News & Trends for Business & HR in NY, NJ, CT | What businesses and employers need to know… | Page 2

Living Wage bill for NYC approved

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The second of two controversial wage bills for NYC passed earlier this week. On Monday, the City Council overwhelmingly approved the living-wage bill, the partner legislature to Read Full Article »

Senate passes commuter tax credit via $109 billion transportation bill

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On Wednesday, March 14, Senate passed a $109 billion transportation bill that includes a commuter tax benefit that allows mass transit users to Read Full Article »

10 brain boosting superfoods to boost employee health, productivity

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“Eat your dinner. You want to be smart, don’t you? Fish is brain food!” Many a mother has uttered similar dinnertime phrases to their Read Full Article »

NYC a hot region for tech startups

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The recent announcement that Cornell and Technion-Israel Universities will be building a state-of-the-art applied sciences center on New York City’s Roosevelt Island has brought national attention Read Full Article »

Mayor Bloomberg vetoes the first of two wage-increase bills for NYC

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New York City Mayor Michael Bloomberg on April 25 vetoed the first of two City Council bills that would raise the wages of workers employed by businesses that Bloomberg vetoes two wage bills for NYCreceive government subsidies. The prevailing-wage bill would increase wages for the service workers in buildings that receive government subsidies, and its legislative brother, the living-wage bill, would raise the minimum wages for a larger group of NYC workers whose employers also receive public subsidies. Bloomberg has also promised to veto the living-wage bill after its Council passage, even assuring a court battle against the two bills if (rather, when) the Council overturns his vetoes.

Effectively managing a poor performer

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When a company comes to the realization that it has poorly-performing individuals on its team, it seems easy to blame the employee themself, and to disregard the fact that underlying structural or managerial practices might be contributing to the creation of these underperformers. Many of the analyses of the issue of poor performance in an organization say that identifying the weaknesses of certain workers should not be done to necessarily chastise or punish – or even force out – a troublesome worker, rather the successful manager will look to the identification of a poor performer as a gift, where flaws in both supervisory and bureaucratic policies can be revised.

Over 50 percent of workers plan to keep working after retirement

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For many people near retirement age, continuing to work is becoming their new reality.  A 2011 study by Harris Interactive© for CareerBuilder and PrimeCB.com found that over half of those surveyed – aged 60 and over – will seek new work after retiring from their current position.  And while some have retirement plans on the eventual horizon, over ten percent don’t see retirement as a viable possibility in their futures whatsoever. 

Is the No-Hour Workweek right for your company?

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As technological advances modernize the way business gets done and workers adjust their lives accordingly, much lip service is given to the idea of restructuring the contemporary work day so that employees can best take advantage of some of the benefits that the web and personal computing devices offer.  Not only is technology changing many of the presuppositions about how work should get done, but people are changing what they want to get out of the very work they do, too.  Jon Stein, founder of the investment firm Betterment, thinks his company’s No-Hour Workweek is one such way that forward-thinking 21st Century companies can best marry the technological advancements we’ve come to enjoy with the desire for fashioning a more contented, productive worker.

Workplace audits increase as the undocumented worker issue prevails

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Through the reinstatement of the Social Security Administration’s (SSA) no-match letter-sending and heightened numbers of worksite audits, the federal government is trying to combat a seemingly out-of-control issue regarding the large numbers of undocumented workers in this country.  Employers who face these letters and/or worksite investigations which mandate them to produce I9 employment-eligibility forms for all employees may eventually find out that, unwittingly, they have been employing undocumented workers for years.  Some businesses have lost record numbers of their employees from these stepped-up procedures.

New York State and City added striking numbers of women-owned businesses in last 15 years

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New York State has added a whopping number of women-owned businesses since 1997. Census data analyzed by American Express OPEN, the small-business-based branch of the company, shows that there are an estimated 674,200 firms owned by women in the state, up 71.1 percent in the last 15 years.  The New York metro area has the largest concentration of these women-owned businesses, and it experienced a 31.2 percent jump in the same timeframe.  

Under the Wage Theft Prevention Act, NYC workers claim victory against unlawful pay practices

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A victory for underpaid restaurant workers has been claimed in New York City recently, with the West Village hookah bar/lounge and restaurant Veranda admitting to wage violations that will cost the owners $200,000 in total.  Under the almost-year-old Wage Theft Prevention Act (WTPA) of NY $150,000 will go toward repaying employees who were compensated below the hourly minimum wage and not given overtime wages, when due.  The remaining $50,000 will go toward lost wages, damages and penalties for the wrongful termination of two employees who first brought the wage violations to light.  It is only via the WTPA that such large penalties due to retaliation are incurred.