A big reason employers are still allowing hybrid work is business benefits like reduced operating costs. But it’s also harder to ensure employment laws are being followed by your entire team. Compliance missteps with federal employment laws are especially costly right now. A good example: the new higher penalties for violating the Employee Retirement Income […]
The last thing any CFO looks forward to is laying off employees, but it’s an unfortunate reality for many folks in finance these days. Protecting the company is always priority No. 1 and often that involves letting go of people. Just be careful: Mass layoffs can lead to discrimination lawsuits by ex-employees. All it takes […]
Heads up: Companies can avoid criminal prosecution and million-dollar payouts for serious violations and mistakes by taking advantage of the Justice Department’s self-reporting policy. Justice recently revised the parameters for self-reporting so that it’s applied evenly in all districts. All of the conditions are crystal-clear, which is great news for execs and company lawyers that […]
In 2022 about a dozen states put law changes – some at the constitutional level – directly into the hands of the voters on Election Day. Here are some of the major measures that passed that may require you to adjust your payroll practices or rewrite your organization’s policies. Employment law changes In Washington DC, […]
Since remote and hybrid work became normal for many companies, some workers are complaining that their employers should pay for work-from-home expenses, such as internet and electricity costs, printers and office supplies. A few employees are even suing their employers to recover what they’re spending on work-from-home expenses. Bank of America, Liberty Mutual Insurance, Oracle, […]
The federal Work Opportunity Tax Credit (WOTC) could be a boost to your bottom line – a one-time credit up to $9,600 per qualified new hire. To be eligible for a WOTC, employers need to hire workers that qualify as belonging to a group of people that face significant barriers to employment, such as: unemployed […]
Thanks to a final rule issued November 22 by the U.S. Department of Labor (DOL), ESG retirement investment restrictions put in place back in 2020 by the Trump administration are being lifted. ESG stands for environmental, social and governance. Because a growing number of investors – particularly among Millennial and Gen Z age workers – […]
The diversity, equity and inclusion (DEI) movement in many companies appears to be leading to discriminatory hiring practices against white men and women. Case in point: 1 in 6 hiring managers say their higher-ups are telling them to “deprioritize” hiring white males for jobs, according to a new ResumeBuilder survey. This amounts to reverse discrimination, […]
Just as your Finance team got the hang of independent contractor classification, the Department of Labor (DOL) has published a Notice of Proposed Rulemaking that may make it harder to classify workers as independent contractors. If finalized, the rule would rescind the 2021 independent contractor rule that says the top economic realities test considerations for […]
