Federal Court in Texas Issues Nationwide Injunction Stopping Implementation of New Overtime Rule

On May 23, 2016, the United States Department of Labor published the final version of a rule that would significantly alter the “white collar” or “EAP” (executive/administrative/professional) exemption to the Fair Labor Standards Act’s overtime requirements.  Scheduled to become effective on December 1, 2016, the rule would have, among other things, required an employee to be paid $47,892 (or $921 per week), up from the current $23,660 (or $455 per week), to [...]

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Employers and Election Day Laws

The U.S. presidential election will be held Tuesday, November 8, 2016. How your business responds to employees taking time off for voting is regulated by state voting rights laws. In New York, employers are required to provide leave to allow employees ample time to vote in elections if the employee does not have four consecutive nonwork hours at the beginning or end of their shift when the polls are open. The length of the leave must be sufficient, when added to the employee’s voting time [...]

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Community Outreach With Major Health Systems

Modern Healthcare highlights community outreach initiatives by major health care systems. Maintaining not-for-profit tax status requires systems to provide community benefit which has been done in the past by giving uncompensated and charitable care. According to the article, "Expectations that the ACA-driven reduction in charitable care would force the nation's largest not-for-profit healthcare systems to step up their investment in community-based prevention programs have yet to be [...]

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Cybersecurity-The Board’s Role

As data breaches become more common, companies and organizations are adopting the mindset that it is no longer “if,” but “when” a security breach will occur. These incidents are both expensive and detrimental to a company or organization. A 2015 IBM study put the average consolidated total cost of a data breach at $3.8 million, a 23 percent increase over the previous two years. As your board secures and guides the future of your company or organization, board leaders [...]

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The results of a global study analyzing the financial impact of data breaches to a company’s bottom line have been released. Sponsored by IBM and conducted by the Ponemon Institute, the 2016 Cost of Data Breach Study: Global Analysis found that the average cost of a data breach for companies surveyed has grown to $4 million, representing a 29 percent increase since 2013. Cybersecurity incidents continue to grow in both volume and sophistication, with 64 percent more security incidents [...]

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