A workers’ compensation dividend plan, or participating plan, is a way for employers to take part in the profits earned by their insurers. Basically, dividend plans reward employers for having fewer claims, and many employers choose them to save on their workers’ compensation insurance. How Workers’ Compensation Dividend Plans Work A workers’ compensation dividend plan…
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Tableside Payment: What It Is & How to Use It
Tableside payments refer to the practice of settling restaurant bills directly at the table through the use of devices that integrate with the merchant’s point-of-sale (POS) system. This approach can streamline the payment process, elevate the customer’s overall dining experience, and make restaurant operations faster and more efficient. The COVID-19 pandemic spurred widespread adoption of…
What Is Organized Retail Crime? Consequences + Prevention
In recent years, there has been a new, unwelcomed trend haunting retail stores: organized retail crime (ORC). It refers to large-scale, organized shoplifting, cargo theft, ecommerce cyber-attacks, fraud, and other professionally orchestrated crimes against retailers. ORC is costly, difficult to detect, and highly organized—and erodes shopper trust. In this ultimate guide to ORC, we will…
What Is Shift Work? What to Know & Best Practices
Shift work is a term used to describe specific hours in the day (within a 24-hour timeframe) when work is performed. The exact hours worked are based on the type of shift work—for instance, 8 a.m. to 5 p.m. typically represents the first shift, and Saturday and Sunday hours represent the weekend shift. Knowing what…
What Is Debt-to-Income Ratio & How to Calculate It
Your debt-to-income (DTI) ratio is calculated by taking the dollar amount of your monthly debt obligations and dividing it by your gross monthly income. It is expressed as a percentage and can be used by lenders as one of several criteria to determine whether it can issue you a loan approval. The maximum DTI to…
Glossary of 72 Ecommerce Terms You Need to Know
With the vast number of ecommerce terms—plus new terminology appearing regularly—it’s important to keep abreast of the vocabulary you’ll encounter as an online retailer. Here, we’ve compiled an ecommerce glossary of terms and definitions with more than 70 of the most common acronyms, words, and phrases in use today. 1. 301 Redirect This is an…
What Is a Bring Your Own Device Policy? (+ Sample Agreement)
Bring your own device, or BYOD, refers to a type of company policy that allows employees to use their own personal devices (e.g., laptops and smartphones) to work on business-related tasks, instead of company-issued equipment. In a survey cited in the 2022 Global Mobile Threat report, 66% of companies had an active BYOD program in…
11 Payroll Forms Employers Need
Payroll forms are important because they help employers comply with federal, state, and local tax laws. By accurately completing and submitting these forms, businesses can avoid penalties and legal issues arising from non-compliance. Additionally, payroll forms for employers help businesses maintain accurate records of their employees’ earnings, deductions, and tax withholdings. Here’s a quick glance…