Navigating Benefit Changes During Covid-19
Where do we go from here? As employers begin to bring back employees into the workforce, Superior Benefit Specialists, LLC, is here to help you navigate through the process. Never before has providing benefit packages been more critical to keep a talented and capable workforce. Our team of experienced professionals are here to listen to your specific needs, evaluate your financial goals, and determine the best provider available to meet your expectations. We understand the challenges of maintaining a strong workforce as well as complying with complex new requirements from the legislation. Our professional and knowledgeable team can provide pertinent information regarding rehire rule changes, reevaluate current benefit packages, and craft specific packages to match your business philosophy. Superior Benefit Specialists can also assist with the confusing rules of the Paycheck Protection Program and guide you step-by-step toward loan forgiveness by including your health care benefits package and sick leave pay as part of your payroll.
The complex legislation changes implemented during this unprecedented time demand all businesses to reevaluate health care benefit packages to retain employees, and comply with new regulations. As many of you know, policy change is happening rapidly. According to the Department of Labor, the Families First Coronavirus Response Act (FFCRA) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) administers and enforces the new law’s paid leave requirements. These provisions will apply from the effective date through December 31, 2020.
Superior Benefit Specialists have been following these changes and are prepared to help you create individualized benefit packages tailored to your specific company needs. In uncertain times like these, you can count on our team to lead the way to transition to the next phase seamlessly
Posted on Jun 17th, 2020