We are living in unprecedented and scary times, for both corporations and individuals.
Ensuring your employees are covered and you are paying employees during the COVID-19 crisis is important to their well being. But this can also be a confusing process for the business.
If you want to better understand how to make it through this crisis and have a plan of action for any emergency that may arise, keep reading this guide below!
Create a Plan of Action
While this global pandemic came as a surprise to many people, it’s important to consider that any emergency is possible and is out of our control. Having a protective plan will give your business stability. This will also give your employees a sense of security during uncertain times.
Create documents for common questions to prepare for this crisis, but also any emergency. Answer things like, “How will I get paid if I’m not physically at work?” and “Do I have sick leave, and will it be extended?”
Make sure your plan will work for many emergencies, like natural disasters, local emergencies, and cyber breaches. Communicate and provide training for employees. It’s important they understand what steps will be taken during a crisis.
Virtual and Paperless Options for Paying Employees
Paying your employees is essential to your business practice and to support your employees. So it’s important to use the right payroll provider that has online services. Research virtual versions of the things you may normally use, like a pay stub template.
Going paperless in general will help guarantee your employees get paid during any situation. By using this type of virtual payment process, you can use direct deposit or pay cards to make sure employees are paid on time.
Understand the Regulations
It’s important to decide how you want to pay exempt and nonexempt employees during this type of crisis. Make sure you’re following the FLSA regulations for time payable to employees during this pandemic.
For example, the FLSA rules will generally apply to hours that employees have actually worked. This doesn’t require employers who are not able to provide work to non-exempt employees to pay them for hours they would have worked if their facility was still open.
If you have a lawyer that works with your business, create a plan of action with that person. Make sure you’re following all the necessary regulations. Stay up to date on payments to employees and keep detailed records.
Take the Necessary Steps to Pay Employees During COVID-19 Crisis
Having an emergency plan will prevent you from scrambling during a crisis. If you didn’t create one before COVID-19, it’s important to create one now that will apply to any emergency that might happen in the future.
Use paperless options to ensure you’re paying employees and following important government regulations.
Keep reading our blog to learn more about how this pandemic is affecting individuals and how people are dealing with disaster.