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What Colorado Employers Need to Know About Employee Benefits for Manufacturing Companies

July 19, 2021, by New City Insurance

company manager visiting factory for manufacturing companies and examining manufactured productsOffering employee benefits is an excellent way for businesses to show that they are invested in the health, well-being and future of its employees. An attractive compensation package can help businesses outshine the competition and attract and retain top talent. According to AICPA, 80 percent of employees reported that they would stay with an employer who offered benefits as opposed to those that did not. Colorado employers commonly offer their employees a wide range of benefits, including health insurance, retirement plans, educational opportunities and generous vacation time. Here is what Colorado employers with manufacturing companies need to know about employee benefits.

Major Employment Laws in 2021 For Manufacturing Companies

The COVID-19 pandemic changed the employee benefits landscape in the past year. Many states modified employment laws due to coronavirus-related illnesses and nationwide shutdowns. In Colorado, the manufacturing industry experienced major changes in employment laws that went into effect in January 2021. These include:

Paid Sick Leave

Beginning January 1, 2021, the state of Colorado requires all employers with 16 or more workers to grant paid sick leave. Through paid sick leave, employees continue to receive their full wages or a portion of their wages even when they are sick and unable to work.

Qualifying reasons for paid sick leave may include an illness, injury or other health condition. It may also encompass a medical diagnosis, preventative medical care, and care or treatment of a mental or physical illness. Paid sick leave often covers care for a family member who is sick or injured.

Effective January 1, 2022, paid sick leave obligations will extend to all businesses, regardless of the number of employees.

Paid Family and Medical Leave

Colorado recently joined a small group of states that require employers to provide paid family and medical leave to qualifying staff. The Paid Family and Medical Leave Initiative (PFML) was passed by Colorado voters on November 3, 2020, and creates a paid leave insurance benefit for all Colorado employees. The PFML program is managed by the state.

paid family leave sign for a manufacturing companiesThis program requires employers to provide employees with up to 12 weeks of paid leave for most instances, and up to 16 weeks under special circumstances. It exempts employers who have nine or fewer employees. Covered individuals include employees who have worked at least 180 days and earned a minimum of $2,500 in wages.

Paid family and medical leave benefits may be provided to employees who are experiencing the birth, placement or adoption of a child. It may also be approved for staff who suffer a serious health condition, require leave due to domestic violence, are caring for a family member with a serious health condition or require a qualifying exigency leave, such as for military service.

On December 23, 2020, the Colorado Department of Labor and Employment (DLE) published further information that requires employers of all sizes to provide employees with a maximum of 80 hours of Public Health Emergency Paid Sick Leave (PHEL) due to the ongoing COVID-19 public health crisis.

Wages and Equal Pay

The Colorado Division of Labor Standards and Statistics published a final version of the Colorado Overtime and Minimum Pay Standards Order Number 37 on November 10, 2020. The order, which took effect on January 1, 2021, includes new updates to state exemptions pertaining to minimum wage and overtime.

Also, effective on January 1, 2021 is the Equal Pay for Equal Work Act. This act requires employers to provide employees with transparency in wages and offer notices of promotional opportunities. The act prohibits discrimination based on gender identity or sex and prohibits employers from obtaining the criminal history or salary history of job applications.

Unemployment

On July 14, 2020, SB 20-170 was enacted, and includes a substitution for the term “severance allowance” with the term “remuneration” which is used when calculating how unemployment benefits are to be delayed when an employee receives severance pay.

Effective January 1, 2021, the law states that employees are not required to provide documentation to prove that they have left a job due to domestic violence when the worker is under the belief that their continued employment would jeopardize their safety or the safety of their family.

Contact an Employee Benefits Consultant

worker communicating with company leaders and his coworkers at his manufacturing companiesEmployee benefits take on many forms, from complex pension plans to simple vacation time. It is important for employers to understand what types of employee benefits will help their business grow, attract new candidates and retain a talented workforce. Ongoing changes in employment laws in Colorado that affect many manufacturing companies must continually be monitored to ensure ongoing compliance.

