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Information tables can be staffed with subject matter experts, such as investment advisors, insurance professionals or health club representatives. Some workers may automatically assume they can’t afford benefits. What does their short-term disabilityinsurance cover? How does a flexible spending account work?
This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disabilityinsurance 2. Workers’ compensation coverage and claim resolution Specialists will guide you through the process surrounding work-related injuries, including monitoring claims and assisting injured workers’ return to work.
Their co-workers’ perception may be that they’re being anti-social or cheap, when in fact the employee is just not comfortable sharing their money struggles and personal business. Offer disabilityinsurance for added peace of mind. Plus, when their short-term disabilityinsurance runs out, long-term will kick in if they need it.
For all the speculation about what the future of work will be like, one could argue that “the future of work” is already here – it actually began in mid-March 2020 when workers around the world were sent home by their employers to slow the spread of COVID-19. Independent contractors, or any temp worker, can be difficult to retain.
million hourly workers. Many non-hourly employees will also see at least an indirect benefit from the statewide increase that applies to most workers. Raising and aggressively enforcing the minimum wage signals to employers and workers alike that New Jersey values its workforce,” said Labor Commissioner Robert Asaro-Angelo.
These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disabilityinsurance Life insuranceWorkers’ compensation Unemployment insurance.
Although it isn’t a kind of insurance your employees will need to get for themselves, be sure they understand how workers’ compensation insurance works and when they may qualify for it. Finally, the last kind of insurance your employees may want to consider is disabilityinsurance.
During the pandemic, many workers dropped out of the workforce entirely and still have not returned in large enough numbers – particularly women, in what has become known as the SHEcession. Today’s workers want: A role that is meaningful at a personal and company level. Dental insurance. Vision insurance. Life insurance.
This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. Learn how to simplify the process: Download The Small Business Guide To Payroll today. Workers’ Compensation insurance.
Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insuranceDisabilityinsuranceWorkers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred.
It’s important to educate employees on how long-term care and long-term disabilityinsurance differ from each other. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disabilityinsurance. Rates may increase only by a class action that is approved by state insurance regulators.
Assemblywoman Dawn Fantasia filed the legislation to institute additional workers' compensation supplemental benefits on June 13, 2024, and Assemblyman Inganamort co-sponsored it. Benefit amount is reduced by some Social Security benefits and employer disability pensions. The increase is designed to keep pace with inflation (COLA).
It’s important to educate employees on how long-term care and long-term disabilityinsurance differ from each other. So it stands to reason that there’s a resurgence of interest in long-term care and long-term disabilityinsurance. Rates may increase only by a class action that is approved by state insurance regulators.
These benefits offer employees a great deal of peace of mind: Life insurance , provides a set payment to the employee’s beneficiaries in the event of their death. Disabilityinsurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.
Independent contractors, or any temp worker, can be difficult to retain. They are more disconnected from your workplace culture and lack the sense of loyalty and long-term investment in your company’s success that a full-time worker would have. However, there are some drawbacks.
Changes within the Department of Government Efficiency (DOGE) could have negative economic repercussions for states that rely on a loophole that allows workers' compensation insurance carriers to benefit from Social Security Disability payments through reverse offsets. DOGE Changes: Workers' Comp Costs Rise?,
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