Lining up your succession plan with your children in mind
June 6, 2016
More than 70 percent of all businesses in the United States are family businesses, generating more than half of the U.S. gross national product (GNP). However, two out of three don’t survive to the next generation. How does a family business remain on the plus side of these statistics?
An increasing number of cities and states are raising their minimum wages. As more politicians and union-affiliated groups push for higher minimum wages, employers need to prepare now for the significant financial, compliance, and regulatory challenges these changes bring.
Why it’s good business to embrace video in digital-marketing campaigns
May 9, 2016
Businesses that want potential customers to linger longer on their websites have an easy tool for making that happen — video. It turns out, giving website visitors text to read or photos to look at isn’t enough to keep them engaged. But add a video and they’ll hang around, on average, an extra two minutes.
When California’s Fair Pay Act took effect on Jan. 1, it represented one of the toughest equal pay laws in the nation. The law, which strengthened the state’s Equal Pay Act, represents the latest legislative change causing issues and concerns for employers throughout the United States.
Habits can be a trap for people in leadership positions. As leaders, they should provide a compelling vision that inspires those around them. Instead, many of them lapse into automatic thinking. And that can affect every decision they make — and the actions of the people who report to them.
For employers, an increase in OSHA fines could be a costly problem, underscoring the importance of a robust and effective workplace safety policy. However, OSHA’s recent enforcement positions are creating confusion over how to implement an effective safety policy.
Turn on the television, pick up a newspaper, or visit the Internet and you will be inundated with messages about brand products. Tide is a brand. Pepsi is a brand. Nike is a brand. And so are you — or at least you should be.
Many equipment sectors poised for growth amid moderate business investment environment
February 8, 2016
The Equipment Leasing and Finance Association (ELFA) announced its Top 10 Equipment Acquisition Trends for 2016. Given U.S. businesses, nonprofits, and government agencies will spend over $1.6 trillion in capital goods or fixed business investment this year, these trends impact a significant portion of the U.S. economy.
The U.S. Department of Labor (DOL) announced a revamping of the “white collar” exemptions test. When the changes become effective, employers can expect greater scrutiny and a further increase in wage and hour lawsuits. It is therefore important for employers to understand the upcoming changes to the overtime rules.