An experienced Colorado employee benefits consultant can help your business meet these requirements. For more information about what Colorado employers need to know about employee benefits for a manufacturing companies, reach out to the professionals at New City Insurance.

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Filed Under: Benefits,  Manufacturing

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New City Insurance
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Carol Zhang
Carol Zhang
04:29 06 Mar 22
As a rapidly expanding national media organization, the employee benefits strategy and administration that New City has provided us during our growth has been invaluable. They have been proactive about informing us of the different benefit strategies available to us as we grow as well as managing the additional compliance laws and reporting requirements at each stage of our growth.
Claudia Villalobos
Claudia Villalobos
20:14 03 Mar 22
New City Insurance made navigating through all the health insurances super EASY. Their documents are highly informative, professional, and easy to work with. Thank you for making the process of choosing a health plan so simple. You guys are THE BEST!
Philippe Salas
Philippe Salas
17:02 22 Feb 22
I never expected to have a good time talking to an insurance salesman, but let me tell you Brendan was quite the treat. He was very helpful explaining the options and has a wonderful sense of humor. I hope to speak with him every time I call.
Jennifer Polito
Jennifer Polito
17:15 09 Feb 22
Super easy enrollment process. Fast and friendly customer service. If you are looking for an insurance company that is there for you every step of the way I highly recommend New City Insurance.
Rocky Salas
Rocky Salas
23:46 07 Jan 22
So friendly, I hope to speak to him again in all my future insurance needs.
Rocky Salas
Rocky Salas
23:38 07 Jan 22
So friendly and soft spoken. I hope to speak to him again in all my future insurance needs.
Jose Brena
Jose Brena
13:20 06 Jan 22
Eric Calciano has been extremely helpful in finding and selecting the right insurance coverage for our company. With many options out there Eric assisted us on getting a low cost provider saving more than 20% than from our competitors and providing excellent coverage for our employees.
Anastasia Beaverhousen
Anastasia Beaverhousen
17:05 28 Dec 21
Signing up for insurance was quick and easy. Felicity Sundsboe
SFCC
SFCC
22:08 29 Nov 21
Jeff Stoltey and his team provide excellent customer service. Jeff has always provided my company SFCC with straightforward options. I went to a larger insurance company only to RUN BACK to Jeff at New City Insurance. I recommend them to anyone needing insurance without hesitation.
Kevin Luby
Kevin Luby
19:13 22 Oct 21
Quick, easy & informative. We were able to secure quality insurance for our small business on a tight deadline. Thanks for the help New City.
Theresa Ruybol
Theresa Ruybol
19:30 01 Jul 21
Eric was so great with us. He was very patient and kind as we are a newer smaller organization who is growing rapidly. With that said, we had made our inquiry, he had great rapid response and mostly had to wait on me. Any request that we made and/or questions we had, he was great answering and helping us understand. Then when we were ready for all documents and to move forward, Brendan helped with getting that together and the two of them worked their magic on New City's end to notify me of what was needed, assist me in that process and confirming that all was complete and approved for the coverage. I just want to say thank you all again so much, as insurance has always been confusing to me, and you all made that process go a lot smoother.Thank you
Andrea Ordendorff
Andrea Ordendorff
21:06 07 May 21
I've been working with both Clayton and Brendan for well over a year. As the purchase of our dental practice was delayed well over 14 months they both patiently supported me and continued to make themselves available. When we were officially ready to sign up they made the whole process seamless and super easy. This team is highly knowledgeable, professional, supportive, and efficient! I can't thank them enough for everything they've done.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
Mike McClay
Mike McClay
19:36 03 May 19
My employer uses New City as their insurance broker, and I'm always amazed when I call in for assistance by how knowledgeable and attentive their staff is with my requests. Their online benefits platform makes selecting insurance plans pretty darn easy. I would highly recommend their services.
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