• Finance

    Most ethnic minority finance workers suffer discrimination, finds UK report | Financial sector

    Two in three UK finance workers from black and minority ethnic backgrounds have suffered discrimination in the workplace, according to an industry survey revealing shortfalls in the City of London’s diversity agenda. The findings from reboot. – a network of senior professionals drawn from some of the City’s biggest firms, including fund managers Legal & General and State Street – said the industry was failing to back up diversity pledges with concrete action. According to the group’s Race to Equality report, which surveyed 800 employees from 440 companies with more than £1.4tn in annual revenue between them, 66% of BAME  

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  • Finance

    Companies eye financial penalties for unvaccinated workers

    Companies are considering more aggressive alternatives to vaccine mandates after Delta Air Lines announced last week that it would implement a $200 monthly surcharge on unvaccinated employees enrolled in the company’s health care plan. Delta’s announcement intrigued firms that are eyeing stronger incentives to get employees vaccinated. Those companies view the surcharge approach as a way to boost vaccinations without having to lay off workers or take other disciplinary action against those who refuse to get the shot. But some employers are concerned that hiking health care premiums or imposing other financial penalties could create administrative and regulatory burdens, and  

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  • Insurance

    31 states lack insurance cover for workers

    Thirty-one states in the federation have no insurance cover in place for workers as of March, despite the provision of the requirement in the Pension Reform Act 2014. Figures obtained by Sunday PUNCH from PenCom on ‘Status of implementation of the CPS in states as at March 2021’ on Saturday showed that only five states, including the Federal Capital Territory, have insurance in place for their workers. Other compliant states are Lagos, Osun, Ondo and Edo, which also have pension schemes for their workers, according to PenCom. A former President, Trade Union Congress, Peter Esele, said it was not appropriate  

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  • Insurance

    31 states do not have insurance coverage for workers – PenCom

    Despite the requirement in the Pension Reform Act of 2014, thirty-one states of the federation have no insurance coverage in place for workers as of March 2021. The figures acquired from PenCom’s ‘Status of implementation of the CPS in states as at March 2021’ indicated that just five states including the Federal Capital Territory had an insurance cover for its employees. The states in accordance with PenCom’s provisions with pension plans for their workers are Lagos, Osun, Ondo, and Edo. Lagos State Lagos passed a CPS law in 2007, revised several aspects of the main law in 2019, and established  

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  • Health Insurance

    Experts discuss new health insurance option that could be used by small businesses to attract workers

    Dr. Jonathan A. Godin, an orthopedic surgery and sports medicine specialist at The Steadman Clinic in Frisco, demonstrates a knee examination Sept. 2. On Wednesday, April 28, the Summit Chamber of Commerce and Peak Health Alliance hosted an event to discuss affordable health care, including a new model of health insurance that could be beneficial to small businesses with seasonal or part-time staff.Photo by Jason Connolly / Summit Daily archives A new health insurance model officially became available last year, but outreach and education efforts were stalled by the pandemic, and some local businesses are still hesitant to learn  

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  • Health Insurance

    The government will fully cover laid-off workers’ COBRA premiums

    Cunaplus_M.Faba | iStock | Getty Images The government will pay for laid-off workers to maintain their employer-sponsored health insurance through September, thanks to a provision in the $1.9 trillion stimulus package signed into law on Thursday by President Joe Biden. As part of the relief bill, the government will subsidize COBRA premiums for former workers of a company until the fall. COBRA, or the Consolidated Omnibus Budget Reconciliation Act, permits people who leave a company with 20 or more employees to pay to stay on their workplace insurance plan for as long as 18 months. But the option tends to  

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  • Loans

    What self-employed, gig workers need to know about new PPP loan rules

    chee gin tan | E+ | Getty Images The Small Business Administration on Wednesday released a new application and loan calculation formula for Paycheck Protection Program loans for self-employed and gig workers. For these small businesses, it will mean larger forgivable loan amounts going forward. In addition, the SBA released updated guidelines for lenders on calculating loan amounts for Schedule C filers and new eligibility rules for borrowers, including those who had struggled with student loan debt, had non-fraud felony convictions or were non-citizen business owners. Claudia Radu, a sole proprietor who runs Vinyl Creations by CR in Woodstock, Georgia,  

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  • Home Insurance

    Does Insurance Cover Remote Workers During the COVID-19 Pandemic?

    For a majority of the population, the COVID-19 pandemic has had a significant impact on their lifestyle. Although the vaccine is being distributed, we still have a long way to go until things return to “normal.” And with new COVID-19 variants being discovered, we continue to learn just how contagious the virus really is. Over the last year, many people have started working from home to minimize exposure and slow the spread of the virus. Data from June 2020 showed that a staggering 42{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of U.S. employees had transitioned to virtual work. This new era of remote employment not only  

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