Employers who sponsor high deductible health plans (HDHPs) that are compatible with health savings accounts (HSAs) should take the opportunity to explain how they work during open enrollment. Through this bulletin and overview on HSAs, employers can see the HSA benefits they should highlight to their employees and what they need to know regarding HDHP plan design, from contribution limits changes to updated coverage options for telehealth and COVID-19 testing and treatment.
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We’ve all heard the terms “quiet quitting,” “quiet firing,” and the “great resignation” that point to the need for better employee engagement, which is a state of mind in which employees feel passionate about their jobs, are committed to the organization, and want to put discretionary effort into their work. In this webcast, Cheryl Kuch at Rehmann shares actionable insights and data, checklists, tools, and guidance for managers who are the answer to increasing employee engagement.
Leaders of founder-owned businesses embarking on a liquidity event often have never been through a sale process or conducted a formal capital raise. It’s a complex process—so they often turn to outside advisors for guidance.
Under the Corporate Transparency Act (CTA) and starting January 1, 2024, companies created in the United States will have to disclose and file certain information with respect to individuals owning more than 25% of the company or otherwise having control over the company. In this interview with Brian Lucareli, attorneys James Howard and Stephanie Derks explain the CTA, the new reporting rules, and how it will impact family offices.
Social responsibility is not new to family businesses. However, issues related to sustainability, climate risk, poverty, and uncertainty in many parts of the world are rising in importance. Leaders are turning their attention to ‘people, planet, and profit’ goals to generate value for the environment, create jobs, contribute to community prosperity, and deliver long-term value to the family as well as the business.
Transformation is not a new idea in the world of family businesses, but it has taken on a new meaning in the post-pandemic environment that has challenged the old way of thinking. Recognizing the need to transform, family businesses are keeping their minds open and turning emerging trends into the drivers of their future growth and success.
While China has denied engaging in espionage efforts as outlined in the joint warning from the U.S. and British law enforcement agencies, it is crucial for businesses to defend against the threat and the cybersecurity attacks that can come at any time from any nation state threat actors. Businesses of all kinds should consider immediate and ongoing actions to protect their intellectual property and critical infrastructure activities, beginning with reviewing patching policies and procedures.
Diving deep into the metrics from more than 1,270 data security incidents, this one-of-a-kind report features actionable insights and checklists to help companies improve their data security measures and operational resilience. Key findings reveal ransomware remains front and center; companies are becoming more resilient after making investments in security enhancements; a change in the risk landscape with the use of cloud assets; and e-crime continuing with a surge in wire fraud.
Attracting and retaining talent was a significant problem for many organizations before the COVID-19 pandemic, and it continues to be a major issue across most industries. While the pandemic complicated matters, business leaders should look at the talent challenge as an opportunity to reposition itself and take the necessary steps—including leveraging technology and supporting local apprenticeship and school outreach programs—to thrive in the short term and to enjoy success in the long term.
Among its many provisions, the American Rescue Plan COVID relief addresses paid sick and family leave under the Families First Coronavirus Response Act (FFCRA) and makes temporary but significant changes to COBRA coverage. A short (and high-level) summary of the changes are provided to show the effect on covered employers and employees.