The global business market has seen an increase in M&A deals in recent years. According to the Mergers and Acquisitions Condition Index, in July 2016 middle market business sale and business acquisition deals increased for the second consecutive month. Another noted trend is a decrease in deal closures - often the result of lack [...]
We’ve all been there. Whether you’re a business owner or a manager of a business, firing an employee can be tough. Follow the following six tips to make it easier for everyone to break-up the relationship and reduce the risk of wrongful termination or unfair treatment claims. Tip 1: Before firing an employee Give them [...]
Today’s job market is less than ideal. While the pool of job candidates is large, companies struggle to find manpower to fit their budgets. The solution for many companies is internship programs. Internships are becoming a standard graduation requirement at many colleges and universities with benefits to both employer and student. According to Brian Burnsed, [...]
Chicago requires wage increase starting annually. On December 2nd, 2014, the city of Chicago passed an ordinance to raise the minimum wage to $13 per hour. Under this ordinance, the minimum wage will be increased annually to the $13 limit by July 1, 2019. The incremental raises are scheduled for July 1 of each [...]
The US Department of Labor (DOL) announced new overtime regulations under the Fair Labor Standards Act (FLSA). Many workers who before were exempt from such overtime regulations will now become eligible to have their overtime pay. Under the new regulations, any worker making $47,476 or less must be paid overtime for hours worked in excess [...]
I used to tell to my friends and clients to hang up if they receive IRS collection calls. Similarly, the IRS and law enforcement officials often issue warnings about phone scams involving tax collection, and each time they claim the same thing: "The IRS will never call you to demand payment. It sends letters by mail." [...]
First of all, we would like to wish you a happy, healthy, and productive new year. As 2016 quickly gets underway, I'm sure you've been thinking of ways to become more efficient and successful this year. Yet, this year promises to be challenging in many respects. Many consumers will continue to struggle to get their [...]
Prospective clients often ask me how to find a good lawyer. The simple answer is: find a qualified lawyer who loves to practice law. It’s not easy, but it’s possible! Lawyers who love practicing law will likely be happier and easier to work with, thus making your overall experience more valuable and less frustrating. Let’s face [...]
In many instances, yes, you can be fired for social media comments or blogging! If you have a Facebook or Mypage, or like to comment on someone else’s blog post, be careful what you write. If your employer finds that your post or comments are offensive, disparaging, or disclose proprietary business information, you may be [...]
Timing of Employers’ Criminal Inquiries and Background Checks An Illinois legislature has recently adopted the Job Opportunities For Qualified Applicants Act (the “Job Opportunities Act”). Effective January 1, 2015, the Job Opportunities Act prohibits certain employers from inquiring into or considering a job applicant’s criminal history or background prior to considering such applicant’s qualifications. The [...]
