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Many organizations have taken significant steps to reduce employment costs, and nearly a third already have or plan to furlough workers, with another 19% saying they might if necessary, according to a survey by Unum.

The disparity raises the prospect that women’s gains in the labor market and efforts to reduce the gender pay gap are being undermined by the lockdown.

Leave-sharing programs make sense for employers seeking tax-efficient opportunities to financially assist employees impacted by the pandemic.

Since efforts to the contain COVID-19 pandemic rapidly shut down the U.S. economy in mid-March, about 38.6 million initial unemployment insurance claims have been filed under state programs.

Employees who are concerned they might expose an at-risk member of their household can sign and submit a document to take leave until May 31.

The lack of seamless plan-to-plan asset portability prevents participants from easily moving and consolidating their 401(k) savings, leaving them open to the temptation to prematurely cash out their 401(k) accounts from prior employers’ plans.

Deadline extended: Who will join the ranks of the Top Women in Benefit Advising? The deadline to nominate an outstanding adviser elevating the status of women in the industry is Monday, June 1.

The impact of COVID-19 on the workforce and business has only reinforced the importance of leave policies and the value of protection offered through disability insurance.

The pandemic is an opportunity for companies to adjust their communication strategies and business values to connect with employees.

Those who are bereaved need comfort from each other and extra effort needs to be made to reach out and encourage employees to take advantage of their EAPs.