{"id":3376,"date":"2021-04-13T15:46:08","date_gmt":"2021-04-13T20:46:08","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=3376"},"modified":"2021-04-29T15:46:49","modified_gmt":"2021-04-29T20:46:49","slug":"what-employers-need-to-know-about-the-american-rescue-plan","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2021\/04\/13\/what-employers-need-to-know-about-the-american-rescue-plan\/","title":{"rendered":"What Employers Need to Know About the American Rescue Plan"},"content":{"rendered":"

Employment trends expert Rob Wilson discusses Biden\u2019s Rescue Plan and what it means for companies<\/em><\/p>\n

\"AmericanPresident Biden\u2019s \u2018American Rescue Plan\u2019 includes several key changes to employment-related categories. It\u2019s crucial for employers to become educated about how these changes will impact their policies moving forward.<\/p>\n

\u201cNow is the time that employers should prepare for these upcoming changes,\u201d says Rob Wilson, President of Employco USA and employment trends expert. \u201cThere are many modifications to the FFRCA \u2018COVID Pay\u2019 categories which will impact the way that you reimburse employees and approach things like sick leave.\u201d<\/p>\n

First, says Wilson, is the fact that employers now have the ability to offer employees paid leave through September 30, 2021.<\/p>\n

<\/p>\n

\u201cEmployers who voluntarily continue to provide this paid leave to their staff will continue to be able to obtain tax credits for doing so,\u201d he notes. \u201cAs long as employees are out of the office or unable to work due to COVID-related reasons, employers can offer them up to 14 weeks of paid leave and then be reimbursed via tax credit for the cost of doing so.\u201d<\/p>\n

And starting on April 1, the American Rescue Plan Act restored 10-day \u2018leave banks\u2019 giving workers 10 days of emergency paid sick leave to use for COVID-related reasons.<\/p>\n

\u201cMost importantly, workers can now use their EPSL for things like getting the vaccine or recovering from adverse reactions to the vaccine,\u201d says Wilson. \u201cIt would be good for employers to reach out and let their staff know they can use their sick leave for vaccine-related reasons because it can help to encourage vaccine compliance.\u201d<\/p>\n

Wilson also says the ARPA includes several Employee Retention credits to help encourage employers to keep workers on staff.<\/p>\n

\u201cThis program helps support businesses who keep employees on payroll,\u201d says the employment trends expert. \u201cRefundable tax credits have been extended through December 31, with a maximum of $7,000 credit per employee per quarter, for a total of $28,000 per employee in 2021.\u201d<\/p>\n

And Wilson notes that there are other state-specific changes in places like Illinois.<\/p>\n

\u201cGovernor Pritzker\u2019s recent signing of SB1480 includes making it unlawful to discriminate against potential hires due to their past criminal record,\u201d says Wilson. \u201cIn addition, Illinois employees with 100 or more employees will now be required to report their pay data based on gender, race, and ethnicity. Employers need to demonstrate their equal pay and employment efforts to the Secretary of State.\u201d<\/p>\n

For more on this topic, please contact Rob Wilson at\u00a0rwilson@thewilsoncompanies.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Employment trends expert Rob Wilson discusses Biden\u2019s Rescue Plan and what it means for companies President Biden\u2019s \u2018American Rescue Plan\u2019 includes several key changes to employment-related categories. It\u2019s crucial for employers to become educated about how these changes will impact… <\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[30,5],"tags":[],"class_list":["post-3376","post","type-post","status-publish","format-standard","hentry","category-coronavirus","category-employee-benefits"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"\r\nWhat Employers Need to Know About the American Rescue Plan - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2021\/04\/13\/what-employers-need-to-know-about-the-american-rescue-plan\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"What Employers Need to Know About the American Rescue Plan - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"Employment trends expert Rob Wilson discusses Biden\u2019s Rescue Plan and what it means for companies President Biden\u2019s \u2018American Rescue Plan\u2019 includes several key changes to employment-related categories. 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