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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

How does it affect benefit eligibility? Even though the words furlough, layoff, and reduction in force are used interchangeably, their true meanings are quite different. Be prepared to answer employee questions, or amend your plans, before making an announcement about unpaid time off. Furlough Furlough requires employees to work fewer hours or take a certain …

Continue reading “Furlough, Layoff and Reduction in Force? What’s my best option?”