Changes are being made to what can be included in severance agreements. If you are an employer, you need to be aware of recent decisions made by the National Labor Relations Board. What's the Purpose of a Severance Agreement? A severance agreement is a contract between an employer and an employee that outlines the [...]
New year means new employment laws for 2023! If you are a business owner, now is the time to take a look at the new laws that went into effect at the beginning of the year. Here is a quick rundown of the laws you should know. Minimum Wage Minimum wage in Illinois has [...]
A buy-sell agreement prevents things from becoming complicated when a co-owner of a business leaves and shouldn’t only cover planned exits. There are many scenarios in which things can go south between owners or an emergency arises. Numerous disasters can arise on the back end of a business partner leaving the business. Here are a [...]
Working remotely has become the norm as we have been navigating the COVID-19 pandemic. While some employees are returning to the office as restrictions are lifting, others consider working remotely to be their new norm. If you are managing a remote team, you may be finding it's difficult to connect as the in person interactions [...]
If a business has multiple owners, eventually a change in ownership will need to happen. An owner will retire or move on for another reason. Don’t forget that emergencies can also happen. Changing ownership doesn’t need to be complicated. Planning ahead will help dispel disaster when the time comes for a transition. The plan [...]
In Severson v. Heartland Woodcraft, the Seventh Circuit Court of Appeals provided clear guidance that a request for leave of two months or more is “too much” to be considered as a reasonable accommodation under the ADA under any circumstances. Employers often deal with situations in which an employee is temporarily unable to work as [...]
Another day - another notice of a data breach. This time, the Illinois Department of Employment Security (the “IDES”) database has been breached. It means that anyone who filed for Illinois unemployment insurance benefits prior to March 2017 is at risk of an identity theft. According to the notice of data breach, “a malicious third [...]
Hedge funds have been around for decades, but recently they have seen a sharp increase in popularity. This popularity is due, in part, to the Wall Street’s focus on the investors’ short-term benefits (or “short-termism”) and the lack of oversight over the hedge fund industry. Now, the question is whether the newly proposed Brokaw [...]
Procrastinators won… at least this time! Less than two weeks before the new Department of Labor’s (DOL) overtime rule was scheduled to go into effect, a Federal judge from Texas granted an emergency injunction putting the new overtime rule on hold indefinitely. The new overtime rule, impacting millions of workers nationwide, was set to [...]
There’s no doubt that there is a rise in “gig employees” worldwide. The greater number of gig employees, also known as independent contractors or freelancers, is due, in large part, to the extensive accessibility of the Internet. The United States Government Accountability Office reports that 12.9% of the workforce in the United States were [...]
