The U.S. Department of Labor (DOL) has issued new model notices for group health plan administrators to use to comply with COBRA notification requirements, the agency announced on May 1, 2020. Although plan administrators are not required to use the updated model notices, the DOL generally considers their use—with the addition of appropriate plan information—to […]
DOL Issues Updated Model COBRA Notices and New FAQs Read More »
Among other measures aimed at easing student loan burdens during the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) includes a provision that temporarily allows employers to make tax-free payments of up to $5,250 toward their employees’ student loans. Under this provision, employer payments toward their employees’ qualified educational loans between
CARES Act Allows Tax-free Student Loan Assistance Read More »
On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act, which goes into effect on April 2, 2020. The new law imposes sweeping new emergency paid leave and expanded family medical leave requirements for employers nationwide. Here is a summary of the key provisions affecting employers: EMERGENCY PAID SICK LEAVE
COVID-19 Emergency Paid Sick Leave and Family Medical Leave: Key Provisions Read More »
Workplace conflicts are inevitable. Clashing personalities, stressors at work and simply spending large amounts of time with the same group of people can generate conflict. In fact, a recent study revealed that 85% of employees reported dealing with some form of conflict at their workplace. Unresolved workplace conflicts not only negatively impact employee morale, but
Resolving Workplace Conflicts Read More »
Federal law imposes the following jury duty leave requirements on all employers: Employers are prohibited from discharging, threatening to discharge, intimidating, or coercing any permanent employee because of the employee’s jury service in a federal court. Under the Fair Labor Standards Act (FLSA), employers cannot make deductions for absence of an exempt employee due to
Jury Duty Leave Requirements Read More »
Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2020. Although some of the limits will remain the same, most of the limits will increase for
IRS Announces Employee Benefit Plan Limits for 2020 Read More »
High turnover rates can be incredibly costly to an organization, making employee retention vital to success. While established employees can offer valuable insights based on their experiences in the organization, when they leave the organization they take all of that experience with them, forcing resources to be used on finding and training a replacement. The
The Cost of Employee Turnover Read More »
Question: Have the contribution limits of HSA increased for 2020? Answer:
Have the contribution limits of HSA increased for 2020? Read More »
We are experiencing the longest economic expansion in recent history. Springfield’s economy is also strong with unemployment of less than 3%, according to the U.S. Bureau of Labor Statistics. These factors, plus others, are creating a competition for talent many businesses have never experienced. If your business doesn’t have a robust plan for attracting and
Status quo workplace culture puts businesses at risk Read More »
Q: How can I detect and avoid a gender pay gap in my business? A: Nationwide women are paid approximately 80% of what men are paid; 78% in Missouri. Employers can take steps to avoid perpetuating this gap. First, establish a compensation structure including salary ranges for positions; remove inquiries about prior salary from your
How can I detect and avoid a gender pay gap in my business? Read More »
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