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Balancing People and Profits
Employers face tough choices during times of recession. Often financial difficulties force a decision between reducing the workforce and remaining profitable. Before deciding to eliminate jobs, keep the following considerations in mind:
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Preparing for Business Disasters
Even though you may not operate in an area prone to natural disasters, other factors may arise without warning, putting your company at risk. It could damage your property, as with fire or vandalism, or affect your workforce, such as a flu epidemic. A backup generator to supply electrical power could prove invaluable in temporary power outages. How well is your company prepared? Consider the following:
More HIPAA Regulations - Are You Ready?
The American Recovery and Reinvestment Act of 2009 passed in February included new provisions to the Health Insurance Portability and Accountability Act (“HIPAA”). While most of the changes are scheduled to take effect in February 2010, the new notification rules (see below) will begin this September. For employers, the new rules may add both a greater HR administrative burden and a greater risk of privacy-related lawsuits. In addition, this administration advocates a bigger push towards enforcement, on both state and federal levels.