The Consequences of Not Having Life Insurance
What is Life Insurance? Life insurance is an agreement between the policyholder and an insurer, where the insurer agrees to pay a selected beneficiary a sum of money upon the policyholder’s death. However, terminal or critical illnesses can also be eligible for disbursement. While the immediate protective benefit is understood, its significance’s breadth and depth […]
How Does Paid Time Off Work?
Paid Time Off (PTO) is an important benefit many employers provide their employees. It allows employees to take time off while still receiving regular pay. PTO policies vary between organizations, but the concept remains the same: employees are entitled to a certain number of days off with pay for personal reasons, such as vacations, illness, […]
What Are My Employee Benefits Packages
When it comes to employee benefits, there is a lot of confusion. What are employee benefits and the different kinds out there? What types of packages are the most common? How do you know if you are getting the best package for you and your organization? Here we will answer all of these questions and […]
Can You Offer Employees Different Benefits?
For business leaders creating a benefits package, the question, “Can you offer employees different benefits?” often arises. You can offer employees different benefits. Federal law does not require employees to have the same coverage. However, you risk serious complications when you decide to offer employees different benefits. Essential benefits such as health insurance are under […]
How to Use a Hammer Safely: Workplace Safety Guide
The hammer is one of the most commonly used tools due to its simplicity and versatility, but it’s crucial to know how to use a hammer safely. Despite its presence in almost every home, the hammer causes around 30,000 injuries per year. Here are some tips on how to use a hammer safely. The modern version […]
How Long Can a Workers Comp Claim Stay Open?
Whether you’re a CEO of a large corporation or a business owner of a newly established company, it’s crucial that you know the answer to the question, “how long can a workers’ comp claim stay open?” While some plans allow for claims to stay open indefinitely, it is, in most cases, more beneficial to keep […]
Guide to Workers’ Compensation: Louisiana Edition
Workers’ compensation provides wage replacement benefits and medical treatment to employees who endured injuries at work or became ill due to a work-related injury or illness. Workers’ comp also prevents the employer from bearing the cost of injuries. However, every state has its own nuanced workers’ comp laws. To learn about the laws in Louisiana, […]
Are Employee Benefits Really Necessary
Are employee benefits really necessary? The experts at Canal HR believe they are crucial for numerous reasons. Employee benefits help find and retain top talent, engage employees to participate in wellness programs, and can improve your company’s bottom line. To learn more about why the answer to are employee benefits really necessary should always be […]
When is Workers Comp Required
If you’ve ever asked yourself, “when is workers comp required,” look no further than our guide. In many cases, workers’ compensation insurance is required by law. However, requirements vary by state, industry, and employer size, so check your state laws. At Canal HR, we develop a managed care program for our clients that includes plans […]
Can Employee Benefits be Taken Away?
Answering the question of can employee benefits can be taken away can be complicated, mainly because while they can be taken away, an employer must take steps before doing so. In addition, a few laws and regulations regulate how an employer can remove benefits. To learn more, keep reading. Benefits Protected by Law Before understanding […]
Essential Employee Benefits for Small Business
Employee benefits make any business successful. The more cared for employees feel, the better their performance will be. Company culture and morale will be positively off the charts. When starting a small business, choosing which employee benefits are necessary and when to begin providing them may be challenging. Canal HR will help you figure out […]
How Do 401k Contributions Work for Employees?
The American financial system can seem like a knot. How do 401k contributions work? This simple question can lead employees and employers alike down a rabbit hole regarding retirement plan contributions, federal and state income tax, and more. Luckily, we’ve unraveled this mess for you, and we are here to supply you with the basics […]
