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Navigating COVID-19: 6 Things HR Pros Should Remember
These are unprecedented and turbulent times for everyone. As a human resource professional, here are a few things to consider when navigating in crisis times. The health and safety of your workforce comes first. Staying informed is the best way to prepare your team. Use reliable sources such as the Center for Disease Control, World Health Organization, Department of Labor,…Read More -
5 Ways to Keep Your At-Home Workers Engaged During COVID-19 Outbreak
Being a good corporate citizen, you have sent those employees who can work from home to what may be a completely different situation for many. This scenario is not to be confused with those sent home due to lack of work that you are not compensating. If those are non-exempt, there are ramifications for both payment of hours if you…Read More -
Payroll Considerations Under FFCRA
Please make sure that you are up to speed on the latest payroll procedures, so you don’t overpay your payroll taxes! On March 20, the IRS issued a release on the mechanics of recovering the sick, family and medical leave paid under Families First Coronavirus Response Act (FFCRA) from the IRS. (See our post, "FACT SHEET - The Family First…Read More -
Managing the Workplace in the Age of COVID-19
As we continue to navigate the changing landscape of COVID-19, Fahrenheit wanted to provide some guidance on what we all can do to ensure the culture in our organizations is not largely impacted by actions taken today. This guidance is for informational purposes and should not replace guidance from legal counsel. In times of crisis, an organization should always rely…Read More -
Business Strategy – COVID-19 Quick Tips for Turbulent Times
Cash is King – Know your liquidity position, no matter what! Map out your cash flows for the next 30-60-90 days. Find ways to reel in what you are owed and manage what you pay out. Don’t Panic, but don’t ignore what’s going on around you – Writing down the things that have changed for you and taking your best…Read More -
FACT SHEET – The Family First Coronavirus Response Act
On Wednesday, March 18, 2020, President Trump signed the Family First Coronavirus Response Act into law. This action expands existing laws and creates new obligations for employers in an effort to assist workers affected by the spread of the COVID 19 virus. While there are provisions of this law that impacts employees – such as the providing of COVID 19…Read More -
COVID-19: What to Do When You Don’t Know What to Do
Wow! How did we get to this place of disruption so quickly? We’ve never been in this place before and it’s hard to know what to do first. The World Health Organization (WHO) declared COVID-19 (coronavirus) a pandemic on March 10, 2020 and it has literally rocked our world. As leaders in business, we’ve never been faced with this before.…Read More -
Are You a Joint Employer?
Companies that use a lot of subcontractors have long awaited clarification of the joint employer rules under the Fair Labor Standards Act (FLSA). Designation as a joint employer is a critical distinction, since joint employers are responsible for payment of wages and compliance with overtime rules. Historically this issue has been most important in the construction industry, where the use…Read More -
How to Prepare Now for Looming Bookkeeper Shortage: A SMB Guide
The conventional wisdom for several years has been that bookkeeping and accounting clerk positions are doomed for extinction. Automation has been expected to take the place of many manual and repetitive tasks in the accounting world, reducing the need for these paraprofessional positions. A recent article in Strategic Finance magazine puts a different spin on this topic. It’s two major conclusions are:…Read More -
How to Make the Most of Your Multigenerational Workforce
Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a more positive work environment for…Read More -
Acquiring a Business? Ask Yourself These Questions First
Completing a business acquisition can be very exciting and rewarding. Set yourself up for long-term success by hiring financial, legal and business advisors to walk you through the process. Here are three key questions to ask yourself in the preliminary stages of an acquisition and then several other items to consider as you move into due diligence. Before considering the…Read More