Archive: Labor

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Tax Credits Available to Hospitality Owners for Hiring Employees from “Targeted Groups”

As labor costs continue to rise for most hospitality owners, as well as employers in other industries, there is a tax credit available that can assist in mitigating some of the labor costs to the business owner. The Work Opportunity Tax Credit is available to business owners on qualified first- and/or second-year wages that are […]
March 6, 2020

Managing Workers’ Compensation

Workers’ compensation is a form of insurance that is used to provide wage replacement and medical benefits for employees who are injured at work. The Office of Workers’ Compensation Program (OWCP) is located within the U.S. Department of Labor. The in-house agency manager is responsible for managing the program and following all OWCP rules and […]
March 26, 2019

Understanding and Combating the Expected Increase of Construction Costs in 2018

In 2018, construction firms of all sizes can expect to pay more for labor and materials. The issue is pervasive throughout the industry, and it is important that firms understand why prices are going up in order to develop cost-saving strategies. In 2017, material charges increased by 4.8% compared to 2016. The cost is expected […]
January 23, 2018

Have Service Contract Act Work? What to Expect in Future Wage Determinations

Service Contract Act (SCA) wage determinations (WD) contain several new changes that will make a difficult topic even more complex. These changes, highlighted below, will impact your contract and require action: Changes to WD geographic regions Increased health and welfare (HW) amount NEW HW amount for sick leave requirement NEW Hawaii HW amount and Hawaii […]
October 19, 2017

No Change to the Service Contract Act Minimum Health & Welfare Amount in 2016!

On July 28, 2016, the Department of Labor (DOL) announced that there will be no increase to the prevailing health and welfare (HW) fringe rate under the McNamara-O’Hara Service Contract Act (SCA). The hourly HW amount will remain at $4.27 an hour. This relieves contractors of the need to request a price adjustment on SCA-covered […]
August 12, 2016

Significant Increase in Service Contract Act Minimum Health & Welfare Amount

Effective June 30, 2015, the prevailing health and welfare (HW) fringe rate under the McNamara-O’Hara Service Contract Act (SCA) is $4.27 an hour. The new rate is a $.25 increase from the previous rate of $4.02 an hour. Current service contracts will be impacted only once the new wage determination (WD) containing the updated HW […]
July 15, 2015

Service Contract Act Minimum Health & Welfare Amount Increased to $4.02 an Hour

Effective July 22, 2014, the prevailing health and welfare (HW) fringe rate under the McNamara-O’Hara Service Contract Act (SCA) is $4.02 an hour. The new rate is a $.21 increase from the previous rate of $3.81 an hour. Current service contracts will be impacted only once the new wage determination (WD) containing the updated HW […]
July 30, 2014