Employment practices liability insurance, or EPLI, is a certain kind of specialized insurance that serves the purpose of safeguarding businesses that are facing various types of employment-related claims. According to information available on the Insurance Information Institute’s website, it is noted that “some insurers provide this...
Individual Coverage Health Reimbursement Arrangements (ICHRAs) first became available in 2021. ICHRAs allow employers to reimburse employees for individual health insurance coverage (or Medicare coverage) that employees obtain on their own. ICHRAs provide employers with an alternative to offering traditional group health insurance coverage to...
Since 2005, remote work has soared 173%, according to 2018 data from American Community Service. Whether you recently adopted this remote work model because of the pandemic or have been utilizing it for years, you should know your wage-and-hour responsibilities. FLSA Rules for Remote Nonexempt Employees ...
Seasonal employment is commonplace in service-oriented industries such as retail and hospitality, where business tends to spike during certain times of the year. Other employers can utilize seasonal employment as needed. Either way, employers that hire seasonal employees must comply with employment laws. The first step...
Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers to employment. According to the Department of Labor, "Each year, employers claim over $1 billion...
Research shows a strong link between employee recognition and retention. These studies found that recognition programs can increase employee morale, productivity and organizational commitment. As a result, employers are increasingly adopting recognition programs, which include awards such as plaques and trophies. Recognition awards are typically given to employees...
There are certain documents all people should keep in an important place for future reference, such as a birth certificate, a social security card, or a last will and testament. For ministers, there are a few other important documents that should be retained and kept...
Employers have free rein to determine how much vacation to offer, who is eligible, how vacation time accrues, when vacation may be used and so on, as long as they check state regulations. However, with paid time off, or PTO, you may pay your employees...
In the National Payroll Week 2020 survey, 59.99% of respondents say they are "very certain" their payroll withholding and take-home pay are correct each payday. This leaves 40.1% who are not very certain — and that's a problem, because you want your employees to be...
A tax credit for small-employer pension plan startup costs may be awaiting you. You may be able to claim a tax credit of up to $5,000 when you set up an SEP or a SIMPLE IRA or a qualified plan such as a 401(k). You...