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Sam Slade of Hilb Most employers are required to post certain federal and state labor law posters in a conspicuous place to inform workers about their rights. But with so many employees working remotely right now, the Department of Labor (DOL) recently issued a bulletin to address when electronic posting may be sufficient. Following are the current posting requirements addressed in the bulletin and how they may be satisfied through electronic means (e.g., on an employee information internal or external website, or shared network drive or file system). ·       Fair Labor Standards Act (...

PHOTO: File With the average cost of tuition and fees for a private college in 2020-21 now at $35,087 and average student loan debt nationally $36,510 per borrower, it’s no surprise that education benefits are an increasingly popular way for companies to appeal to workers. If you’re considering enhancing your benefits package to attract and retain employees, here are three options to consider. Employer-Sponsored 529 Plan: You can offer a 529 savings plan for your employees that gives them the opportunity to open an account and fund it directly through automatic payroll deductions. With a ...

Monday, January 11, 2021   View Larger + With 4 in 10 insured adults reporting they’ve received a surprise medical bill, provisions in the recently passed economic relief package designed to protect patients from being billed for amounts their insurance company didn’t cover when using an out-of-network provider are a welcome relief to employees and employers alike. The law goes into effect in 2022 and, once it does, patients won’t be billed any more when using a non-network provider than what they would normally pay for in-network services at an ER or hospital. In these situations, peo...

Sam Slade of Hilb With calendar-year benefit plans starting January 1, the start of the New Year marks a good time to commit to optimizing your benefit program with 10 achievable goals.  1. Benchmark benefits, plans, and contributions: Rather than simply renewing your plans every year, be proactive and see how your offerings stack up and work towards implementing changes that will bring your benefits up to par. 2. Research competitors’ benefits: Part of your benchmarking effort should involve seeing what other companies in your industry are offering to identify opportunities to enhance you...