Will new tips rules affect your business?
A new Act on tipping has been passed with the aim of ensuring that more of what customers leave as tips go to staff. Does this mean you need to update your payroll processes and are there any changes to how tips are taxed?
One of the most important tasks in creating a high-performance culture in your business is taking the time to understand your team and their needs. When employees’ needs are met, and they feel aligned with the strategy, vision and values of the firm, they tend to respond with higher levels of engagement and commitment, and are willing to go the extra mile to support the development of the business.