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Degree of Operating Leverage


The organization surveyed nearly 500 Latinos in Mecklenburg County from September 2021 through May 2022 to determine how the community has changed, its strengths, and its needs. CHARLOTTE, NC — At last count, there are 170,000 Latinos living in Mecklenburg County, a number that has more than doubled in the past 10 years. Camino Health …

by Risk calculated on 09/10/2022 08:11:00 The main economic reports this week are the August consumer price index (CPI) and retail sales. For the manufacturing sector, August industrial production and September surveys from the New York and Philadelphia Fed will be released this week. —– Monday, September 12 —– No major economic releases planned. —– …

President Joe Biden signed into law a sweeping tax reconciliation bill on August 16 with more than $450 billion in tax increases and $260 billion in energy tax incentives. The legislation, known as the “Reduction of Inflation Act” (HR 5376), passed the House on August 12 by a vote of 220 to 207, after passing …

Democrats introduced their sweeping tax reconciliation bill through an evenly divided Senate on August 7, putting them on course to enact more than $450 billion in tax increases and $260 billion energy tax incentives. Democratic lawmakers used the reconciliation process to circumvent procedural hurdles and pass the bill with the narrowest majority of 51 to …

ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS ON FINANCIAL POSITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to Horizon Bancorp, Inc. (“Horizon” …

BOSTON–(BUSINESS WIRE)–August 8, 2022– Year Up Professional Resources, (PBC-YUPRO), the leading opportunity talent placement firm, and OpenClassrooms, a U.S. Department of Labor (DOL) registered apprenticeship program leader, today announced their partnership to create the Earn More, Learn More US DOL Registered Learning Program for businesses nationwide. New Offering Addresses Employers’ Most Pressing Needs for Entry-Level …

BOSTON, August 08, 2022–(BUSINESS WIRE)–Year Up Professional Resources, (PBC-YUPRO), the leading opportunity talent placement company, and OpenClassrooms, a U.S. Department of Labor (DOL) registered apprenticeship program leader, today announced their partnership creating the Earn More, Learn More US DOL registered learning program for businesses nationwide. New Offering Addresses Employers’ Most Urgent Needs for Entry-Level Recruitment …

This discussion should be read in conjunction with the unaudited consolidated financial statements of Northrim BanCorp, Inc. (the “Company”) and the notes thereto presented elsewhere in this report and with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Unless otherwise specified, references to “we”, “us”, “our” or “the Company” …

In late July, the Department of Labor’s Benefits Security Administration announced a proposed amendment to the 84-14 Class Prohibited Transaction Exemption. The PTE is commonly known as the “Qualified Professional Asset Manager Exemption”, and its basic purpose is to allow various parties connected to pension plans covered by the fiduciary provisions of the Income Security …

ablokhin/iStock Editorial via Getty Images Presentation of the company and thesis Dollarama Inc., (DOL: CA) (OTCPK: DLMAF), headquartered in Montreal, is Canada’s largest discount dollar store chain, with more than 1,400 stores nationwide. The company offers more than 4,000 products to consumers at a price cap of $4 per item – although this will increase …

(RTTNews) – As worries about the global economic slowdown and rising inflation weighed on sentiment, the Canadian market fell on Wednesday, led by steep losses in the healthcare, communications and technology sectors. industry. Both the World Bank and the Organization for Economic Co-operation and Development have cut global economic growth forecasts for the current year …

IIf inflation has nothing to do with it, a surprising play in the retail sector could occur in the short term. That’s especially the case if he can put in a repeat performance after a better-than-expected April. “Americans continued to pump money into the US economy in April, with an increase in retail spending offering …

Image source: Getty Images Knowing the degree of operating leverage (DOL) of your business can help you predict how a change in sales will affect your profits. Here is an overview of how it works. The degree of operating leverage (DOL) is a leverage ratio used in operational analysis that provides insight into how a …

Maggie Hallbach, senior vice president of Verizon Public Sector, spoke with ExecutiveBiz about her recent appointment to her new role after more than 25 years with the organization. Additionally, Hallbach also discussed the importance of 5G to the public sector as well as Verizon Frontline, recent EIS task orders, and how Verizon Public Sector is …

Caution Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts, and include statements about our plans, objectives, expectations and intentions. Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking …

The $12 trillion Boston firm shocked everyone with the timing of the “seminal” move, despite tut-tutting “guidance” from the Labor Department, after concluding that Bitcoin’s volatile days were behind it. Brooke’s note: Pretty much hell or flood, the great capitulation to the “experiment” that is cryptocurrency has happened. Whether you’re a teenager or a savvy …

Management’s discussion and analysis of the financial condition and results of operations should be read in conjunction with the financial statements and accompanying notes to this report. Forward-Looking Information Statements in this report (or otherwise made by us or on our behalf) that are not entirely historical constitute “forward-looking statements” within the meaning of the …

Development program and investment budget Our development program is designed to prioritize the generation of attractive risk-adjusted returns and significant free cash flow and is inherently flexible, with the flexibility to modify our investment program as necessary to react to the current market. On a pro forma basis for transactions, our capital expenditures, excluding acquisitions, …

Overview Horizon is a registered bank holding company incorporated in Indiana and headquartered in Michigan City, Indiana. Horizon provides a broad range of banking services in northern and central Indiana and southern and central Michigan through its bank subsidiary, Horizon Bank. Horizon operates as a single segment, which is commercial banking. Horizon’s common stock is …

(Photo: Shutterstock) Recently, lawmakers have introduced new categories of retirement plans, all with the goal of helping small businesses offer 401(k)-like benefits. Introduced by the SECURE Act of 2019, the intention of these new plan types is to make it easier for small employers to achieve some of the administrative efficiencies and economies of scale …

Discussion and analysis of our results of operations pertaining to 2020 compared to 2019 not included in this Form 10-K can be found in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10-K for the year ended December 31, 2020. The following discussion and …

Art by Philip Lindeman News reports in recent years show that criminals are targeting pension plans, as well as the financial services companies that serve them. Among those that have been targeted recently, with varying degrees of success, are Alight Solutions, Cetera and Transamerica Retirement Solutions, although they are far from the only vendors to …

Art of Subin Yang Easterly Asset Management Hires VP of Intermediary Relations Eastern Asset Managementa multi-affiliate asset manager of boutique investment firms, announced the hiring of Michael Burke as Vice President of Channel Relations. Burke brings with him nearly 30 years of experience in the financial industry. Prior to joining Easterly, he was National Accounts …

Friday, Jan. 21, 2022: Biden administration’s vaccination efforts limited to sole mandate for healthcare workers as court orders executive order requiring federal employees to be vaccinated In the latest losing streak for the Biden administration’s efforts to vaccinate the American workforce, the U.S. District Court for the Southern District of Texas on Friday Posted a …

Mmortgage interest rates are on the rise again. The rate on a 30-year fixed-rate mortgage is on average 3.569% today, up 0.046 percentage point. The rate for a 30-year refinance is also higher, rising to 3.761%. Almost all other loan categories also experience higher rates. Competitive rates are always available for borrowers with strong credit …

Yotta Infrastructure today announced the appointment of Milind Kulkarni as EVP, Chief Technology Officer (CTO) and Head of IT Operations & Engineering. With over 26 years of experience in leading IT operations, planning and designing projects in IT, ITeS and managed IT services, Milind brings proven expertise to the organization, the planning and execution of …

Perhaps more than most, Sal Luciano knows the stress that comes with working life, going back to his youth in Waterbury when his brother postponed his medical studies to help the family make ends meet, throughout his career. social worker helping children bounce back between foster homes. in Connecticut. As Luciano retires from the state’s …

This discussion should be read in conjunction with the unaudited consolidated financial statements of Northrim BanCorp, Inc. (the “Company”) and the notes thereto presented elsewhere in this report and with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Except as otherwise noted, references to “we”, “our”, “us” or “the …

The MD&A and the analysis of the financial condition and results of operations should be read in conjunction with the financial statements and accompanying notes therein. Forward-Looking Information Statements in this report (or otherwise made by us or on our behalf) that are not entirely historical constitute “forward-looking statements” within the meaning of the Private …

By Michael Kreps, George Sepsakos and Arsalan Malik (October 7, 2021, 4:01 p.m. EDT) – The US Department of Labor has proactively shifted its enforcement resources in recent years from plan sponsors covered by the Safety Act employee retirement income. to financial institutions that provide services to ERISA plans.[1] This allowed the agency to investigate …

(I) Regulatory matters. (i) Neither United nor any of its subsidiaries or properties is a party or subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a letter of commitment or a similar submission to, or an extraordinary supervision letter from, any Regulatory Authority. (ii) Neither United nor any of …

