Connecticut Adds Mental Health as Reason to Take Paid Sick Leave – Connecticut has amended the state’s paid sick leave law to require employers to allow eligible employees to take time off for mental health. The amendments, which take effect Oct. 1, 2023, also extend family violence and sexual assault leave to parents of victims. Read more: Connecticut Legal Update
Employco in the News
HR Newsletter: Supreme Court Hands Down Several Decisions
The U.S. Supreme Court issued several consequential decisions addressing religious accommodations, the Biden administration’s student debt relief plan, and affirmative action as its most recent term ends. These cases’ rulings will likely have major impacts on employers, altering established labor and employment laws and workplace practices. The below article provides additional information regarding these decisions.
HR Newsletter: Major Health Insurers Warn of Increased Medical Costs
Major health insurers UnitedHealth and Humana are warning about a jump in medical costs this year due to higher-than-anticipated demand for surgeries and other medical procedures. Insurers have benefited from nonurgent surgery delays during the COVID-19 pandemic and hospital staffing shortages. In fact, some individuals, especially older adults, put off elective procedures during the height of the pandemic. As care patterns continue shifting back to pre-pandemic norms, many individuals are catching up on their elective care and now opting for procedures.
HR Newsletter: New Offboarding Guide
At some point, an employee will eventually move on from an organization. When that time comes, a well-prepared offboarding process can significantly enhance the efficiency and success of the transition. Offboarding refers to how an organization handles a departing employee—with the ultimate goal of an amicable separation. It can encompass a number of steps to support a smooth employment separation, including finalizing payroll, completing tax paperwork, retrieving company property, terminating access to company systems and files, facilitating knowledge transfers, and maintaining a respectable employer-employee relationship.
HR Newsletter: Content for Your Company Newsletter
Are you looking to start or strengthen a newsletter for your employees? We have an extensive library of employee-facing articles and other content that you can insert into your company newsletters. Our library includes wellness tips, news briefs, videos, infographics, recipes, etc. Topics range from mental health to sunscreen to Ozempic, and many more!
Contact us for more information.
HR Newsletter: Helping Employees Feel Heard
Employees who feel disregarded by their organization are more likely to get frustrated, feel burnt out, and quit. Forbes listed being unheard by supervisors and feeling “overlooked or ignored” as two of the top ten reasons employees leave their jobs. This can devastate employee retention rates, increasing hiring costs and making it challenging for employers to keep talented workers. Conversely, a study by workforce management organization Ultimate Kronos Group (UKG) found that organizations are more likely to perform well financially when employees feel heard, engaged, and have a sense of belonging.
(Food Industry News) Storytelling on Social Media: Engaging Customers, Boosting Revenue
Rick Fazio, Vice President of Sales at Employco, recently had an article featured in the July issue of Food Industry News magazine titled “Storytelling on Social Media: Engaging Customers, Boosting Revenue.” In the article, Rick shares practical strategies for utilizing social media platforms to their fullest potential in the restaurant industry.
Read the full piece here: Food Industry News
You can also check out Employco’s ad here.
Let us know if you have any questions or want more information; we’re here to help!
HR Newsletter: State Legislative Updates
Florida’s New Immigration Law Requires Employers to Use E-Verify: On May 11, 2023, Florida adopted an immigration bill, Senate Bill (SB) 1718. Among other things, this bill will require employers to use the federal E-Verify system (E-Verify) to confirm their employees’ eligibility to work in the United States. SB 1718 becomes effective on July 1, 2023. Read more: Florida Legal Update
HR Newsletter: Minimum Wage Changes for July 2023
Check out our PDF chart below for a list of upcoming minimum wage increases (click the image for the full report):
HR Newsletter: New HSA Limits for 2024
On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year.
These limits include:
2024 | 2023 | |
---|---|---|
Contribution Limit (Individual) | $4,150 | $3,850 |
Contribution Limit (Family) | $8,300 | $7,750 |
Catch-up Contribution (Age 55+) | $1,000 | $1,000 |
HDHP Minimum Deductible (Indiv) | $1,600 | $1,500 |
HDHP Minimum Deductible (Fam) | $3,200 | $3,000 |
Contact us with any questions or needed guidance related to employee benefit plans.