Month: March 2016

Small Business Should Review Sick-Leave Policies in 2016

2016 Business Trends Experts say it’s time to review paid sick-leave policies in 2016. “Business owners should expect additional changes to be on the horizon related to mandatory sick leave. Complying with the latest sick-leave laws and regulations is important and may also include detailed notice, posting and record-keeping requirements.” – Mike Trabold, director of compliance risk, Paychex Are you…

2016 Department of Labor Overtime Rules Means Better Budgeting for Small Businesses

2016 Business Trends Chris Rush says new department of labor overtime rules will mean budgeting for increased expenses “Certainly, there are surprises every year, and one key issue small businesses may not be aware of is the U.S. Department of Labor’s (DOL) proposed changes to overtime regulations. Once finalized, those changes could have a significant impact on the Fair Labor…

Public Policies Will Influence Changes in the Workplace in 2016

2016 Business Trends Experts are saying that both existing and forthcoming public policies will influence negative changes in the workplace “Policies will change. Small businesses will not be prepared to handle the compliance regulations associated with minimum wage, overtime calculations and paid sick-leave policy. The regulations behind these policies are coming fast and furiously, as most small businesses do not…

Minimum-Wage Increases Will Drive Up Prices in 2016

2016 Business Trends Reaction to Minimum-Wage Increases Will Drive Up Prices and Expand Automation “In general, it seems like the trend is the passing and enforcement of minimum-wage increases. Small business owners will need to find ways to offset that hike. [I have] no doubt we will see an increase in retail prices, amongst other ways to increase operation efficiency.…