Starting July 1st, 2020, the BWC reduced every employers payroll by 20%. They did so under the assumption that all employers experienced slow-downs, lay-offs and closures during the initial impact of COVID-19 on Ohio businesses. However, they did not confirm these reductions with policyholders and we know that not all businesses experienced a decrease.This reduction might result in an unexpected True Up balance July. True Up is a process required by Ohio BWC at the end of each policy year, where your premiums based on projected payroll are balanced with premiums based on your actual payroll for the past year. Compliance with both the reporting and payment of any balances affects your companys eligibility for most savings programs. If your actual payroll was higher than projected, you will be expected to pay that balance to Ohio BWC no later than August 15th. If you are unable to pay the lump sum at that time, please note that any future premium installments will first be applied to your
Spooners sister company, Surety HR has a staff of HR Professionals with the capabilities to provide a variety of solutions to any HR problem your company might be facing. While our PEO clients have these services embedded, they are available to all businesses. Some of the services we offer include: Handbook (policies and procedures) Compliance (I-9/EEOC/DOL/employee files) Disciplinary and termination guidance Harassment/bullying in workplace training Recruiting Job descriptions Employee performance evaluation Review hierarchy and comp structure Especially when it comes to issues of compliance, these are not things your company should leave to chance! A small investment now to get these things in place could potentially save you a fortune (and protect you from lawsuits) in the future. Please contact Todd Kereszturi for a free consultation. Todd can be reached at 440-249-5260 x132 or firstname.lastname@example.org.
As a follow-up to our New Year safety advice from the last spotlight, there is already evidence that the new Administration is taking a more active role in Occupation Health and Safety. With new leadership at OSHA, there is already a new rule to update the Hazard Communication Standard, as well as updates to COVID-19 guidance for workplaces. We are encouraging all of our clients to review their OSHA Compliance, which should include all your written programs, sub-elements under those programs, and facility. When is the last time you updated your written Health and Safety programs? When was the last time you checked that all training is up to date and documented? When was the last time you completed all the requirements for LO/TO, Forklift, HazCom? When is the last time you completed a safety walk-through of your facility, with corrective action taken? Spooners Safety professionals are available to conduct these program reviews for you, including facility compliance via Mock OSHA inspections.