The coronavirus pandemic has affected nearly every aspect of business. And as the summer months pass, another issue is being brought to light: Employees aren’t using their vacation time. Because of COVID-19 and the risks involved with traveling – and also worries about job security – many employees are rescheduling or outright cancelling vacation plans. […]
You work hard to make all of your benefits communications as good as they can be. But where does all that work end up? It can be tough for you to know how effective your communications have been. You’re not alone. Studies have shown that as many as 40% of companies can’t effectively measure internal […]
It’s a win-win for employers and employees. Letting workers choose their own benefits – with a lifestyle spending account (LSA) – is a way of empowering them and retaining them. For firms, particularly smaller ones, it’s also a way they can compete when attracting new talent. An LSA is an account funded exclusively by firms […]
The greatest benefit for the millennial generation is an HSA’s “triple tax savings,” combined with how time can amplify those savings to grow an individual’s account.
An increasing number (42%) of employers are making changes to their PTO, vacation and sick day policies, as employees are reluctant to take days off during the unstable times of the pandemic. As unused vacation days pile up, some employers (16%) are requiring employees to take time off to reduce the year-end build-up, according to […]
Student loan assistance is one of the less-discussed changes included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. But the act gives employers a great way to reward some of your workers with tax-free help paying down their student loan debt. Don’t wait to check out the new IRS rules on student loan […]
While it’s optional for employers, many will likely opt to allow employees to make mid-year health plan changes since so many have had their lives upended in 2020, as the IRS gives the go-ahead in a new coronavirus-related ruling. Normally, employees are prevented from changing their health insurance plans after the open enrollment period ends […]
Updating paid sick leave policies for employers in response to the coronavirus outbreak.
DOL’s regular rate of pay rule and how it impact employee benefits