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Consider Apprenticeships for Your Company

Finding qualified job candidates can be frustrating and time-consuming, especially when you’re searching for skilled workers. If this sounds like your situation, it may be time to consider an apprenticeship program. Apprenticeships are growing in popularity across the United States, and with good reason: these programs benefit workers and business owners alike. Employees learn necessary skills while earning a paycheck, and employers develop a staff of qualified workers trained to their specifications. Watch this video on apprenticeship programs. [caption id="" align="alignleft" width="1920"] Apprenticeships[/caption]...

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Paid Family and Medical Leave Tax Credit

A tax credit for wages paid to employees taking FMLA leave may generally be taken by employers who have a written paid family and medical leave policy that: Provides all qualifying full-time employees—employees who have been employed for a year or more and who had compensation of not more than $72,000 in the preceding year—at least 2 weeks of annual paid family and medical leave; Allows all less-than-full-time qualifying employees a commensurate amount of leave on a pro rata basis; Pays at least 50% of the wages normally paid to an employee; and Includes the following language: "[Employer] will not...

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Is Cybersecurity an ERISA Fiduciary Responsibility?

Practice Management Plan sponsors and service providers already take seriously their responsibilities to protect participant data, but where are the lines of responsibilities and accountability in the event of a breach? That was the focus of a workshop at the Plan Sponsor Council of America’s 2019 National Conference in Tampa, FL. The panel – Amy Gordon and Joe Adams, both partners at Winston & Strawn, and Wendy Carter, Vice President and Defined Contribution Director at The Segal Company – acknowledged that: there is no comprehensive federal regulatory scheme governing cybersecurity for retirement plans in the United States; ERISA is silent on data...

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Employers Must Report 2017 and 2018 EEO-1 Pay Data

The Equal Employment Opportunity Commission (EEOC) has announced that employers must report pay data, broken down by race, sex and ethnicity, from 2017 and 2018 payrolls. The pay data reports are due Sept. 30. Employers had been waiting to learn what pay data they would need to file—if any at all—as litigation on the matter ensued. A federal judge initially ordered the EEOC to collect employee pay data for 2018. The National Women's Law Center (NWLC) and other plaintiffs wanted the EEOC to collect two years of data, as the agency was supposed to under a new regulation before the government halted the collection in 2017. Judge...

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State Continuation of Coverage

Our team has updated the Virginia State Continuation Form. As a reminder, employers with under 20 employees are required to provide written notice within 14 days of learning of a covered person’s loss of eligibility under the plan. The covered individual must notify the employer within 60 days of their termination of eligibility if they intend to continue coverage. It is very important that the written notification is provided in a timely manner so the individual can choose to elect within that 60 day window. We have updated the form to clarify the 60 day election period. Continuation shall only be available to an...

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Personal Information Protection in Virginia (VA)

Virginia law imposes duties on employers and others who collect and store personal information. The chart below gives a general overview of these requirements; additional requirements and exceptions may apply. Types of Protected Information Personal information means: The first name (or first initial) and last name in combination with and linked to any unencrypted or unredacted data elements listed below that relate to a Virginia resident: Social Security number; Driver's license number or state i.d. card number; or Financial account number, or credit or debit card number, in combination with any required security code, access code, or password that would permit access to...

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Recruit and Retain: The Power of Voluntary Benefits

As health care costs continue to rise, so has the value of voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Many employers consider expanding their voluntary benefits to compensate for employees’ increasing health care costs. Employees benefit because they have a variety of insurance and other program options conveniently available in one place. Types of Voluntary Benefits A few traditional voluntary offerings include dental, vision, disability, critical illness, life and accident insurance. Non-traditional voluntary benefits may include group legal plans, pet insurance, financial planning, employee discount programs, educational and adoption assistance,...

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Deadline Extended for EEO-1 Filing to May 31, 2019

The Equal Employment Opportunity Commission (EEOC) has extended the deadline for employers to submit EEO-1 Reports for 2018. The reports are now due by May 31, 2019.   What is the EEO-1 Report? The EEO-1 Report is a federally mandated survey that collects workforce data from employers. The data is categorized by race, ethnicity, sex and job category. The EEOC uses this information to enforce federal prohibitions against employment discrimination and discriminatory pay practices.   The EEO-1 Report is an annual survey required under Title VII of the federal Civil Rights Act (Title VII). Under the law, employers with 100 or more employees and...

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