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Building Trust Among Employees Amid the COVID-19 Pandemic

The COVID-19 pandemic has been testing the limits of every organization. It’s tested resilience, it’s tested adaptability and, critically, it’s tested the trust between managers and their employees. When the COVID-19 pandemic began, entire workforces were sent to work from home, regardless of whether they had any experience with the arrangement. This sudden autonomy illuminated … Continued

Mental Health Employee Benefits Trends for 2021

Since the onset of the COVID-19 pandemic, Americans have reported increases in anxiety, depression and thoughts of suicide. The toll that the pandemic takes on mental health increases daily. Before the pandemic, 5% of employed workers reported poor or very poor mental health. Now, 18% of employed workers struggle with mental health issues. The COVID-19 … Continued

BE ALERT: EMPLOYERS ARE SEEING A SPIKE IN PHISHING SCAMS

Phishing emails are a type of scam designed to obtain information or prompt certain behavior from their targets. To that end, they typically appear to come from a person or entity we trust. In most cases, careful inspection will reveal cracks in the façade, little signs that the message is not what it purports to … Continued

Employee Benefit Plan Limits for 2021

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and Transportation fringe benefit plans. The IRS typically announces … Continued

Updating Your Employee Handbook

Handbook policies are increasingly being used by employers to respond to critical events in 2020. BJA Partners recommends ThinkHR in regards to updating your employee handbook. The Value of Policies Policies have always been important to employers. They spell out what’s expected of employees, enable employees to reference key information, and also protect organizations from … Continued

Preparing for an Unprecedented Open Enrollment Period

Open enrollment following the COVID-19 pandemic will be unlike any other in recent memory. Many organizations are still trying to recover from extended closures and maintain safe working environments—open enrollment is the last thing on their minds. Yet, procrastinating on enrollment planning can actually cause more issues than it solves. This article explains what employers … Continued

5 Ways COVID-19 is Reshaping HR

The coronavirus (COVID-19) pandemic has upended the entire world, it seems. With fluctuating infection rates and conflicting official guidance, organizations will need to adapt quickly if they want to succeed in the post-coronavirus landscape. HR teams stand at the forefront of these efforts. For years, HR departments have been tasked with ushering in fundamental workplace … Continued

CARES ACT- SMALL BUSINESS LOAN OVERVIEW

In response to the American economy reeling from the coronavirus (COVID-19) pandemic, the federal government recently signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Among other provisions, the CARES Act provides businesses suffering under the debilitating effects of the pandemic with unprecedented access to emergency loans. This document will serve … Continued

Senate passes $2 trillion Covid-19 relief bill

Senate Passes $2 Trillion Coronavirus Relief Bill Late Wednesday, March 25, 2020—after days of debate—the Senate approved a $2 trillion economic rescue package designed to provide financial assistance to Americans and their families, and billions of dollars in loans for businesses. Voting in the House of Representatives is expected Friday. The package is the largest … Continued

IRS EXTENDS HSA CONTRIBUTION DEADLINE

IRS Extends HSA Contribution Deadline The Internal Revenue Service published a series of questions and answers relating to the delay of the tax filing deadline from April 15, 2020 to July 15, 2020 as provided in IRS Notice 2020-18.   With regard to contributions to an HSA, the IRS stated the following:   “Contributions may be made … Continued

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