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News and Tips

Observance of Memorial Day Holiday

All banks, U.S. Post Offices, FedEx, UPS and MBA will be closed Monday, May 26, 2014, in observance of Memorial Day.      

As a result, no payrolls will be processed or delivered on this date.  All processing schedule change requests are subject to the final approval by MBA’s Finance/Credit Department. 

The earliest day funds can be available to your employees through Direct Deposit is the second business day after your payroll has been finalized due to the federal banking regulations.

If you have any questions, please contact your Payroll Specialist or Account Manager at your earliest convenience. 

Flexible Work Options have positive effect on employee output

More and more companies are finding the need to create alternate accommodations for their employees when it comes to when and how they complete their work. For instance, recent episodes of winter weather forced many companies in areas affected by weather to create proper accommodations for their employees to work from home. Some employers are finding, however, that create these alternate accommodations for employers has its benefits. Although some might fear that allowing employees to work from home essentially means giving them the day off, studies have found that the opposite holds true. Either on a regular basis or as a result of special circumstances, studies show that working from home creates employees who are more productive, engaged and loyal. In a recent Gallup poll, information proved that employees who work from home are increasingly engaged in their work and more productive. Companies that haven’t given this model a try should consider the following: It keeps business conti ...

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Minimum wage increased for federal contract workers.

President Obama recently executed an Executive Order that will raise the minimum wage owed to federal contract workers. The wage will go from the current $7.25 per hour to $10.10 per hour as of January 1, 2015. This marks a 39 percent jump for workers who are considered covered government contractors executing work on covered contracts. Any adjustments to the minimum wage that could take effect in the future will be indexed as to mirror any changes in the Consumer Price Index (CPI). This change will take effect January 1, 2016. The changes in the minimum wages applies to contracts that are considered covered as well as “contract-like instruments”, although these have yet to be defined. Contractors who are covered by the Service Contract Act or the Davis-Bacon Act, the Executive Order seems to only apply to the various thresholds that are spelled out within those statues. In cases of procurement contracts, where the wages of the workers are ruled by the Fair Labor Standards Act, the Ord ...

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Is your company prepared for an emergency?

How prepared is your company in the face of an unexpected emergency or urgent situation? Are employees properly trained or do they require more information to handle an urgent situation? According to information released from a recent survey, your company probably needs more work in terms of emergency preparedness. Of those who participated in the survey, only 31 percent of adult employees in the U.S. indicated that they believe their company and workplace is ahead of the curve in terms of being prepared for an emergency or urgent situation. Because most adults spend the majority of their time within their workplace, it’s important that companies have plans set forth to keep both their employees and their property and establishments safe. These emergencies include health problems, natural disasters, and other unpredictable incidents. The survey shows that employees are most weary when it comes to proactive preparedness for emergencies. Seventy eight percent of those who were surveyed said that t ...

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Three training tips to energize your next training session

Many times, when developing training sessions, the HR staff need to run the training by the leadership team. When this happens, there is usually a great emphasis on making sure the words on the PowerPoint presentation are correct. It's easy for the leadership team to mark-up slides with changes or approvals. But, the worst kind of training session is the one where the training team is reading through PowerPoint slides to a room of employees. In addition, the more effective ways of training employees usually involve role laying, games and praise or awards during the training. If slides are used in these kinds of sessions, they are usually very terse, and usually only have a few words that highlight the main point. This keeps the employees focused on the trainer at the front of the room. But, getting approval from leadership for these kinds of trainings can be much more difficult because usually leadership doesn't have the time to sit through the roleplaying, games and small-group tasks. In addition, a traini ...

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