Benefits

Blog featured image of staffing industry challenges with healthcare

What challenges the staffing agencies face serving the healthcare industry and how to overcome these challenges?

Quick links Introduction Challenges of serving the healthcare industry 1. High demand and restricted pool of healthcare workers 2. Regulation and compliance 3. Liability issues 4. Lack of adoption of technology Conclusion Introduction The healthcare industry is a major market for the staffing industry. According to the American Staffing Association, the staffing industry generated $153 …

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Big changes to 401(k) Retirement Plans

Big changes are coming to 401(k) Retirement Plans. Are you ready?

Quick links Introduction Raises age to 75 for mandatory withdrawal Automatic enrollment Student loan matching Emergency withdrawals Emergency savings account 529 Plan Changes Savers Credit Extra Catch-up contributions Conclusion Introduction Tucked inside the $1.7 trillion omnibus bill passed by Congress and Signed into law by President Biden on Friday December 23, 2022 are big changes …

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Tasks Should you Complete Related to Payroll at year end

Year End is Here: What Tasks Should you Complete Related to Payroll?

Quick links Introduction Make Sure Your Year End Reporting is Complete When are these reports due? How Can You Help? What to do After Year End Processing?​ Introduction At year-end, small and medium-sized businesses (SMBs) should complete a number of tasks related to payroll to ensure compliance with tax and employment laws and to prepare …

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What Is The Difference Between Federal FMLA And State PFML?

Quick links Introduction What is the difference between FMLA and PFML? How is PFML funded? What are Employee Eligibility Requirements? What types of Employers are Covered? What is the Benefit Amount? Common Features across states for PFML State Family Medical Leave Laws Introduction You may have heard of the federal law FMLA (Family Medical Leave …

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New GIG Workers rules How should Employers respond

How Should Employers Respond To New GIG Workers Rules from DOL?

Quick links Introduction Background​ What Are The New Rules for Gig Workers? What happens next? How Should Employers Respond? Introduction This week the Biden administration announced new rules for classification of Independent Contractors who are an integral part of the Gig economy. The news media coverage would have you believe that the new rules will …

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Best choice for SMBs to offer Cost-Effective employee health insurance is QSEHRA

QSEHRA: Best choice for SMBs to offer Cost-Effective employee health insurance

Quick links Introduction What is a QSEHRA? How can employers offer QSEHRA? Why QSEHRA could be the best choice for SMBs? Conclusion Introduction After payroll, the health insurance premium for the employees is the largest cost for many SMBs. To be able to attract and retain top talent, SMBs have to offer health insurance coverage. …

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Featured Image_Time-Off Policies_How to Create the Perfect Time-Off Plan for Your Employees

Time-Off Policies: How to Create the Perfect Time-Off Plan for Your Employees

Quick links Introduction Company Holidays Paid Time Off – PTO​ Unpaid Sick Days How to keep track of it all? Introduction You want your employees to be fully engaged and work at their full potential. You want them to have the right kind of work life balance so they do not feel burned out. One …

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What can an employer do if an employee paycheck is not enough to cover for a voluntary deduction like Health Insurance Premium?

Quick links Types of Deductions​ Administering Voluntary Deductions like Health premium Conclusion Types of Deductions Employers can make the following three categories of deductions from the employee’s paycheck. Mandated by Law: An example would be wage garnishments like child support Deductions for Employers convenience: An example would be recovery against overpayment, advances paid to the …

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Cost effective health insurance coverage for SMBs

As a small employer, what are your options to offer cost effective health insurance coverage to your employees?

Quick links Introduction Join a PEO QSEHRA Allow employees to purchase insurance in the individual marketplace Conclusion If you are a small business, let us say with less than five employees, you have very few options to offer cost effective health insurance coverage to your employees. The main reason is that Health Insurance Carriers consider …

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How to transition out of a PEO and bring your HR, payroll and benefits in-house?

Quick links Introduction Reasons for wanting to leave your PEO​ Do you have the right team in-house?​ How to leave a PEO and bring your HR, payroll and benefits in-house What to Consider After Leaving the PEO Conclusion Many companies, typically in the earlier stages of their growth cycle, decide to outsource their payroll, HR …

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