Workers’ compensation provides covered employees with income and medical benefits if they are injured on the job or have a work-related injury or illness and is regulated by the Division of Workers’ Compensation (DWC). Texas is one of the few states that does not require a company to carry Workers’ Compensation insurance, although certain forms and notices are still required, such as;
President Trump recently signed into law the PPPFA which allows more flexibility when using PPP funds and applying for loan forgiveness. Key components include reducing the amount that must be spent on payroll costs from 75% to 60% and extending the timeframe to rehire certain laid-off employees from June 30thto December 31st if seeking loan forgiveness. Check with your accountant, bank or payroll provider for more information on all of the guidelines.
Following quarantine and social-distancing recommendations can help stop the spread of COVID-19, but employee’s mental health could suffer with these new guidelines. If you offer benefits, your healthcare providers may be able to offer guidance, articles, and ideas to help employees handle these changes.
Ways to help employees include;
The past two months, we have been privileged to present several webinars regarding the CARES Act, General Human Resources and COVID-19 - Returning to Work. The presentations may be viewed on our internet site at https://www.humanresourcesolutionsllc.com/recent-news.html