Between 2013 and 2023, healthcare costs in the U.S. increased by 43 percent. More recently (and locally), the New York Department of Financial Services announced a 13% average hike for small group rates. We’ve all felt it for a while, but the numbers confirm: rising healthcare costs is the new normal. And if that’s the […]
Read the Article
Employee turnover is more than just an inconvenience—it’s a major financial burden for businesses. According to Indeed, replacing an employee can cost one-half to two times their annual salary, depending on factors like experience level and industry. These costs stem from multiple factors, including: Recruiting and Hiring Costs: Expenses related to job advertising, recruitment efforts, […]
Read the Article
Does running your small business feel like juggling while walking a tightrope? You’re constantly balancing growth initiatives, daily operations, and administrative responsibilities without a safety net. As a business owner, managing human resources tasks can become particularly challenging, consuming valuable time you could spend on strategic planning and business development. Professional Employer Organizations (PEOs) offer […]
Read the Article
Are you dreading the upcoming benefit renewal season? If you’re like most small-to-medium-sized business (SMB) owners, the annual process of reviewing, selecting, and implementing employee benefits feels like playing a high-stakes game of Jenga with your company’s benefit structure. Every year, SMBs face a plethora of challenges during renewal time: Sifting through an overwhelming array […]
Read the Article
Wage and hour issues are some of the most frequent, expensive, and challenging employer compliance problems. In order to withstand a Department of Labor Wage and Hour Division investigation, compliant wage practices and classifications are your first and best defense. From wage concepts such as minimum wage and overtime to relevant state and federal wage […]
Read the Article
We’ve been answering many questions from our clients and their employees regarding COVID-19 vaccinations and the rights employees have when deciding whether or not to get vaccinated. In order to address these questions and more, we’ve prepared this advisory for you and your employees. Can an employer require an employee to be vaccinated against COVID-19? […]
Read the Article
There are many employment regulations that are required both in New York state and by federal law. Failure to comply with these regulations can lead to significant financial penalties, attorney fees, and time working through the courts. Well-defined policies and practices, on the other hand, help to minimize costs, time, and potential future government audits. […]
Read the Article
Exploring the Families First Coronavirus Response Act and New York State Paid Sick Leave The Families First Coronavirus Response Act known as the FFCRA, which required employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19, ended on December 31, 2020. The FFCRA had provided […]
Read the Article
