If it were easier for small businesses to band together to offer sponsored retirement plans, would more workers begin saving? The White House is betting so, signing on the eve of Labor Day an executive order aimed at lowering the barriers for small companies to participate in multi-employer plans. “Small business employees don’t deserve to […]
Many companies at one time or another get overtime compliance wrong, at least to some degree. It’s an expensive topic. Liability under federal law for failing to correctly pay overtime comes at the hefty price of all unpaid overtime for two years (three when it’s willful, and even longer under some state laws), multiplied by […]
Fewer Americans lack health insurance — but the gap remains wide, especially in some pro-Trump states. The number of uninsured declined to 28.3 million in the first quarter, down from 29.3 last year — and 48.6 million in 2010, the year the Affordable Care Act was signed into law by then-President Barack Obama, according to […]
The longer people live, the more likely they are to face illnesses that necessitate custodial care either at home, in an assisted-living facility, or in a nursing home. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disability insurance. While the two types of coverage have similar names, […]
The number of companies offering health insurance has ticked up for the first time since 2008, according to new research from the Employee Benefit Research Institute. In 2017, almost 47% of private-sector employers offered health insurance, up from 45.3% in 2016. The percentage has been dropping steadily since 2008, when more than half (56.4%) were […]
While meeting with a client recently, she said something that’s stuck with me. “We need to stop talking about the future of work and start actually taking action,” she said, “because it’s here.” She’s right. We’re at an inflection point with a labor market that’s as tight as it’s been since the Great Recession and […]
Since President Trump took office, a top priority has been to repeal and replace the Affordable Care Act (ACA) and his administration continues its attempts to undermine the law. With midterm elections less than 90 days away, we can expect the ACA will once again take center stage. Much is at stake. The upcoming midterm elections are […]
If you received a wave of “We’ve Updated Our Privacy Policy” e-mails recently, here’s why: California just passed the California Consumer Privacy Act of 2018 affording California residents unprecedented, expansive data privacy rights. While the act, effective Jan. 1, 2020, is broadly applicable to qualifying businesses, employers should pay special attention to their duties under […]
Very important! Not only do they reflect a company’s culture and values but they also communicate important policies and procedures, and can even help shield employers from litigation. Examples of topics that effective employee handbooks cover include: Anti-discrimination policies- Handbooks should include a section on sexual harassment, the Americans with Disabilities Act (ADA), and equal […]
High-deductible health plans are gaining ground on traditional insurance plans, according to a new report from the Centers for Disease Control and Prevention. Over the past 10 years, adults aged 18 – 64 with employment-based coverage have increasingly opted for high-deductible health plans both with and without health savings accounts. The percentage of adults enrolled […]
