by admin | Aug 8, 2019 | Benefit Management, Human Resources
Volunteering Time Off, or VTO, has become a buzz topic for many companies as of late. It involves encouraging employees to take time off from their job to plug in to their community and the nonprofits that support it. Let’s delve in deeper to understand what VTO looks like.
- Typical VTO policies allot for 8 hours of paid time off to volunteer each year.
- Just like Paid Time Off (PTO), VTO usually requires advance notice to the employer and approval for time away from the business.
- Studies have shown that VTO boosts employee engagement and retention.
- Millennials state they are attracted to companies who offer VTO.
- VTO builds loyalty and pride for a company with its employees.
- A recent Society for Human Resource Management (SHRM) study states 20% of its respondents now offer volunteering benefits as part of their employee benefits package.
As you look for ways to engage with your employees through VTO, take a look at these resources:
- VolunteerMatch.org—This website makes the business-to-nonprofit connection possible. Nonprofits post projects and jobs they need assistance with and then the company builds its team to help.
- Volunteering Is CSR—An arm of Volunteer Match, this blog is for business leaders to educate themselves on best practices and case studies.
- CatchAFire.org—This site connects professionals with nonprofits using their specific skill sets.
- PointsofLight.org—Founded by President George H.W. Bush, this group offers toolkits to businesses and nonprofits to maximize volunteering efforts as well as offers products to maximize those efforts.
by admin | Jul 30, 2019 | Employee Benefits, Human Resources
Question: Should we include holidays, PTO, vacation, or other leave taken during the workweek in calculating overtime premium pay under FLSA rules?
Answer: No. Because holiday, PTO, and vacation hours are not actually hours worked they do not count towards overtime pay.
Under the Fair Labor Standards Act (FLSA), an employer who requires or permits an employee to work overtime is generally required to pay the employee premium pay for such overtime work. Unless specifically exempted, employees covered by the FLSA must receive overtime pay for hours worked in excess of 40 in a workweek at a rate not less than time and one-half their regular rates of pay. The key consideration for premium pay under the FLSA is whether or not the employee actually works more than 40 hours in the workweek, not just that he or she is paid for more than 40 hours in the workweek.
For example, an employee is off work for one day for a company-paid holiday and takes the next day as a paid vacation day. He then works 10 hours for the next three days of the workweek. Under the FLSA, he would be paid straight time at his regular rate for the 46 hours recorded for that week as follows: 8 hours of holiday pay + 8 hours of vacation pay + 30 hours of regular pay for time worked = 46 hours at his regular pay rate.
Employers should also check state laws for overtime requirements regarding holiday and vacation time.
Originally posted on thinkhr.com
by admin | Jul 23, 2019 | Health & Wellness, Hot Topics
Growing up can be tough. The challenges of school, relationships with friends, sports and other activities can be stressful for children. Peer pressure, along with what they see and hear daily via social media, TV, movies and video games, can cause them to stress out about how they look. Comparing themselves with their friends—or, worse, with supermodels, movie stars, or pro athletes—can then lead to a negative body image.
- An obsession with their size, shape, weight, and muscles (or lack there of)
- Spending time looking in the mirror looking for and pointing out flaws they think they see
- Talking negatively about themselves
- Constantly looking for ways to improve their looks
- Comparing themselves with others
If you know a child who’s struggling with their body image, here are some things you can do to help:
- Start a discussion about body image.
- Talk about the messages we get through media.
- Try to avoid using judgmental terms like “fat” or “skinny.”
- Stress the importance of healthy eating and physical activity.
- Support their efforts and praise achievements.
- Set a good example
If you think there’s a serious problem
When a child or adolescent has serious issues about the way they see themselves, it can lead to depression, negative behaviors, and eating disorders. Watch for these signs:
- Skipping meals, fasting, constant dieting, or binge eating
- Obsessive exercise/weight training
- Using diet pills or laxatives for losing weight or growth hormones for developing muscle mass
If you think your child has or may have an eating disorder or other serious body image issue, talk to a doctor or health care professional. Getting the right treatment can make all the difference.
By Bill Olson
Originally posted on ubabenefits.com
by admin | Jul 16, 2019 | ACA, Medicare
The Centers for Medicare and Medicaid Services (CMS) published its final rule and fact sheet for benefit payment and parameters for 2020. Although the final rule primarily affects the individual market and the Exchanges, the final rule addresses the following topics that may impact employer-sponsored group health plans:
- The 2020 maximum annual limitation on cost sharing is $8,150 for self-only coverage and $16,300 for other-than-self-only coverage.
