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Ask the Experts: Overtime and Paid Time Off | Illinois Benefits Advisors

Question: Should we include holidays, PTO, vacation, or other leave taken during the workweek in calculating overtime premium pay under FLSA rules?Answer: No. Because holiday, PTO, and vacation hours are not actually hours worked they do not count towards overtime pay.Under the Fair Labor Standards Act (FLSA), an employer who requires or permits an employee to work … Continued

Identity Theft | Chicago Benefits Consultants

Recently, the “Happiest Place on Earth” wasn’t living up to its name for many families. For almost a full year, malicious software had been installed on point-of-sale systems at several Earl Enterprises restaurants. This software then captured debit and credit card numbers, expiration dates, and cardholder names of users purchasing food at these venues. Identity … Continued

Gig Economy 101 | Illinois Benefits Team

By now you’ve heard of the term “gig economy” but you may not know what it means. Is it describing the economy of musicians as they work gigs? Does it mean something about computers and the measurement of space allotted for their programs? Does it have something to do with fishing? Well, not exactly. But, … Continued

Exercise and Health: The Mind-Body Connection | Chicago Employee Benefits

Ever notice how you can get an overall feeling of well-being after taking a long walk, shoveling snow, dancing, or playing Frisbee with the kids? It’s not just because you can check “get some physical activity” off your to-do list. Turns out, there are physiological reasons why you get that feeling. And for people who … Continued

Connecting Agility, Culture and Change Management | Illinois Benefits Agency

Every company wants to lead their industry, and doing so means remaining competitive.  With the rate of speed the world experiences change in this age that is a very difficult proposition.  For an HR professional, it is increasingly more difficult to stay ahead of the curve.So, what are the critical pieces to the strategy?AgilityChange ManagementCultureKnowing … Continued

Ask the Experts: Taxability of Reimbursements for Mileage | Chicago Benefits Team

Question: Are amounts an employer reimburses employees for mileage taxable?Answer: They may be; the type of reimbursement plan will dictate whether reimbursement for business travel is or is not taxable. Both accountable plans and non-accountable plans allow an employer to reimburse employees for their business expenses.With an accountable plan, the reimbursement is not taxable to … Continued

IRS Announces HSA Limits for 2020 | Chicago Employee Benefits Advisors

On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses.To be eligible for an HSA, an employee:Must be covered by a … Continued

Spring Clean Your Life | Chicago Benefits Agency

The winter doldrums have left most of the country and we are witnessing the arrival of spring. Just like the budding trees and baby animals signify a new start, so does a fresh cleaning of your home. But don’t let the spring cleaning stop with the physical place where you live—extend it to all corners … Continued

Insuring the Times of Your Life | Illinois Benefits Agency

Preston Newby was a youth minister. He and his wife, Tara, were driving with their son to visit family—excited to announce a new baby on the way. In the keeping with the kind of person Preston was, he stopped to help at the scene of an accident. That’s when he was struck by another car … Continued

Is it Time for Unlimited Time off? | Chicago Employee Benefits UBA

While more and more perks — catered lunches, on-site gyms, immunizations programs — are about employee health, wellness, and happiness, they ultimately are also designed to keep workers at work. A recent article in Quartz at Work points out that more than anything, employees want more time off and out of the office. Unlimited time off, to … Continued