(I) Regulatory matters. (i) Neither United nor any of its subsidiaries or properties is a party or subject to any order, decree, agreement, memorandum of understanding or similar arrangement with, or a letter of commitment or a similar submission to, or an extraordinary supervision letter from, any Regulatory Authority. (ii) Neither United nor any of …

Comparing the “quality” of Target Date Funds (TDFs) is not easy. Plan advisors and plan sponsors must decide how to prioritize return, risk, and many other factors when making a prudent investment decision. This is all the more important as TDFs have become the Qualified Default Investment Alternative (QDIA) for the majority of plan sponsors. …

Now that the federal government, through the Department of Labor (DoL), has committed to investing $ 2 billion in stimulus funds to strengthen Unemployment Insurance (UI) systems in states besieged by the surge in Unemployment claims due to the coronavirus pandemic, the federal government and state officials discussed how those efforts will be carried out …

LAS VEGAS —Grand Canyon Development Partners, a full-service Las Vegas-based project management firm, has announced the promotion of Bryan Jordan to senior project manager. Jordan has been with the Leading Company for almost two years, previously serving as a Project Manager and offering over 26 years of experience in the construction and subcontracting industries. In …

While restaurants and drinking places gained 1.3 million jobs in the first seven months of 2021, the industry still lacks 1 million jobs to reach its pre-pandemic level of 12. ,3 million, according to the National Association of Restaurateurs. In August, however, the industry lost over 40,000 jobs for the first time this year due …

What is operating leverage? Operating leverage is a cost accounting formula that measures how much a business or project can increase operating profit by increasing revenue. A business that generates sales with a high gross margin and low variable costs has high operating leverage. Key points to remember Operating leverage is used to calculate the …

Get Nevada Business News & PR delivered straight to your inbox daily. August 31, 2021 Through Chrisie Yabu leave a comment (RENO, Nev.) – KPS3, a full-service digital marketing and communications company, has hired Anna-Leigh Firth as the account coordinator and Logan Schauer as the social media and public relations coordinator. Logan Schauer, Anna-Leigh Firth …

The United States Department of Labor (“DOL”) recently released best practice guidelines for maintaining cybersecurity for plan sponsors, trustees, registrars and participants of employee benefit plans. governed by the Employees Retirement Income Security Act 1974, as amended (“ERISA”). Although some previous cybersecurity guidelines have been issued for some benefit plans governed by ERISA[1], this is …

(Bloomberg) – China Huarong Asset Management Co. confirmed a record loss for 2020 in a long-awaited earnings report and reported a small profit for the first six months of this year, just over a week after to have obtained a government-orchestrated bailout to keep it from the precipice. The shortfall was 102.9 billion yuan ($ …

Wednesday 25 August 2021 The main investment thesis of a private credit lender is simple: get the loan reimbursed when it matures. Private lenders do not provide loans to acquire the business of their borrower. In some circumstances, however, private lenders must be prepared to take possession of the money when the borrower is in …

Dive brief: 800 Degrees Pizza, a pizza brand with 16 locations worldwide, joins forces with the Piestro robotic pizzeria concept to dramatically accelerate its presence thanks to Piestro’s automated machines. According to a press release, the partnership will bring 3,600 “800 Degrees by Piestro” machines to market over five years. The automated machines will ensure …

For The Wall Street Journal for Saturday / Sunday August 14-15, 2021, a pair of reporters wrote: “The oversight is weak of the audit of private companies. The article contrasts the degree of supervision of auditors in private companies with that of auditors in public companies. Since the passage of the Sarbanes-Oxley Act in 2002, …

The second troublesome threat is the mixed employment standard. The Obama administration’s DOL caused angst in the franchise industry in January 2016, when it passed a joint employment standard that focused on “whether the employee depends on the potential joint employer who , through an agreement with the intermediary employer, benefits from the work. “Administrator’s …

Cloud Microsoft touts the top secret ATO cloud By Adam Mazmanian August 16, 2021 Microsoft announced that its top-secret and isolated Azure cloud regions have been granted permission to operate and are “generally available” for national security workloads. Tom Keane, Microsoft’s corporate vice president for Azure Global, wrote in an August 16 blog post that …

