In order for small and mid-sized companies to stay relevant and recruit top talent, especially among millennials who are projected to make up 50 percent of the U.S. workforce by 2020, they will need to keep pace with the latest advancements in HR technologies. Employees are increasingly going online to enroll
Noncompliance with COBRA laws could result in astronomical penalties, legal fees, and other expenses. Consider this: A maximum of $110 penalty per affected participant or beneficiary per day from the date the noncompliance started. Personal liability imposed on plan administrators. It is not unheard of for COBRA violations to cost a company thousands
Employee handbooks are an essential part of effective HR management. Handbooks are also an important risk management tool. Since employee handbooks are not required by law, organizations may determine the best method and most effective means to communicate important HR-related information to their employees. An employee handbook should help reduce risk
The use of technology is revolutionizing the way we do business and young professionals have come to expect it. The practical use of technology in the employee benefit space is evolving, and in many ways, millennials are in the driver's seat. With Increased regulation, unsustainable medical cost increases, and an
Please join us for a brief 20 minute webinar on February 4th at 11:30 am. We will be showcasing our technology tools designed to streamline your processes for Benefits Management, Human Resources, and ACA Compliance into one, simple, easy-to-use system. This webinar we will highlight: Employee On-boarding Supervisor Training Online Benefit Enrollment and Cost
Whether you’re a startup or a small to medium business you’ll no doubt already have experienced the dreaded mountain of paperwork that comes with ensuring the smooth running of all your HR processes. If done manually, this paperwork can see you (literally) pulling your hair out, which is where our
Just as many Californians prepare for open enrollment season, the California Office of the Patient Advocate released ratings Wednesday of 10 HMOs, six PPOs and more than 200 medical groups. Read the full LA Times article here.
The 6055 and 6056 tax filing has many employers up in arms for the upcoming tax filing. The increased penalty amounts announced in July are alarming. A single 1095-C form violation could result in a penalty of $500 per form, with no cap if the employer shows intentional disregard —
Small employers - i.e., employers who are not applicable large employers (ALEs) -who reimburse or pay a premium for an individual health insurance policy for an employee should be aware that they may be subject to a $100 per day ($36,500 per year), per employee excise tax. Transition relief from the
The majority of employers have not yet implemented a strategy to comply with new reporting requirements under the Federal health care reform law that took effect earlier this year. According to a recent survey conducted by PricewaterhouseCoopers LLP and Equifax Inc. only 10% of 480 employers surveyed indicated that they already