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Compensation & Benefits

New law requires paid-leave recordkeeping

03/26/2020
Effective April 2, employers that may never have had to worry about the FMLA because they don’t have enough employees will have to become family-leave experts in a hurry. And all employers will have to figure out how to manage a new paid-leave benefit.

How employers will recoup FFCRA paid leave

03/26/2020
The Families First Coronavirus Response Act is true to its name: families get the benefit of the law first. The law requires employers to provide paid leave and pay for it up front. Then, it establishes tax credits that let employers recoup those costs after they have been paid out.

Coronavirus: Good news for hourly workers’ pay

03/24/2020
A new survey by Willis Towers Watson finds that most employers will continue to pay hourly workers who test positive for the virus (72%), whose workplace experiences a mandated closure (54%) or who have a cold or flu-like symptoms and voluntarily stay home (51%).

18% of Americans losing jobs or income due to coronavirus

03/19/2020
A new poll finds that 18% of American workers have either lost their jobs or had their hours and thus their pay reduced because of the coronavirus pandemic.

Get ready for more failure-to-promote suits

03/19/2020
The coming months look like they will bring hard economic times, which probably means we will see an increase in employee lawsuits. One unique risk to watch out for: failure-to-promote litigation.

Shorter workweeks may lessen virus exposure

03/19/2020
With social distancing becoming part of our new normal, a workplace practice that began emerging even before the coronavirus crisis hit has gained new urgency. Shorter workweeks were already trending as an employee-relations perk. Now a four-day workweek could become an important shift-management strategy

Emergency law grants paid sick, FMLA leave

03/19/2020
Many employees affected by the coronavirus pandemic will be eligible for paid sick leave and some will be able to take paid FMLA leave under legislation signed into law March 18.

Consequences be damned! Most of us use flex benefits

03/17/2020
Most white-collar workers take advantage of flexible work opportunities even though they worry it might harm their careers, according to a new study by the Deloitte consulting firm.

IRS says employers can expand COVID-19 coverage with HSAs

03/17/2020
If you offer a high deductible health insurance plan compatible with a tax sheltered Health Savings Account, you know that the plan and the employees who use it face tight Internal Revenue Service restrictions on how much employees must pay before full insurance coverage kicks in. Fortunately, the IRS has moved quickly to address COVID-19 cover-age through HSAs.

Snapshot: Does your company have a formal compensation strategy?

03/17/2020
Less than one-third of employers have a formal compensation strategy, but more are working to develop one.