Employee benefits are often defined as compensation paid by an employer to an employee over and above regular salary and wages. Employee benefits come in many shapes and sizes and are an integral part of an overall compensation package offered to employees. Employee benefits are essential in keeping current employees happy, and have become an important ingredient to attracting new and highly skilled employees to a firm.
Some employee benefits are required by law. For instance, an employer is required to make payments on an employee’s behalf for Social Security and Medicare benefits, as well as make unemployment benefit payments on behalf of employees.
AIA Trust Component Grant Awards: 2024 Recipients
We received many excellent program proposals for this year’s AIA Trust Component Grant Program making recipient selection rather difficult! These annual awards are made possible by Victor and CNA, providers of the AIA Trust Professional Liability, Business Owners, and Cyber Liability Insurance programs and this is the 18th year in which five components were…
Avoiding fee disputes
Architecture firms should take the time to establish meaningful fee collection practices so that they can remain financially solvent. Avoiding fee disputes with clients helps maintain positive working relationships while safeguarding the ability to provide services on future projects, including those of existing clients. Timely collection of fees is essential since architecture firms do not…
