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Despite the large unemployment numbers we’ve seen over the last few months, employers should still consider offering employee benefits that align with their employees’ needs.
Employers had to act fast as stay-at-home orders went into place rather quickly. Therefore, they had to establish work-from-home policies, provide external education opportunities, provide new leave requirements, and anticipate new policies for return to work phases. All of this combined with the fear of potentially contracting COVID-19 can be overwhelming.
However, your employee benefits have changed since the start of COVID, here are a few ways you can look to the future for your employee’s benefits:
As an employer, understand the implications of layoffs, furloughs, and other workplace changes. You also need to understand benefits utilization, headcounts, and changes to employment policies.
Rework your employment policies
What does the return to the physical workspace look like? How can you ensure your employees stay safe when they come back? What happens when an employee tests positive for COVID-19? Think creatively about how to run your business effectively outside of your physical space.
Consider your compliance
Have you experienced changes to your workforce? If you are a large employer (with 50 or more full-time employees), and you do not offer benefits to 95% of full-time or full-time equivalent employees you may be opening yourself up to liability.
Include Telemedicine options
Telemedicine use has seen a drastic increase over the last few months. Be sure telemedicine is offered in your employee’s benefit programs.
As we all continue to understand what the effects of Coronavirus will be, as an employer it’s best to try to get out in front of it. Ensure both your business and your employees stay safe. Contact us to begin crafting your benefit plans today!