Potential Financial Impacts of the Vaccine and Testing Mandate to Employers
President Biden announced a new mandate which requires all employers with more than 100 employees to comply with a vaccine and testing requirement. This mandate will affect over 2.5 million workers in the private sector, 2.5 million federal workers, and over 17 million health care workers. Employers in these sectors must ensure that their workers are vaccinated or get tested weekly. Further, employers must provide Paid Time Off (PTO) for workers to get vaccinated. Noncompliance could result in fines of nearly $14,000 per violation.
Read more on the mandate from the White House here: https://www.whitehouse.gov/covidplan/
The impact to businesses in in Western Mass and everywhere is substantial. If you have questions about how to plan for the financial impact of this mandate, contact our office.
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
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