The California Legislature is well into its 2021 Legislative session and February 19 was the last day to introduce new bills. Below is a sampling of some wage and hour bills that employers should have on their radar. Assembly Bill 1003 – Wage Theft as Grand Theft AB 1003 would make an employer’s intentional theft of wages, in an aggregate amount greater than $950 punishable as grand theft. AB 1003 would prevent intentional theft of wages that is punished as grand theft from being punished under any other criminal provisions but would authorize wages, benefits, or other compensation to be…
Women are Better Investors Luckily, women are statistically better investors, which can help to overcome some of the challenges discussed above. Women tend to be less inclined to jump in and out of the market based on “hot tips” or media headlines. As investors, they are typically better at sticking to their devised financial plans and staying the course through market fluctuations. As a result, a study performed by Fidelity in 2016 of more than 8 million clients found that women generated investment returns that were higher by 40 basis points, or about 0.4%.  Does this surprise you? It surprises…
Have you recently thought about the impact that a business acquisition can have on a business that is in the market for a sale?  Perhaps not. It is possible that this impact thought will only occur if you, as a business owner have considered your various sale options – ranging from shutting the business down, selling the business to your employees or a key employee(s) to acquisition by an outside group of investors.…
On the surface, it may look like women face many of the same financial life planning concerns as men, such as managing debt and assets and saving enough for retirement while living a meaningful life that aligns with their core values. But financial life planning for women is very different. Not only do they face unique financial challenges, but their behavior and values are different, as well.  At the heart of it, financial life planning is about aligning your spending habits with what is most important to you. It’s about utilizing your assets to live an authentic life that you…
The Consolidated Appropriations Act, 2021 (CAA) was signed into law on December 27, 2020. This major funding bill included the COVID-Related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Following are highlights of the provisions affecting employer-sponsored benefit plans: Flexible Spending Arrangements (FSAs) The CAA allows for certain relief pursuant to health care and dependent care FSAs as follows: Carryovers — All unused benefits in plan years ending in 2020 may be carried over into the plan year ending in 2021. Similar relief is also available for unused FSA benefit carryovers for…
In this Expert Interview, AdvancingWellness CEO Mari Ryan is joined by author and thought leader Todd Cherches.   Mari Ryan: Welcome to the Workplace Wellbeing Essentials Series. I’m Mari Ryan. I’m the CEO and founder of Advancing Wellness. It is my pleasure to welcome you today to this expert interview where we explore topics that impact employee wellbeing. My guest today is Todd Cherches. Todd is the CEO and co-founder of Big Blue Gumball, a New York City-based consulting firm specializing in leadership development, public speaking, and executive coaching, as well as a founding partner of the Global Institute for…
Data breaches are a common occurrence in today’s business environment. While many businesses have turned to cloud applications for better productivity, scalability, and savings, some business owners worry that the cloud is more vulnerable to data breaches than an on-premises data center. The truth is that any computing environment is vulnerable if you don’t take steps to prevent a data security breach. Here are simple steps to protect your data in the cloud. Know your cloud apps: Get a comprehensive view of the specific threats that business apps pose. Ask questions like: Which ones render you more or less prone…
Have you ever watched Shark Tank or seen the words “patent pending?” Have you ever seen a ® but not know what it means? If you have ever thought patents and trademarks are only for big companies, check out this webinar. Intellectual property attorney Lesley Wallerstein represents plastics and metal fabricators like you. She helps them obtain patents, trademarks and licensing agreements that give them a competitive advantage in the marketplace. She will demystify these legal tools and processes for you. You will discover what patents, trademarks and licenses are, as well as their benefits. You will leave with a…
Overview Many privacy laws require that organizations implement “reasonable security”.  There have been many definitions of reasonable security.  The Sedona Conference issued a final commentary on reasonable security for personal information on February 17, 2021.  This definition is likely to be accepted by courts and other adjudicators across the US.  It is based on a cost-benefit analysis of safeguards implemented by an organization at the time of a data breach. The intended audience for this document includes security and privacy attorneys, board members and organization executives, data privacy officers and chief information security officers. The Reasonable Security Puzzle “Reasonable security”…