In a move to provide greater support for non-highly compensated employees in saving for financial emergencies, the Internal Revenue Service (IRS) has recently released new guidance for plan sponsors implementing Pension-Linked Emergency Savings Accounts (PLESAs) authorized by SECURE 2.0. These short-term savings accounts are designed to offer a safety net for employees facing unexpected expenses or financial hardships. The guidance
Workplace violence continues to be a pressing concern across various industry sectors, necessitating the implementation of effective prevention measures. In response to this growing issue, the New York State Senate has recently introduced Senate Bill S8358, aiming to address workplace violence hazards in retail establishments. This article explores the proposed legislation in detail, highlighting its requirements and potential impact on
Like most new tools, artificial intelligence (AI) comes with a learning curve. As AI technology continues to evolve, it has found its way into various aspects of our lives, including the workplace. However, the adoption of AI in hiring processes has raised concerns about potential bias and discrimination. In a recent settlement, a company paid a hefty sum for alleged
BrewDog, a renowned craft beer company, recently found itself at the center of controversy when it decided to withdraw from the ‘real’ Living Wage, provoking anger from staff, unions, and accusations of hypocrisy. This move, coupled with the announcement that new hires across the UK (outside of London) will be paid the minimum legal wage of £11.44 per hour starting
In today’s technologically advanced world, the impact of digital media has reached every aspect of our lives, including the workplace. While workplace bullying has been a concerning issue for many years, the advent of social media has added new layers of complexity, enabling digital harassment to thrive. It is crucial for organizations to understand and address this issue, as workplace
The State of New York is considering a significant update to its Paid Family Leave (PFL) program, as well as the corresponding statutory Disability Benefits program. The potential expansion of coverage to include absences related to prenatal leave is being discussed. This development is part of Governor Kathy Hochul’s six-point plan, which she unveiled during her 2024 State of the
The Freelancers Union has been a driving force in advocating for the rights and well-being of independent workers. Through various initiatives and resources, this organization aims to support freelancers in navigating the challenges they face in their careers. From accessing affordable healthcare to providing legal services and promoting fair labor practices, the Freelancers Union has become a vital resource for
Salesforce, a prominent player in cloud-based software solutions, has garnered significant attention from investors due to its remarkable performance in recent years. In this article, we will employ a valuation model to determine Salesforce’s fair value and analyze its current pricing in relation to that value. Additionally, we will examine the potential limitations on share price growth, opportunities in bearish
With the advent of advanced technologies, we now have the ability to eliminate lengthy processes and simplify them using Odoo ERP. One area where Odoo ERP excels is payroll management. Odoo Payroll offers a comprehensive solution that automates and streamlines the payroll process, making it easier for businesses to handle employee compensation and efficiently manage their workforce. Odoo Payroll and
In a labor market where employers are struggling to attract and retain talent with the right skills, experience, and knowledge, they cannot afford to alienate current or potential employees. This article explores the challenges faced by LGBTQ+ employees in the workplace and emphasizes the importance of inclusive and respectful work cultures. This is not only a moral imperative but also
The job market is constantly evolving, and with each new generation entering the workforce, employers must adapt their strategies to attract and retain top talent. One such generation that is redefining the job search process is Gen Z. With their unique values, preferences, and technological fluency, Gen Z presents both opportunities and challenges for recruiters. In this article, we will
The Fair Labor Standards Act (FLSA) has established regulations to ensure that employees receive fair compensation for their work, particularly when it comes to overtime pay. However, employers often overlook the inclusion of non-discretionary bonuses when calculating overtime wages. This article aims to provide a detailed understanding of how these bonuses should be incorporated and guide employers through the proper
