Plummeting unemployment insurance funds and rising state debt will likely trigger a “solvency tax” on many Michigan employers beginning in January, the Michigan Unemployment Insurance Agency (UIA) said.
Employee Benefits Program
A strong employee benefits program – including low-cost employee incentives, employee recognition programs, and employee appreciation programs – can help you improve morale and retention.
We provide employee appreciation day ideas, help you with employee retention strategies and employee benefits management
The number of new unemployment benefits claims filed nationwide increased by 32,000 in late September, a spike at least partially attributable to layoffs that followed hurricanes Gustav and Ike. That brought total late September unemployment claims to 493,000.
Lawyers are always looking for novel ways to sue on behalf of employees. One such recent attempt involves trying to apply the RICO Act—originally meant to combat organized crime—against employers. If successful, such lawsuits could result in more than lost dollars: Managers and supervisors could go to jail.
Q. Can an injured worker obtain both workers’ compensation benefits and Social Security disability benefits at the same time? ...
Companies that self-administer their ERISA benefits plans, take note: Because your benefits decisions carry an implied conflict of interest (since rejecting a request for benefits such as retirement or payment of a medical bill means spending fewer company assets), courts expect your decisions to be transparent and based on good documentation.
Q. Our company is about to have a layoff. Are we required to pay severance to the employees we lay off? ...
Q. We have an employee in our manufacturing facility who has brought numerous workers’ compensation claims. This has cost us a lot of money. Do we have to continue to employ this person? His position involves a continued risk of physical injury.
Q. I recently was talking with another manager at the company who told me that we had hired an independent contractor to work in our records room doing filing and data storage tasks. We also have employees performing that job. Could that cause any problems?
In response to damage caused by Hurricane Ike, the IRS, the U.S. Department of Labor’s Employee Benefits Security Administration and the Pension Benefit Guaranty Corporation have issued a federal notice allowing leeway for compliance with employee benefits plan requirements.