Assisting You During the COVID-19 Crisis

Assisting You During the COVID-19 Crisis 600 400 Balance Point Team

We understand that this is a challenging time and that resources and patience are running thin. It is our intent to help businesses navigate the changes in legislation so they can rebound as swiftly and soundly as possible from this crisis.

Addressing the Coronavirus Aid, Relief, and Economic Securities Act (CARES) Act

Signed into law on March 27th, the CARES Act provides businesses facing difficult decisions with much-needed relief. One aspect, the Paycheck Protection Program (PPP), incentivizes employers to retain their employees by providing forgivable loans to offset certain payroll costs.

We provide:

Addressing the Families First Coronavirus Response Act (FFCRA)

On March 18th, the FFCRA was signed into law, temporarily requiring employers to provide paid leave to employees for certain COVID-19 related reasons. Included in it are the Emergency Family and Medical Leave Act and the Emergency Paid Sick Leave Act. While employers are responsible for funding the paid leave, they are eligible for tax credits for the paid leave provided to employees.

We can help accurately track data associated with the FFCRA by:

  • Creating appropriate earning codes within our HCM platform – Click here to access a chart explaining these codes
  • Adding qualifying reasons for leave to keep track of each employee
  • Creating absence codes to account for sick time using the employees’ timecards
  • Providing reports to help calculate employee payments
  • Assisting in the process of mass inactivating or terminating employees, should it be needed

Click here to view a sample of the Average Hours & Wage Report

HR Support

Making sense of the two new leaves covered in the FFCRA, the Emergency Family and Medical Leave Act and the Emergency Paid Sick Leave Act, can be tricky. In response, we created a new 90-day service, our Business Response Package (or BRP).

With this service, employers work with a Human Resource Generalist who will provide guidance with:

  • Navigating the two new leaves covered under FFCRA
  • Making determination regarding furlough, layoffs, or a reduction in workforce
  • Understanding the interplay between federal and state sick laws
  • Notifying workers about potential unemployment insurance eligibility resulting from the new laws
  • Protecting against discrimination and retaliation claims
  • Managing a remote workforce

Schedule a consultation to learn more

COVID-19 Preparedness Resources

To help cut through the clutter of information circulating, we created a COVID-19 Preparedness Resources section of our website filled with relevant and valuable information, like:

Click here to visit the section

We’re Here to Help

It is our goal to remain a resource to you during this difficult time. If you have any questions, click here to schedule a call with us.

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