Industry demand for crude oil is rising. The price of a barrel of oil could top $100 before Halloween. Since OPEC announced it would reduce output in the spring, energy prices flattened out for most of the year. That calm…
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Heads up: Two pieces of legislation would provide more health savings account (HSA) flexibility for employees, increasing the value of this benefit. On September 28, 2023, the House Ways and Means Committee approved both bills. Here are some highlights from…
The largest and most profitable companies in competitive markets apparently meant it when they promised to interview and hire a lot more minority job applicants. Hiring data from 2020-21 of 88 companies on Standard & Poor's (S&P) 100 list bears…
One of the key reasons some businesses are scrapping their remote work policies and mandating that employees come back to the office is all about economics and location, location, location. Translation: Companies in cities like New York and Houston either…
CFOs are desperate for more clarity, faster reconciliation and fewer errors in their payments and receivables. Automation solutions and artificial intelligence tools top finance chiefs' list of strategic solutions. The third annual State of Payment Operations report (conducted for Modern…
Most employers give out annual pay raises, according to a new survey. However, the increase isn’t enough to keep up with inflation. The survey, Getting Paid in America, is released each year by PayrollOrg (formerly the American Payroll Association). In…
Extending credit to customers is riskier than ever. Whether it's an existing customer looking for more favorable terms or a newer client a company doesn't have a track record with, it's best to obtain as much info about the customer's…
President Biden doesn’t plan to ease up on climate change initiatives if reelected next year. In fact, it looks like the current commander-in-chief could increase the pressure on companies slow to embrace clean energy. The New York Times reports four…
Now more than ever, businesses should be prepared to understand and handle union contracts. The reason? A new ruling from the National Labor Relations Board (NLRB) just paved the way for employees to unionize without an election. According to the…
Thousands of concerned stakeholders told the Biden administration to pare down or yank its controversial climate change disclosure rule. The sticking point is a requirement for companies to calculate and report indirect aka scope 3 emissions of greenhouse gases (GHGs).…
Cyber attacks that disrupt a company's business must now be reported under a rule which went into effect last week. The stated goal of the rule is to inform potential investors of a company's cybersecurity and what it's spending to…
Employer health insurance plan costs are set to spike for next year. All the experts are in agreement on that point. The only question is just how much higher coverage will cost. Employee benefits consulting firms Mercer and Willis Towers…
