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Health insurance is often the biggest-ticket item in any company’s benefits package, and the cost of health insurance rises on average each year , historically. Companies spend a lot of money, time and effort to make their benefits competitive and provide quality group health insurance plans to employees.
In this article, we will: Provide links to federal guidelines on the topic Consider possible pros and cons of requiring vaccines for employees Outline four common approaches Explore exceptions employees may seek to vaccination mandates Identify five potential legal issues related to the topic. Incentivizing vaccines.
If your military employee deploys for weeks or even months, your company is legally required to hold their job for them for the duration of the deployment. Communicate this to the rest of the team to avoid any misunderstandings or resentment stemming from lack of knowledge. Communicate about deployment and return dates.
Everyone wants less expensive benefits and insurance (and without having to scale back on coverage). No matter what, you must commit to open communication , transparency and active listening with employees. Employers may tend to focus mainly on hard costs when evaluating business efficiencies and savings.
Essential elements of the return-to-work process: Communicate the process and all expectations in writing to the employee at a designated time before they’re expected to return. Ensure compliance with all relevant HR documentation and legal requirements. However, the return-to-work process certainly could be its own policy.
Their benefits include: Healthier employees, which can help companies contain health insurance costs Less absenteeism and, therefore, greater productivity Higher morale A sense among employees that their employer cares about them in a holistic manner – beyond their functional role at work – which can strengthen loyalty and improve retention.
The legal liability for data breaches and failure to comply with data privacy laws can incur prohibitive costs, including fines and penalties. Communicate the company’s data security policy across the organization. Contact your company’s insurance provider, if you have cyber liability Insurance.
The upside of a severance package is that it affords your organization some legal protections. Work with your legal representatives to ensure your severance agreement language is in full compliance with the states where you operate and where your employees work. The reason to not offer severance pay is usually financial.
For instance: Relationship and marriage issues Parenting and family issues Grief resulting from the loss of a loved one Stress management Emotional distress or trauma Financial issues Legal issues Wellness and nutrition Workplace changes Substance abuse. Communicating with your staff about an employee assistance program.
Long ago, child labor was common and legal. At the turn of the last century, workers had few legal protections from wage theft or unsafe working conditions. Some states have legalized only medical use, while others have decriminalized or legalized recreational use. gathered for insurance purposes, for example.
When and how should you communicate with them? Here are some guidelines for effective communication with employees on leave to sustain your relationship and maintain a good employee experience. There are no legal requirements to keep in touch with workers while they’re out on leave. Some ways to do this include: 1.
A history of working in these various legal and regulatory environments is ideal. How do you communicate with your clients? Do you carry employment practices liability insurance (EPLI)? Is the plan fully insured, or self-funded? If it isn’t, the PEO may not be able to provide insurance to employees in that state.
While the rules vary from state to state, there’s one consistent underlying theme: To qualify for unemployment insurance, employees must have lost their jobs through no fault of their own. Unemployment claims chip away at your bottom line — racking up charges to your unemployment insurance account and increasing your tax rate. (An
You’ll also need to factor in workers’ compensation , should an on-the-job injury occur, or unemployment insurance, if you have to lay off employees. To learn more about the legal considerations of hiring part-time employees compared to full-time employees, download our free e-book, Employment Law: Are you putting your business at risk?
You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. It’s crucial to stay on top of what it takes to stay in compliance to reduce legal liability. Costs associated with inefficiency. Stymied growth.
Failure to follow this step may lead to a data disclosure and legal action. Obtain cybersecurity insurance to mitigate the effects of a cyberattack on your company. Because of this, companies rely heavily on the software, platforms and systems that enable working from home and communicating online. now telecommute from home.
Pave the way for a sturdy, comprehensive and legally sound employee handbook that fits your organization’s needs by including these six essential documents. Communications Policy. With more ways than ever to communicate – written letters, text messages, emails, instant messages, social media sites, etc. Code of Conduct.
Legal Guide for Starting & Running a Small Business (18th ed.) By Stephen Fishman Publisher: Nolo This new edition, updated to reflect recent changes to the law, now includes some best practices for how to run your business and handle legal issues relating to insurance, employees and more. The P.A.I.D.
Professional expenses such as licensing fees, insurance, and membership dues can add up fast. You’ll also need to buy computers, printers, phones, a scanner, dictation recorders, legal software, and client relationship management software. 3: Outsourcing client communication Don’t need (or want) a full-time receptionist just yet?
HR service providers will have well-crafted, legally tested policy recommendations that can be customized for your business. Improving legal compliance and risk management Small business owners have a lot of things to worry about, and staying on top of changing employment laws may not always make it to the top of the list.
A history of working in these various legal and regulatory environments is ideal. How do you communicate with your clients? Do you carry employment practices liability insurance (EPLI)? Is the plan fully insured, or self-funded? If it isn’t, the PEO may not be able to provide insurance to employees in that state.
In Pennsylvania, a group of insurance brokers from B.G. Balmer & Company resigned on the same day in 2003 to start working for another insurance provider – taking about 20 clients along with them. Remember the group of insurance brokers that left Balmer all at once for a competitor in 2003? Legal help.
