A proposed change to overtime eligibility by the Department of Labor is causing a fair share of angst for many employers. Companies in the manufacturing and retail sectors will be impacted most. The Biden administration is calling for a roughly…
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B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup withholding or fielding calls from unhappy vendors about the reduced payments. It should come as no surprise…
Finance pros are doing quite a bit better than people in other sectors when it comes to compensation. Nearly 60% of workers report they've gotten stiffed by their employers in the last two to three years. OnePoll asked 1,859 adult…
The money- and time-saving benefits of artificial intelligence (AI), automation and other cutting-edge technologies are spurring companies to recruit and hire the best practitioners. For now the demand is greater than the supply. Weekly job postings for generative AI positions…
Just as consumers are finally cutting back on spending, we can count on B2B customers to do the same, across all industry sectors. The good news? Companies that offer superior products and services and can easily demonstrate their expertise will…
Most businesses think we're already in a recession or it's coming early this fall. The good news is, most are fairly confident they'll survive it. There's just one major catch. Businesses short on cash are balking at high interest rates…
The requirements for paying the prevailing wage under federal law have been slowly expanding for decades, but now, updated regs have brought marked changes. The Department of Labor (DOL) issued a final rule on August 23, 2023, revising the regs…
Picture this scenario: An employee clicks on an email from a co-worker who's already left for the day. Nothing in the email subject line to suggest it's a phishing attempt or anything more malicious. So the employee clicks on the…
If you're like most employers, you offer paid holidays. But how about paid floating holidays? As we head toward year-end, consider your company policy on this. Floating holidays can be a bit of a misnomer – they may have more…
How managers and supervisors handle their employees' mistakes has a big effect on trust, morale and productivity. When leaders handle these situations poorly, it can damage staffers' confidence and trust, thus making them less likely to report mistakes they discover…
Environmental, social and governance (ESG) ratings of companies was never as popular as many in the media made it out to be. And the more the public and investors come to learn about ESG, the less they like it. CEOs…
Publicly traded companies that offer stock options may want to touch base with their tax accountants. That's because the IRS is launching an enforcement crackdown on employee stock ownership plans (ESOPs). The goal is simple: Make an example out of…
