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Degree of Operating Leverage


“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, …

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 …

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 …

On May 5, 2021, the U.S. Department of Labor (DOL) removed an end-of-term rule from the Trump administration to determine whether workers should be classified as independent contractors or employees under the Fair Labor Standards Act. The old administration rolled out the rule on January 7, 2021, and although it went through the entire rulemaking …

On May 5, just months after the US Department of Labor issued its final rule to clarify the classification of independent contractors under the Fair Labor Standards Act (FLSA) – the DOL issued a statement to withdraw the rule. The withdrawal will take effect on May 6. The action follows DOL’s hint of its disfavour …

On April 14, 2021, the Department of Labor’s Employee Benefits Security Administration (“ZIEB“) issued, for the first time, guidance on best practices for maintaining cybersecurity. The guidance comes in the form of three documents: “Cyber ​​Security Program Best Practices”, which aims to help plan trustees and service providers meet their responsibilities for managing cyber security …

Monday April 26, 2021: the director of the OFCCP prepares the ground for what is to come: the audit selection methodology of the CSALS and OFCCP continues OFCCP Director Jenny Yang Kicks Off DEAMcon21 (DirectEmployers 2021 Annual Meeting Conference) with a bang! Prior to a record-breaking virtual turnout from DE members, partners, and state and …

Investors Genstar, Aquiline and Atlas have sold Ascensus in a transaction valued at $ 3 billion to bring together experts in the preparation of the Stone Point IPO, according to reports. Take that. Genstar and Aquiline just sold Ascensus at a value of $ 3 billion after an asking price of $ 2 billion failed …

On April 27-28, the Multistate Tax Commission Uniformity Committee (UC) virtually held its spring meeting. In addition to voting for the adoption of a UC charter, the following uniformity projects have been put forward: Partnership project– The CU approved a recommendation from the standing subcommittee to develop a model or uniform state law on partnership …