Small businesses generate less revenue for benefit providers, such as health insurance and retirement services. As a PEO client, you’re no longer solely responsible for employee-related legal issues. And as a client, your business is covered by the PEO’s workers compensation insurance or liability insurance if a foul up should occur.
Some industries, such as legal, insurance, and financial services, have been slower to adapt to remote work, though, often citing concerns around IT security and other issues, pointed out Askins. One of the challenges I’m seeing with the younger workforce is uncertainty around communication norms,” she said.
Because freelancers work with multiple clients, they have to be skilled communicators—whether they’re meeting in person, discussing a project over the phone or clarifying expectations via email. This requires the ability to break down projects into smaller tasks, track a project’s progress and meet deadlines.
Could it make it more productive, safer, legally compliant, better organised, and save that time and money? Why is it that some businesses are still not seeing the value developing all staff, not just those in revenue-generating roles, can bring to the business as a whole. Why is it that they don’t get the spend but others do?
Professional employee handbooks and internal employee communications. A poorly compiled and/or incomplete handbook is not only unprofessional, it can create legal liabilities as well. A co-employer helps monitor compliance and frees business owners from constant vigilance. Workers’ compensation management.
The platform “designates a nurturing relationship that may be biological but is more often what we call a ‘fictive kinship,’ emotionally significant bonds not based on blood or legal ties,” Kenney says. Utilizing established technologies simplifies communication and makes everyone one feel included,” she says. as a for-profit company.
How to offer: Many project management and communication tools like Slack , Trello , and Zoom can help facilitate flexible work arrangements. Health Insurance Health benefits are offered by 58% of companies, making them the most common perk. How to offer: There are many health insurance providers in India.
Some common examples of employment benefits include employee health insurance, paid time off, and employee wellness programs. employee health insurance is a key part of most employee benefits packages, while in France, many employees receive restaurant vouchers for each workday. For example, in the U.S.,
A severance package includes a sum of money, continuation of insurance benefits, unused vacation time or sick days, stock options, assistance in pension plans and finding a new job, etc. Similarly, companies are not legally entitled to offer severance money if they give prior notice of 60 days or more. Consult a lawyer if you need so.
Check out our Finance Hub for useful tips on communication, growth and more year round! If someone takes out a loan on your behalf, but it’s in their name, you are not legally liable for the debt. If you are legally liable, the interest is tax-deductible. Premiums paid for business insurance are deductible.
Instead of email confirmation, opt for a phone call as they are more personal and offer better communication. Set an appointment before joining and getting done with all the essential office legal work and creating office credentials and IDs. There needs to be proper planning to hand out offers and intimating start dates for new hires.
Business Unusual: Hiring & Team Cohesion Diving deeper into staff augmentation, outsourcing, and working with freelancers, Ruby’s Director of Strategic Communications, Katie Hurst, continues her interview with Damien Filiatrault, Founder and CEO of Scalable Path. If you’re a, we have clients who sell insurance.
If you picked up the phone right now and called your internet service provider, your insurance company, or even your local franchise gym, you won’t reach a voicemail. However, for those in the legal, medical, and home service industries, calls can—and often do—come in at any time of the day or night.
I was asked to share my binder with the legal secretaries in my division in our Chicago and Washington, D.C. I’m going to suggest that each secretary in the legal and governance division prepare a similar desk reference manual for their positions.’ ‘The A few initiatives were developed out of the creation of this guide.
Safety Needs – Retirement plans, sick leaves, health and wellness programs, insurance plans, job security. Social Needs – Teamwork, group projects, social gatherings to encourage communication among employees. Communicate and then communicate some more. Use feedback and appraisal programs to recognise them.
A furlough is a temporary layoff — affected employees are still legally employed by their company, but can neither work nor earn money. When you really know your employees as people, rather than merely workers, you know what they value and what style of communication resonates best.
As the world met the pandemic, Farmers Insurance CEO Jeff Dailey created a cross-functional team of leaders from human resources, government affairs, internal and external communications, legal and real estate teams to monitor the COVID-19 situation. This egalitarian approach to is possible with a communication tool.
I supported three actuaries who were developing annuity and insurance products for banks. Thankfully, the company I worked for provided an employee training certification course that introduced all of the principles of insurance, and made sure we could all speak and understand the language. It impacts how we communicate.
It turns out that the cost of our health insurance plan increased, as did the taxes in this region, and that negated any “cost of living” adjustments that were made, leaving me with less net income than before. rents go up, things cost more, taxes have gone up, health insurance rates increase).
During this time, the HR representative will lead the employee through a process that legally exits him from the company and gathers his institutional knowledge for whoever will be filling his shoes. Provide your departing employee with information on his benefits (insurance, 401k, etc.). .
Is this even legal? They cannot legally offer men time off for parenthood that they don’t also offer to women. Employer is raising health insurance costs by 345%. Insurance costs do go up every year, but not by 345%. The company touts their “maternity” leave policy on sustainability reports, etc.
My name is Katie Hurst, and I’m the director of communications at Ruby. But what you’re not considering there is all the other costs if they’re a full-time employee, like health insurance, social security, bonuses, you got to provide them a place to work, and equipment, computer, pay for sick days, pay for vacation. Katie Hurst: Sure.
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