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Two Small Business Human Resources Trends Expected to Unfold in 2011
Published on Jan 17, 2011
Read our article, 'Two Small Business Human Resources Trends Expected to Unfold in 2011' at 'Time to Start Up,' the small business blog by BizFilings.
While the first few weeks of 2011 already noted a number of encouraging signs for the coming year - lower unemployment, higher small business borrowing, gains in manufacturing activity and small business employment - there are a number of critical changes expected to unfold this year -we'd like to explore two additional topics: healthcare reform and social media.
Healthcare reform. Healthcare reform has been one of the most hotly debated issues in the country in recent years, even as the Patient Protection and Affordable Care Act was signed into law last March. Although it is expected to be implemented gradually over the next several years, some key provisions will be enacted this year, including a provision that provides tax credits to small businesses to help cover up to 35 percent of employee healthcare premiums - a measure that is expected to free up budgets and boost business filings.
Social media. Last year also marked a revolution for social media, as businesses began to embrace the phenomenon in droves. This trend is expected to continue through 2011, but as social networks are used most significantly for personal reasons, small businesses should consider adopting social media policies for their employees.
"A number of problematic workplace issues can arise when your employees engage in social media activities at work without a formal company policy in place," writes Burton Goldfield for Entrepreneur magazine. "They might divulge trade secrets, violate confidentiality and their productivity could decline, to name just a few."