Tips for business succession planning
The longevity of a small business depends on a well-thought out succession plan. This can give peace of mind to the owner, his or her family, employees, and customers.
The longevity of a small business depends on a well-thought out succession plan. This can give peace of mind to the owner, his or her family, employees, and customers.
Suits claiming that business websites and/or mobile apps aren’t fully accessible to people with disabilities are increasing rapidly. In 2019, a quarter of such suits were brought against companies that had already been sued under the same cause of action. The suits were brought under the federal Americans with Disabilities Act. The key to protecting … Read more
A noncompete clause in an employment contract can be an effective way to keep a worker from leaving to work for a competitor for a defined period of time after he or she stops working for you. Sometimes independent contractors have as much, or nearly as much, company-specific knowledge as employees. So the question is … Read more
It’s a real drain on a business when you can’t get clients to pay. It’s ideal when you can take matters into your own hands and see results, but when you’ve tried everything else, sometimes you need to hire a collection agency. A collection agency is helpful if you haven’t been able to successfully contact … Read more
Not so fast. The loss of a good worker means the hassle of hiring a replacement, training the new person. and getting other workers to pick up the slack in the meantime. It’s even worse if the departing employee had specialized skills, intimate knowledge of your operations and information such as customer lists or trade … Read more
All businesses with 100 or more employees and federal contractors with 50 or more employees must submit their 2018 pay data to the U.S. Equal Employment Opportunity Commission (EEOC) by Sept. 30, a federal judge in Washington, D.C., has decided. The information, which must include how much each employer paid workers of various sexes, races … Read more
Annual or semi-annual employee reviews can be helpful in documenting worker issues to justify actions you might take, and in protecting yourself against potential lawsuits by disgruntled workers. They also can help your workforce identify ways to improve its productivity and professionalism. But if you go about the review process the wrong way, you may … Read more
Businesses need to get paid to stay afloat, and it’s no fun to spend a lot of time collecting a debt from a customer. When someone doesn’t pay and you need to collect, here are some tips for doing it: Be sure you know the rules where you live. State law debt collection rules vary. … Read more
Businesses that insert GPS trackers in their employees’ cars tend to see improved productivity, efficiency and safety. These devices also come with concerns over employee privacy, but the benefits often trump the risks.
The landscape around marijuana use has changed dramatically over the past couple of decades. While possession of even a small amount of marijuana used to be a crime across the country, 33 states and the District of Columbia have legalized its use for medical purposes, and 11 states (including Illinois on January 1, 2020) and the District of Columbia permit recreational use of marijuana as well.