A short- and long-term disability-income protection plan kicks in the very day an employee starts work at Snagajob.com in Richmond, Va.
The company pays 100% of the insurance, which lets employees receive 60% of their salary while on disability leave.
The short-term policy starts to pay on the 15th day of leave. Long-term disability coverage, which pays 60% of an employee’s salary up to $6,000 a month, takes over after 90 days.
“We’re kind of a small company and that makes it more unique because we tried to put together a collection of benefits that we believe provides employees with protection when they need it so they don’t have to worry about unforeseen circumstances happening,” Chief People Officer Greg Moyer said. “We want them to have peace of mind that they are taken care of.”
Just a handful of Snagajob.com’s 115 employees have used short-term disability income protection, mostly for . Employees are eligible for short-term leave for as long as a doctor says they should be out of work, Moyer said.
Moyer says the benefit helps retain employees.
Contact: Greg Moyer at email@example.com.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Philadelphia law firm faces sex discrimination suit
- HR law 101: Always follow up with employee who has filed internal discrimination complaint
- Hiring independent contractor? Be prepared to document that he's not an employee
- Good news: Properly worded arbitration agreement valid in California