CPA Practice Advisor

NOV 2018

Today's Technology for Tomorrow's Firm.

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22 NOVEMBER 2018 ■ THE PAYROLL CHANNEL Politics Can Create Turmoil in the Workplace By Isaac M. O'Bannon, Managing Editor A new survey shows that while almost half (49%) of respondents enjoy talking politics with peers at work, 53 percent limit social interactions with co-workers who have differing political beliefs. “Our study shows the topic of politics itself is extremely divisive in the workplace, reflecting our country’s current polarized political climate,” said Audra Jenkins, chief diversity and inclusion officer, Randstad North America, which conducted the survey. “Managers must pay close attention to workplace dynamics within their teams and be sure they’re promoting cultures that are inclusive and tolerant of a range of different political perspectives. Without a strategy in place, organizations run the risk of impacting their diversity and inclusion initiatives by creating another barrier that limits the diversity of thought.” Employees see the benefits of discussing politics at work, but the risk of negative consequences is high ■ Sixty-five percent of employees are comfortable discussing politics with colleagues, and over a third (38%) have changed their opinions on political issues because of such discussions at work. ■ Over half (55%) have seen heated political discussions or arguments at work, and over a third (38%) have been involved in them. ■ Seventy-two percent feel stressed or anxious when heated arguments occur, and 44 percent say such arguments impact their productivity. Differences in political views, whether in person or online, can be alienating ■ Fifty percent say their thoughts and feelings about colleagues have changed after discovering their political beliefs. ■ Forty-three percent have at least one colleague whose political views do not align with their own and have felt excluded at work as a result. ■ Thirty-eight percent of employees believe they have experienced negative bias at work because of their political beliefs. ■ Sixty percent are careful of posting things reflecting their political views on social media networks because they’re afraid of colleagues seeing them. ■ Almost half (46%) have unfollowed colleagues on social media because of political posts. ■ Forty-seven percent feel the need to hide their political beliefs in order to fit in with senior leaders. Political views can drive employees to quit their jobs, or reassess employment opportunities ■ Thirty-five percent would leave their jobs if their direct managers held very different political views than their own and were publicly vocal about them. ■ Fifty-eight percent of respondents would not interview at companies that publicly promoted political beliefs they did not support. ■ Thirty-nine percent would take pay cuts to move to companies that promoted causes aligned with their political values. Workers are divided on whether employers should take a stance on political issues ■ Forty-six percent say it’s important to work for employers that take stands on controversial political issues. ■ Over half (56%) say it’s important that the charitable and/or corporate social responsibility causes their companies support reflect their own political values. ■ Fifty-three percent want employers to take a stand on LGBTQIA rights. ■ Fifty-four percent want their employer to take a stand on immigration policy. ■ Fifty-three percent want their employer to take a stand on gun control policy. Politics matter more to millennials ■ Fifty-five percent of 25–34 year-olds believe they’ve experienced negative bias at work because of their political beliefs, versus just 23 percent of 50–64 year-olds. ■ Sixty-nine percent of millennials say their thoughts and feelings about colleagues have changed after they’ve found out their political beliefs, compared to 50 percent of all workers. ■ Sixty-seven percent of millennials say they’d quit their jobs over political differences with their bosses, versus just 15 percent of 50–64 year-olds. LATEST PAYROLL NEWS 74% of U.S. Workers Say They are Tired at Work. Need a nap at 1pm? Feeling drained at your desk? You’re not alone. U.S. Wages See 3.5% Growth. Wages for U.S. workers grew 3.5 percent over the last year, increasing the average wage level by $0.95 to $27.81 an hour. Backup Withholding Tax Rate Changes to 24%. When backup withholding applies, payers must backup withhold tax from payments not otherwise subject to withholding. Finance Execs Willing to Offer Tuition Reimbursement to Some New Hires. Large companies are almost twice as likely as small firms (93% vs. 51%) to provide tuition reimbursement. Gender Pay Gap Costs Women $500 Billion Per Year. Working women lose out on $500 billion a year because of a persistent gender pay gap, with women paid only 80 cents, on average, for every dollar paid to a man. THIS MONTH'S TOP PAYROLL SOCIAL MEDIA POSTS ■ How to Hire Seasonal Employees. TSheets blog. ■ Higher Wages Won’t Turn Bad Jobs into Good Ones. Harvard Business Review. ■ 3 Ways to Keep Employees Engaged. SurePayroll blog. ■ The Real Costs of Payroll Errors. HR Payroll Systems blog. ■ How to Handle Accrued Time Off. Patriot Software blog.

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