On October 13, the U.S. Department of Labor (DOL) published a proposed rule to revise existing guidance on how to determine whether a worker is an employee or independent contractor under the Fair Labor Standards Act (FLSA). The DOL intends to … [Read more...]
“Early career” hiring is both important and risky
Employers have encountered significant challenges in managing their workforces over the last few years. The onset of the pandemic saw many organizations downsizing suddenly and severely. More recently, during “the Great Resignation,” many employees … [Read more...]
M&A on the way? Consider a QOE report
Whether you’re considering selling your business or acquiring another one, due diligence is a must. In many mergers and acquisitions (M&A), prospective buyers obtain a quality of earnings (QOE) report to evaluate the accuracy and sustainability of … [Read more...]
401(k)s and M&As: Requesting a determination letter
When one business is sold to another, the buyer often asks for a determination letter to help assure that the seller’s 401(k) plan is qualified. The seller must then request such a letter from the IRS, but availability is restricted under certain … [Read more...]
Shine a light on sales prospects to brighten the days ahead
When it comes to sales, most businesses labor under two major mandates: 1) Keep selling to existing customers, and 2) Find new ones.To accomplish the former, your sales staff probably gets some help from the marketing and customer service … [Read more...]
Stay on the lookout for presenteeism
Employers have been advised for years to beware of “presenteeism” and its often slow-developing negative effects on an organization. Obviously, a regularly absent employee isn’t getting much work done. But someone who repeatedly shows up unwell — the … [Read more...]
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