Each company, regardless of size, employs persons who are essential to the continued success of the business. Key person disability insurance was created to protect the business in the event one of their key members suffers an illness, injury, or accident resulting in a disability. Investors, stakeholders, and business owners are able to continue operations and manage finances without major disruption.
While the number of employed persons with disabilities is low (only about one-third of people with disabilities are employed), growth through 2022 is expected. This is a compelling reason for employers to lay the right groundwork for a process around reasonable accommodation requests.
The US Department of Labor hosted a webinar on the Wage and Hour Division PAID Program. The webinar covers details about the PAID self-audit program, program benefits, and how the program works. Employee benefits, for example, include no attorneys’ fees, no litigation expense or delay, and freedom to decide whether or not to accept the settlement. Employer benefits include resolution outside of litigation, no liquidated damages, and no civil money penalties. Check out the full webinar here: https://www.youtube.com/watch?v=ENX2Q_9VArs
If you're in the construction industry, you probably know this has been a good year for growth. In fact, the first three months of 2018 showed a four percent increase in construction projects when compared to 2017. But what about your construction business? Has your construction firm been around for several years but still isn't growing? Then, it may be time to expand your company.
As the owner of a rapidly growing business, you may find that it's hard to keep up with everything yourself. From the daily operations to your Human Resources management, it can be a lot to handle. And, since your expertise is in the business operations, you may not have the specific expertise necessary for your HR and benefits management efforts to truly thrive. That's where a Professional Employer Organization, or PEO, can help. Here's a look at the top five reasons why you should work with a PEO for managing your benefits and related HR tasks.