly, are you one of them?
I once (very, very briefly) worked for a company where my department vice president didn’t allow employees to speak to him –or even make eye contact with him – without first setting up a meeting with his assistant. Then he would be hours late for the meeting because he went to lunch (not caring about the employee waiting for him in an empty conference room with her own stomach rumbling). Continue reading this entry →
We recently told you that you have until tax day to maximize your 2015 HSA contribution. However, you may still be intimidated by the prospect of signing up for a health savings account. Here are three important facts about HSAs to get you started:
1) You may not have to pay federal taxes on contributions, growth and distributions of HSA funds
HSAs are one of the few savings vehicles that allow you to avoid federal income tax. The IRS usually likes to collect taxes on one end of a financial transaction. Think about traditional 401(k) accounts. Your contributions reduce your taxable income when you make payroll deductions and, when you retire, distributions are taxable income. With a Roth 401(k), your contributions are made with money that has been taxed and when you retire the distributions are tax-free. Uncle Sam gets a piece in either scenario. Continue reading this entry →
First in a three-part series from Moleculera Labs on human capital management for biotechnology companies
Without question, one critical success factor for all biotechnology companies is the ability to identify and retain a synergistic combination of internal and external team members, all working seamlessly toward the same goal. This collective group of individuals can be referred to as the company’s “human capital.”
In comparison to the other activities of a start-up or development-stage biotechnology company, there is relatively little strategic planning time spent on understanding how to grow and leverage the human capital assets of the company. This lack of human capital planning is a mistake, as it is impossible to start and build a successful biotechnology company without the help of an exceptional and synergistic team of individuals.
In this post, I will discuss the most important characteristics biotech entrepreneurs should seek in new employees. My next post will go into the various non-employee human capital resources that biotech startups need. The third post will discuss selecting the external partners who can be so vital to your success. Continue reading this entry →