Share-based awards are often an important part of a company’s compensation program. However, unlike more general benefit programs, which are generally only subject to federal law, share-based compensation agreements are, in most cases, subject to both federal laws (for example, the Securities Exchange Act of 1934, as amended (Exchange Act) and state laws. Individual state …

Over the past year, several states, including Colorado, Connecticut, and Rhode Island, have proposed and passed new pay equity legislation. The impact of these laws is notable, not least because they subject employers to significant notice requirements, which may require sweeping changes in workplace practices and policies. The impact of these laws is even deeper …

Related practices and jurisdictions Wednesday August 11, 2021 On July 29, 2021, the US Department of Labor filed a final rule repealing the Trump-era Joint Employer Status Under the Fair Labor Standards Act (29 CFR part 791) rule, which came into effect on March 16. 2020. The Trump-Era Rule implemented employer-friendly changes to DOL’s rules …

On July 29, 2021, the US Department of Labor announced that it was repealing a final rule released last year (2020 Final Rule) that sought to clarify the standard for finding two separate entities as “co-employers” under the Fair Labor Standards Act. (FLSA). The 2020 Final Rule was a welcome development for franchise businesses, as …

Ministry of Labor rescinds pro-franchise joint work rule On July 29, 2021, the US Department of Labor announced that it was repealing a final rule released last year (2020 Final Rule) that sought to clarify the standard for finding two separate entities as “co-employers” under the Fair Labor Standards Act. (FLSA). The 2020 Final Rule …

This discussion should be read in conjunction with the unaudited consolidated financial statements of Northrim BanCorp, Inc. (the “Company”) and the notes thereto presented elsewhere in this report and with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Except as otherwise noted, references to “we”, “our”, “us” or “the …

Wednesday August 4, 2021 President Biden’s $ 6 trillion 2022 budget proposal focuses on protecting workers, including the American Jobs Plan and the American Families Plan. These two plans contain work and numerous employment initiatives. The budget proposes increased funding for the Department of Labor (“DOL”), the Equal Employment Opportunity Commission (“EEOC”) and the National …

President Biden’s $ 6 trillion 2022 budget proposal focuses on protecting workers, including the American Jobs Plan and the American Families Plan. These two plans contain work and numerous employment initiatives. The budget proposes increased funding for the Department of Labor (“DOL”), the Equal Employment Opportunity Commission (“EEOC”) and the National Labor Relations Board (“NLRB” …

Ken Fisher’s RIA, which employs 4,000 people, took 40 years to manage $ 100 billion in assets, experienced a downturn, and then resumed operations. Ken Fisher fought against the cancellation of culture and won – to the tune of about $ 100 billion in new assets under management. His eponymous company, Fisher Investments, topped all …

Hello and welcome to the opening day of the 2021 Industry Liaison Group (ILG) National Conference. After a one-year hiatus, the 2021 ILG National Conference officially kicked off today in Nashville, TN. Providing access to programming both virtually and in person, the conference works hard to address the realities of operating in a COVID world. …

On July 29, 2021, the United States Department of Labor (“DOL”) announced that it would repeal the Trump-era rule (the “Joint Employer Rule”) relating to the determination of joint employers for the purposes of assigning responsibility for wages and hours violations under the Fair Labor Standards Act (“FLSA”). The Joint Employer Rule, which came into …

United States: Watch your limits – FedRAMP publishes draft guide on licensing limits for public consultation July 30, 2021 Sheppard Mullin Richter & Hampton To print this article, simply register or connect to Mondaq.com. The FedRAMP Program Management Office is seeking comments on its Draft FedRAMP Authorization Limits Guide, Version 2.0, released July 13, 2021. …

The US Department of Labor announced on July 29 that it would repeal the March 2020 rule on joint employer status under the Fair Labor Standards Act (the “2020 Rule”). The DOL’s action removes the regulations set by the 2020 rule and will go into effect on September 28, 2021. 2020 Joint Employer Rule The …

Wed Jul 28, 2021 3:30 PM Second round of funding makes $ 48 million available to help New Yorkers find quality, well-paying jobs and to meet businesses’ short- and long-term labor needs √ Consolidated funding requests through the regional economic development councils open on Monday, August 2 Governor Andrew Cuomo on Wednesday announced the launch …

There are many forces that have driven the growth of telehealth over the past decade, including value-based reimbursement models, trends in population health management, and technological advancements. As we have discussed in previous blog posts, the COVID-19 pandemic was the jet fuel that propelled the use of telemedicine into the stratosphere. This growth was, in …

