With the COVID-19 pandemic, the rules governing wages and hourly pay are being updated continuously. On April 1, 2020, the U.S Department of Labor announced new action regarding how U.S. workers and employers will be affected by the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act. Both of these Acts are part of the Families First Coronavirus Response Act (FFCRA). Additionally, the DOL has created an updated Q&A fact sheet to help companies navigate quickly through the Families First Coronavirus Response Act. Questions and answers cover paid sick leave, childcare, teleworking, and more. Each state also has specific information related to workers, unemployment and sick leave.
There is a lot of information contained in these Acts and the Q&As are meant to help interpret the information in an easily digestible format.
ICON is taking special care to invest the time and effort needed to remain up-to-date on the current legislation and how it impacts our customers. If the ability to apply these rules is becoming overwhelming, contact us for help. Outsourcing payrolling duties could be a solution to these and many other problems that are occurring during COVID-19.
First and most simply, the hours spent doing payroll are hours that could be spent focused on more pressing tasks. Depending on how many employees an organization has, payrolling can take many hours, and even days, to be successfully completed. Outsourcing payroll can ease some of this strain by removing the burden from a company, freeing up their HR team to focus on their core business.
Finally, it is important to consider the fact that payrolling involves dealing with multiple complicated legal processes. Outsourcing these duties means that they will now fall on professionals who specialize in these matters. Payroll outsourcing companies are trained specifically in staying compliant with government regulations. Investing in outsourced payrolling professionals saves time, lessens security risk, and ultimately builds peace of mind for business owners.