When a key employee announces that he or she is leaving, start preparing for the transition of the workload immediately. Assign someone to shadow the employee to learn the intricacies of the job, and communicate with your remaining staff about what is happening. Also, ask for the employees' help to make the transition as smooth as possible.
To retain top-performing employees, organizations must find new ways to keep them engaged. Employers can foster engagement by providing more opportunities for collaboration and looking for ways to implement ideas from employees to show their efforts are respected.
In a 3-2 ruling, the National Labor Relations Board expanded the definition of a "joint employer." The decision means that corporations could be held responsible for labor-law violations that occur at their subcontractors or franchisees. Business groups criticized the decision, and appeals are expected.
The Internal Revenue Service has issued proposed changes that would update and clarify the regulations governing the Sec. 6707A penalty for failure to disclose reportable transaction information. The new rules respond to changes the Small Business Jobs Act made to the way the penalty is calculated.
The Governmental Accounting Standards Board on Thursday published a volume of authoritative implementation guidance that reflects changes resulting from a yearlong feedback process.
Some insurance companies are offering coverage that would reimburse parents if their children have to withdraw from college in the middle of a semester for medical or mental-health reasons. However, the policies typically have exclusions and often won't cover withdrawals related to drug use or pre-existing conditions.
Wall Street's roller coaster ride appears over, as early trading today indicates volatility of the past two weeks is ending.
The US economy expanded an annualized 3.7% in the second quarter, according to a revised estimate by the Commerce Department, exceeding economists' expectation of 3.3% growth. The expansion, upwardly revised from 2.3% growth, was driven by business investment, inventory, government spending and consumer spending. Import data have been revised downward.
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