In November 2020, the Colorado Department of Labor and Employment (CDLE) adopted Colorado Overtime and Minimum Pay Standards Order (COMPS) # 37, which came into effect on January 1, 2021. COMPS # 37, like its predecessors, has outlines the requirements for employees to qualify for exemption from Colorado’s overtime and minimum wage requirements. Among other …

In April, we published an article on the US Department of Labor (DOL) Employee Benefits Security Administration (EBSA) that issues cybersecurity guidelines for employee pension plans. That is to say on April 14, 2021. Shortly thereafter, the DOL updated its audit investigations to include probing questions for plan trustees about their compliance with agency guidelines …

On July 21, 2021, the US Department of Labor (“DOL”) announced that a wide range of government contractors would be required to pay private sector employees at least $ 15 an hour, as part of a plan to implement President Joe Biden’s executive order signed last April. Our blog post on President Biden’s executive order …

Dive brief: Labor Secretary Marty Walsh argued for an increase in OSHA staff at a Senate subcommittee hearing last week, amid a demand that would increase both the number of safety inspectors and hours of work investigators reviewing employer payroll records by 2024. The department’s protection agencies lost 14% of their staff over the past …

Dive brief: Chipotle increased its revenue by 38.7% year-on-year, product sales by 31.2% and digital sales by 10.5% in the second quarter of 2021, according to the company’s earnings release on Tuesday. Digital sales generated $ 916.5 million for the channel in the quarter. The company’s returns are expected to continue improving as it accelerates …

Carolyn Armitage and Mark Bruno are gone for mutual benefit, while Echelon Partners roars, feeding the beast of mad buyers and sellers of AIR deals. Brooke’s Note: Small, high-performing businesses rarely operate by committee. They thrive on the leadership of one or two highly motivated protagonists who make decisions in real time. Although mergers and …

LexisNexis Special Services has been selected as a major vendor in a potential five-year, $ 1.21 billion global purchase contract to perform credential and credential verification work. identity for the Ministry of Labor, GovCon Wire learned. DOL is seeking entrepreneur support through the multi-reward BPA to prevent fraudulent activity and facilitate the fair distribution of …

(Photo: Shutterstock) Despite an almost 50% drop in the value of Bitcoin between mid-April and the end of June and crackdowns in the UK and China, Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, remains optimistic about cryptocurrencies. He also expects the Securities and Exchange Commission to approve a Bitcoin ETF. …

Labor rights advocates have used the west coast heat wave as a way to rally support to give California fast food workers considerable leverage in setting state wage and labor standards for national fast food chains. If the effort is successful and the proposed legislation is passed, the state’s quick-service workforce would have an important …

Legal procurement, operations and business optimization specialists are, more than ever, the professionals many organizations turn to for help in achieving cost savings, containment measures and greater control in the new legal market. How these professionals interact with internal legal advisors, clients and external law firms will have a direct impact on existing and new …

This is a weekly article highlighting labor topics developed by the legislative and executive branches of the United States over the past week. In this issue, we cover: Ministry of Labor regulatory program for spring 2021 Leadership Updates from the Work of the Biden Administration Senate HELPS Republican leaders lobby for hearing on President’s budget …

Integrated into the Consolidated Appropriations Act of 2021 (the “CAA”) is a new requirement for group health plan sponsors and insurers who provide health insurance to document that their group health plan or insurance policy complies with the non-quantitative processing limitations of the Mental Health Parity and Substance Abuse Equity Act 2008 (the “MHPAEA”). The …

In a report released on May 27, 2021, the United States Government Accountability Office (GAO) released the results of a 15-month investigation into the application of the 1974 Employee Retirement Income Security Act, as amended (ERISA) by the Ministry of Labor. (DOL). The GAO last conducted such a survey in 2007. The stated objective of …

DOL’s head of emerging technology describes how the department leverages RPA to reduce workloads and dollars spent. The Ministry of Labor is developing process automation robots to advance business processes and accelerate operations, said Krista Kinnard, Head of Emerging Technologies Department, at GovernmentCIO’s AI Gov Series: Future of RPA virtual event Media & Research. “In …

Just as everyday life itself has changed dramatically over the past 15 months amid the COVID-19 pandemic, so has the concept of leadership. As human contact and face-to-face interaction were removed from federal operations largely during the pandemic, IT managers were forced to communicate and engage with their teams in new, often virtual, ways. Nonetheless, …

