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Employment News

Making Decisions Regarding PPP Loan Disbursements

By Employment News, News

Key Points: Small businesses are starting to receive approval on their Paycheck Protection Program loans. The program is intended to enable rehiring of furloughed workers. Some businesses are using the funds immediately to rehire workers while others are evaluating other options. As businesses start to receive approval on their Paycheck Protection Program (PPP) loans, decisions will need to be made about furloughing or rehiring employees, depending on the business’s needs. The PPP’s Intent The Small…

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Are Hardship Withdrawals from Your Retirement Account a Good Idea Right Now? Experts Say No.

By Employment News, News, Retirement Planning

The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a provision that allows up to $100,000 be withdrawn from a 401(k), IRA or other retirement plan without the 10% early withdrawal penalty that is typically imposed on withdrawals made before the account owner reaches age 59-1/2. Those who decide to use this option can claim a “coronavirus related distribution” (CRD). According to Market Watch, a CRD can be taken by any person who has…

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GDOL Offers Unemployment Claims Tips for Employers

By Employment News, News

In an ongoing effort to keep you informed of the latest labor-related announcements, we wanted to share some information released for employers by the Georgia Department of Labor (GDOL) this week. As the GDOL works to process an unprecedented volume of claims, it offers the following advice for helping them get benefits out to employees as quickly and efficiently as possible. Employer Filed (Partial) Claims All Georgia employers are required to file partial claims online…

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Georgia DOL Completes Process for Adding $600 in Federal Payments to Unemployment Benefits

By Employment News, News

On Thursday, April 2, the U.S. Department of Labor (DOL) held a conference call to discuss the implementation of the CARES (Coronavirus Aid, Relief, and Economic Security) Act. A significant component of the CARES Act is the provision of Federal Pandemic Unemployment Compensation of $600 weekly in addition to regular state benefits. The Georgia DOL has signed all of the necessary agreements to access funding for this program. You can read more about the state’s…

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New FCCRA Provision Allows Some Employers to Recover Leave-Related Payroll Expenses

By Employment News, News

The news flowing about approved and pending legislation related to the Coronavirus is monumental and complex to interpret. In addition to the legal briefs that we shared with you on Friday, more information has come to our attention that you need to consider when evaluating leave requests from staff. Please read: U.S. Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly…

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Understanding How to Complete the New W-4 Form

By Employment News, Hiring, News, Payroll, Recordkeeping

The IRS introduced a new W-4 form effective January 1, 2020 that eliminated withholding allowances. The form was redesigned to allow taxpayers to make their own calculations, especially when taking into account multiple sources of income. Employees who have furnished Form W-4 in any year before 2020 are not required to furnish a new form merely because of the redesign. However, with many employees surprised with either large tax bills or large refunds last year,…

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Rethinking the Gender Pay Gap

By Employment Law, Employment News

National Public Radio (NPR) recently featured the topic of the ‘gender pay gap’ on one of its news programs, and I happened to be listening in. I was reminded of a conversation I had with my sister about pay inequality between men and women. The gender pay gap is confusing to me because the Equal Pay Act of 1963 has been around for more than 50 years. Salary differences between men and women may indeed…

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Study Finds Minimum Wage Increase a Mixed Bag

By Employment News, Hiring, Policies and Procedures

For business owners in industries whose profit – or even viability – relies on filling positions with minimum wage workers, the possibility of a $15 an hour minimum wage is worrisome. Business leaders, or anyone concerned with the impact of a higher minimum wage, should take a look at a recent report by the Congressional Budget Office (CBO). Based on an analysis that examined the impact of a $15 an hour minimum wage, the report…

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The Future of Human Resources – What Does It Look Like?

By Corporate culture, Employee Retention, Employment News, Hiring

Deloitte just debuted a fascinating study of human capital and how such innovations as artificial intelligence are altering the future of workforce hiring, training and retention. It’s definitely worth a read (or at least a browse) and site visitors can download it without providing company or personal information. “In 2019, an intensifying combination of economic, social, and political issues is forcing HR and business leaders to learn to…reinvent their organizations around a human focus,” the…

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Department of Labor Overtime Laws Are in Flux – And It May Get Much Worse!

By Best Practices, Employment Law, Employment News, Policies and Procedures

Recently, a former Department of Labor (DOL) Wage and Hour Division (WHD) Administrator expressed concern for the new overtime rule that is working its way through the system. As we previously reported, in 2017 the Obama-era overtime rules were struck down by a court as invalid, leaving the Trump administration to make a determination about updating the rule. Former WHD Administrator Tammy McCutchen recently noted that the DOL’s planned timeline for finalizing the rule is…

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