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Benefit Enhancements OTC Pre-Tax Reimbursement Over-the-Counter Prescriptions (OTC) no longer need a physician’s prescription. This applies to Flexible Spending plans (FSA) or Health Saving Accounts (HSA). It can be retroactively applied on 1/1/2020. Adopting this will require adjustments to your Section 125 plan documents. If you are not familiar with a Section 125 document (they …

Continue reading “How Does the CARES Act Enhances My Benefits?”

Coronavirus Aid, Relief, and Economic Security (CARES) Act How does this law help my business? Expert Summary from the VantagePoint Team: While all the details are not out yet, we wanted to get this in your hands as soon as possible. Here is a summary of the programs

What is the impact on employee contributions, unemployment and employer obligation to pay? Insider Pro-Tips from the VantagePoint Team: Employee Contributions: Q:) If employee contributions are taken from pay to cover a portion of insurance premiums plans, how will this money be collected

Common Challenges for a Small Business It is a challenge to know which benefits plans are required for a small business and what benefits employees actually expect. Adding to the challenge, states have different requirements that are mandatory for employers of different sizes. Small businesses should work with a professional organization that can help them …

Continue reading “Small Business Employee Benefits – All You Need to Know”

Most employers are in the middle of their re-enrollment period right now, one of the busiest times of the year for HR departments. It is important to understand what other companies are offering in the competition for talent in order to help you recruit and retain the best. In this article, you’ll find the most …

Continue reading “Employee Benefits Trends for 2020”

In today’s workplace, paid time off (PTO) has become more than just a perk—it’s an essential part of a healthy work-life balance. Rather than separating vacation days from sick leave, many companies now offer a combined PTO policy, giving employees one bank of time to use however they need. Whether it’s for a much-needed vacation, …

Continue reading “Paid Time Off (PTO) Policies – All You Need to Know”

How do smaller employers compete with large companies that seem to be able to offer high salaries and a wide variety of benefits? All companies, no matter how big or small should design employee benefits packages that will appeal to their employee population and target the employment market. There are endless options when it comes …

Continue reading “Best Employee Benefits Packages: What You Need to Know”

Burnout is becoming more common in the workplace. The World Health Organization has classified burnout as an occupational phenomenon, but more research is needed at this time to determine how burnout impacts employees’ mental health and well-being. While burnout can impact anyone in the workplace, millennials (those who were born between 1981 and 1996) were …

Continue reading “What is Millennial Burnout Syndrome?”

Being an entrepreneur in today’s world is an act of courage, determination and strong leadership. Supporting those who choose to overcome the obstacles of building a new business from scratch is an inspirational journey, especially if we are talking about the financial part of a business, like payroll solutions, benefits administration or HR trends. When …

Continue reading “Next Gen Summit 2019 – HR Trends for Aspiring Entrepreneurs”

Update 2020: Harassment Prevention Training – US Legal Requirements Harassment prevention continues to be an important topic in 2020. California, Connecticut, Delaware, District of Columbia, Illinois, Maine, New York City, and New York State, all currently have sexual harassment prevention training initiatives and we anticipate that other states and cities will implement requirements moving forward. …

Continue reading “Sexual Harassment Prevention Training for Companies and Employees”