Friday June 4, 2021: Most unemployment numbers drop – but we’re not out of the woods yet America’s reopening continues in full force with 559,000 jobs added to employers’ payrolls in May, the vast majority coming from the “long-term unemployed” (that is, unemployed for more than one year, mainly victims of the COVID-19 pandemic). BLS, …

The Government Accountability Office recently urged the US Department of Labor issue guidance on cybersecurity issues with the goal of mitigating risks to 401 (k) and other pension plans. The GAO noted that there were trillions of dollars in employer-sponsored defined contribution pension plans and that the DOL had not clarified whether the plan’s trustees …

The COVID-19 pandemic has not dampened the positivity of marijuana drug tests, which continued to increase last year across the U.S. workforce as a whole, new analysis finds published May 26 by Quest Diagnostics. The company said it was the first large-scale analysis of anonymized drug test results performed by lab workers during the COVID-19 …

Synopsis of Seyfarth: At May 21, 2021, California health officials have confirmed that the state’s long-awaited reopening date of June 15 is a date. With this announcement comes the long-awaited publication of details on the restrictions that are about to be lifted.– which seems to be pretty much everything, at least at the state level. …

Download PDF “Not if, but when” is a phrase commonly used to describe the risk of a data breach. With just under $ 11 trillion in assets, employer-sponsored pension plans are a particularly attractive target for cybercriminals. Through audits and advice on best practices, the Department of Labor (DOL) encourages pension plan sponsors to pay …

The US Department of Labor (DOL) has officially withdrawn a Trump-era rule that was announced to clarify independent contractor status under the Fair Labor Standards Act (FLSA). The repeal took effect on May 6, 2021. The ruling indicates that the current DOL will examine the relationships of independent contractors with a view to characterizing more …

Towards the end of President Trump’s term, the US Department of Labor (“DOL”) issued a new rule to determine the difference between “employees” and “independent contractors” under the Fair Labor Standards Act (“FLSA”) . This is an important distinction because the FLSA provides various protections for employees, including establishing minimum wage and overtime requirements, which …

Synopsis of Seyfarth: New York City has joined the growing list of jurisdictions to establish a mandatory automatic retirement savings IRA program for private sector employers who do not provide employees with access to a retirement plan. In doing so, it is part of the trend to offer employees who do not have access to …

Pension plans are increasingly subject to cybersecurity concerns, and the United States Department of Labor (DOL) is taking note. On April 14, 2021, the DOL published cybersecurity tips “For plan sponsors, plan trustees, record keepers and plan members on best practices for maintaining cybersecurity, including advice” for hiring service providers and online safety advice for …

Background The FDA announced in March 2020 that due to the pandemic, it was temporarily postponing all routine inspections of domestic and foreign surveillance facilities. [1]/ Importantly, the FDA continued to conduct critical inspections [2]/ where possible and engaged in other forms of review where permitted by law (eg remote inspections for overseas supplier verification …

On May 5, 2021, the United States Department of Labor (DOL) released a final rule repealing a 2020 rule promulgated by the Trump administration that made it easier to classify workers as independent contractors rather than employees for Fair Labor purposes. . Standards Act (“FLSA”). As a result, the DOL will revert to assessing independent …

“Not if, but when” is a phrase commonly used to describe the risk of a data breach. With just under $ 11 trillion in assets, employer-sponsored pension plans are a particularly attractive target for cybercriminals. Through audits and advice on best practices, the Department of Labor (DOL) encourages pension plan sponsors to pay attention to …

On May 6, 2021, the United States Department of Labor (DOL) withdrew the rules proposed by the Trump administration, which originally sought to revise the test for classifying workers as independent contractors at the federal level for purposes of wages and hours under the Fair Labor Standards Act (LSA). DOL Withdrawal alleges that the rules, …

Gone are the days when the US DOL’s Wage & Hour (“WHD”) division urged employers to proactively identify and collaborate with the division to correct their wage and hour errors. The chapter in which employers might expect WHD to step aside from the threat of double damages outside of blatant cases is closed. After years …

What awaits us For now, the Biden administration has indicated that it has no plans to release a new independent contractor test under the FLSA that may be more restrictive in finding an independent contractor relationship. However, there is both good and bad news on the horizon for employers that will ensure continued uncertainty around …