Podcast S3E51 – FB Live 63 – Virtual Team: Employee Benefits

Providing employee benefits is a great way to retain talented employees for the long-haul, but as an employer what is your responsibility and what rules and regulations do you have to follow?

In this episode I cover:

  • Vacation and PTO, and when rules and regulations kick in
  • Which state you must consider when offering vacation and/or PTO
  • Sick leave and family leave, and what jurisdiction’s rules and regulations might apply
  • The level of responsibility required when setting up a retirement plan for your employees
  • Important considerations for health, disability, and life insurance

Key takeaway: As a small business owner, there are many ways you can provide important employee benefits to make sure your employees are taken care of and protected in their personal lives, but you also need to make sure that you’re providing benefits in a way that protects you and your business, so be sure to consult with a qualified benefits provider.

Resources: IRS guidance on providing benefits

Department of Labor resource on fiduciary responsibilities

Department of Labor info on FMLA

Melissa Curtis – Woodall Agency Insurance

Visit www.awbfirm.com/podcast51 for a transcript and show notes, and sign up to get a free 5 Minute Intellectual Property Audit.  You’ll learn how you can make more money from the copyrights and trademarks in your business (you can also sign up there to be the first to know when new episodes are live and receive other legal updates and special offers from the AWB Firm).

This podcast is information, not legal advice specific to your situation.

August 15, 2018