Ordinance 31181 – Dallas Businesses Must Provide Employees Paid Sick Pay

The city of Dallas has passed ordinance 31181 on April 24th, 2019 to improve the health, safety, and welfare of employees who work and reside in the city of Dallas. This additional ordinance focuses on “Earned Paid Sick Time” which requires local employers to establish and implement a written paid sick time policy within their employee handbooks.  This added requirement allows employees to take leave for work to take care of themselves or a “close family member”. Furthermore, employees have more flexibility…

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Payroll Outsourcing Costs Businesses Money: 9 Risk Factors to Consider

  I have heard the phrase “price is not everything” many times in my life. I've been told that being cheap often sometimes will “get you what you paid for.” The most profound piece of advice that I received about spending money came from an old man in passing. I was debating if I should save a few dollars and buy some fast food from a drive-through dollar menu or visit a small-town gourmet burger restaurant. The man said to me, “If…

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Save On Employee Health Insurance Costs by Self Insuring

Self Funded Health Insurance Plans Reduce Company Costs We are often led to believe that risk is bad and nothing good can come of it. It's commonly associated with being a victim of identity theft, loss of property, or losing your invested investment portfolio overnight. This kind of thinking ultimately results in thousands of dollars a month to hundreds of thousands of dollars being wasted annually. These companies that I am referencing in this post are all relatively small businesses ranging from…

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11 Reasons Why Businesses Change Payroll Services

What are the factors that cause business owners to change payroll providers? Talking with small business owners about what they like about one payroll company over another varies greatly depending on their individual philosophy, experience and core values. Allow me to list just list a few reasons that cause organizations to switch their payroll software and talk about payroll business solutions business owners value. Let's look at a few key factors that a big deal to everyone: Quality Payroll Price -   Paying…

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Summary of the 2020 Employer Health Benefits Annual Survey

Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. This document summarizes the main points of the 2020 survey and suggests how they could affect employers. Health Insurance Premiums In 2020, the average premium rose by 4% for both single coverage and family coverage. The average premiums were $7,470 and $21,342, respectively. However, premiums for single coverage under high deductible health plans with a savings option (HDHP/SOs) were noticeably lower than the average single coverage premium.…

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SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simple two-page application is for borrowers of $50,000 or less, and is not for use by borrowers who received PPP loans totaling $2 million or more together with their affiliates. This action streamlines the PPP forgiveness process to provide financial and administrative relief to small businesses. The SBA and Treasury have also eased…

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Closing Candidates Who Have Other Job Offers

Hiring can be a time-consuming, costly and stressful process, especially for both large and small businesses. Just when you think you’ve found the perfect candidate, you may be faced with the harsh reality that the candidate has multiple job offers. The hiring process involves getting to know as much as possible about a candidate in a short period of time. It’s important to know the candidate professionally, but also take the time to understand what the candidate is looking to get out…

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Cybercrime and Benefits Plans

According to recent estimates from the University of Maryland, there is a cyberattack every 39 seconds. Data breaches and cyberattacks are daily headlines—and employee benefits plans are no exception to that threat. In fact, employee benefits plans are even more vulnerable as the coronavirus pandemic continues. Organizations and benefits providers are relying heavily on electronic access, ultimately creating new vulnerabilities. The Risks Virtually any type of employee benefits plan is vulnerable to hackers. The plans can be exposed to risks relating to…

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Easing Employee Stress Surrounding Benefits During Uncertain Times

Employers are responsible for educating their employees about the health coverage options they offer. Now, amid massive uncertainty caused by events such as the COVID-19 pandemic, the upcoming presidential election and the impending court case over the constitutionality of the Affordable Care Act (ACA), employees may be more stressed than ever about the status of their employee benefits. That’s why it’s so critical to provide transparent and effective communication to employees about their benefits. Talking to Employees About Stressful Current Events Employees…

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