Highlights include credit unions targeted in a spear phishing campaign, email fraud on the rise, U.S. companies targeted through LinkedIn, and more.
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Know about discriminatory practices to avoid. Federal employment discrimination law does not prohibit employers from requesting or obtaining criminal history information about applicants and employees. However, an employer’s use of such information could result in a claim of discrimination.
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Serving on a board can be rewarding, but it also exposes your personal wealth and assets to potential risk, since board members can be personally liable for the actions (or inactions) of the boards upon which they sit.
Make sure your 2019 employee benefits strategy is aligned with your organization’s long-term goals. Strategic planning can help manage costs while increasing efficiency and productivity in a complex business climate.
Few employers realize the importance of overseeing the workers’ compensation premium audit, which occurs at the end of each year to ensure you are paying the correct premium. After an audit, you could receive a surprise bill if the remuneration in work comp benefits paid to employees is found to be inaccurate — or you could receive a reimbursement. Auditors are susceptible to error, so be sure to classify benefits and wages appropriately, be prepared for the audit each year, and manage the process as much as possible.
On March 7, 2019, the Department of Labor (DOL) proposed revisions to the Fair Labor Standards Act (FLSA) white collar exemption rule. The DOL is proposing a minimum salary threshold to increase to $679 per week (which equals an annual salary of $35,308). The threshold currently sits at $455 per week ($23,660 annually). With an anticipated effective date of January 1, 2020, this proposal signals the Department’s desire to bring the required salary amount to a dollar figure more representative of modern-day wages.
Do you currently sit on any boards, or are you thinking of doing so? Board membership can take many forms, from small nonprofits to major corporations. And while serving on a board can be very rewarding, it also exposes your personal wealth and assets to potential risk, since board members can be personally liable for the actions (or inactions) of the boards upon which they sit.
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