Governor Newsom signed a number of employment-related laws that take effect on January 1, 2020. As always, California often leads the way in the area of protecting workplace rights. In his first year signing legislation into effect, Governor Newsom showed a willingness to adopt pro-worker laws and even surpass his predecessor, Governor Brown.
California is on course to reach a minimum wage of $15/hour for businesses of all sizes by 2023 -- with incremental increases over the next few years. On January 1, 2020 the statewide minimum wage will rise to $13 an hour for employers with 26 or more employees and $12 per hour for employers with 25 or fewer employees.
Accounting is typically a CEOs least understood function in the business. Many times companies are looking for the perfect time to outsource their accounting and by the time they make the switch, they wished they would have done it sooner. Why? Outsourced accounting teams are more cost effective and also have a rigorous check system between bookkeepers, controllers and a CFO team.
Recently, the United States Department of Labor (DOL) issued its final rule increasing the minimum salary test that a worker must meet in order to be classified as exempt under the Fair Labor Standards Act ("FLSA"). The rule increases the federal minimum salary test to $35,568 effective January 1, 2020.
Each year, the flu season hits the United States. The severity and length varies -- with some years being much worse than others. One thing we know for sure is that the flu season affects both your employees’ health and welfare and your company’s bottom line. According to the National Institute for Occupational Safety and Health, up to 17 million employee workdays are lost during the flu season each year -- at an estimated $7 billion per year in sick days and lost productivity.
Time off for the holidays is a common employee request. If you are in charge of the office holiday scheduling, keep in mind that employers also must provide reasonable accommodation to religious practices.
Creating a culture of accountability should be the goal of every company in 2020 and is definitely one of ours here at CEA. Yet, in a recent survey of over 6k CEOs, 53% stated that although they are focused on getting results, holding people accountable is difficult. It takes courage to address problems quickly and real intention to create a culture of accountability.