- For fully insured plans, any indication of a reduction in the generosity of a benefit for individuals that is not based on clinically indicated, reasonable medical management practices is potentially discriminatory.
- Amounts paid toward cost sharing using direct support by drug manufacturers (for example, coupons) to insured patients to reduce or eliminate immediate out-of-pocket costs for specific prescription brand drugs that have a generic equivalent are not required to be counted toward the annual limitation on cost sharing.
- Federally Facilitated Small Business Health Options Programs (FF-SHOPs) may operate a toll-free hotline rather than a more robust call center.
The final rule is effective on June 24, 2019. The final rule generally applies to plan years beginning on or after January 1, 2020.
By Karen Hsu
Originally posted by ubabenefits.com
by admin | Jul 11, 2019 | Employee Benefits, Group Benefit Plans
Recently, the “Happiest Place on Earth” wasn’t living up to its name for many families. For almost a full year, malicious software had been installed on point-of-sale systems at several Earl Enterprises restaurants. This software then captured debit and credit card numbers, expiration dates, and cardholder names of users purchasing food at these venues. Identity theft has become too commonplace in our day and age and we need to become better educated on where we are most likely to encounter threats as well as ways to avoid becoming victims.
How many people are truly affected by identity theft? According to IdentityForce.com, here are some basic numbers:
- In 2017, 6.64 percent of consumers became victims of identity fraud, or about 1 in 15 people
- That equals 16.7 million victims last year, an increase of 1 million from 2016
- Over 1 million children in the U.S. were victims of identity theft in 2017, costing families $540 million in out-of-pocket expenses
- There’s a new victim of identity theft every 2 seconds
- Identity theft is one of the most common consequences of data breaches, as 31.7 percent of breach victims experienced ID theft
- There were 1,579 data breaches exposing 179 million records last year
- It takes most victims of identity theft 3 months to find out what’s happening, but 16 percent don’t find out for 3 years
How do you protect yourself from identity theft? Experts agree that there are several basic steps to take to help prevent theft from happening.
CHANGE PASSWORDS REGULARLY
If you are anything like me, you frequently forget the passwords you have for the numerous online accounts you manage. One way to manage those passwords, and help you remember to change them, is an online password manager like LastPass. Enter the passwords into this secure account and then you’ll just need to remember one password to access them all. Was there a security breach at your gym? Just log on to LastPass and in one click, you can have a new password for your account and can go along with your day.
AVOID PUTTING PERSONAL INFO ON SOCIAL MEDIA
In an era of “over-sharing” you must be cautious about giving away personal information on your social media accounts. Thieves are smart and can mine your accounts for information. When you post about being out on vacation, you open the door for thieves to come rob your home. The same holds true for identity theft. Be careful about posting sensitive information online like maiden name, age, birthday—even your high school! All it takes is one crafty thief to take the background info you’ve posted on social media and open a new credit card in your name. Use caution when you share this sensitive information online.
CHECK YOUR ACCOUNTS REGULARLY
Gone are the days of getting a bank statement in the mail every month that you reconcile with your checking account ledger. With almost all of our banking transactions occurring online, many people never check the detailed statements for their accounts. This is exactly what the identity thieves want to happen. Check your bank statements for transactions you didn’t make, medical bills for care you didn’t receive, and credit card statements for cards you do not have. Also, make it a practice to check each of your three credit reports at least once a year—and the best part is that this is free for you to use!
ID THEFT INSURANCE
One last way to protect yourself against identity theft is to enroll in ID Theft Insurance. While ID Theft Insurance does not protect against the actual monetary theft, it does cover the costs you, as the victim, will incur while rebuilding your identity. The coverage may include:
- Phone call and photocopying charges
- Postage fees for mailing documents
- Salary loss due to uncompensated time away from work while repairing one’s identity
- Legal fees
- Access to a fraud specialist who can assist in restoring good credit and protecting one’s identity again
- Help with preparing documents, filing police reports and creating a fraud victim affidavit
Taking these steps will help protect you and your family from identity theft. While it doesn’t guarantee you will be protected all the time, it does make it harder for the thieves to gain access to your protected information—and this can make your identity stay in a happy place—with you!
