Have you heard about the Closing Loopholes Bills 2024? This transformative legislation is reshaping the Australian employment landscape, impacting both employers and employees. Here's what you need to know: 👉 Right to Disconnect: Employees gain the right to ignore work-related communications outside of standard hours. This promotes work-life balance but may require adjustments to workplace culture and management practices. 👉Changes to Casual Conversion: Casuals have the right to request conversion to a permanent role after 6 months. More requests for permanent positions will potentially lead to increased bureaucracy and reduced workforce flexibility for employers. 👉Setting Minimum Standards for the Gig Economy: Introduces minimum standards for gig workers, potentially impacting business costs. Businesses need to absorb new costs, requiring strategic planning. 👉Increased Union Rights to Investigate Underpayments: Unions gain increased rights to investigate underpayments, potentially leading to unwelcome intrusions and productivity disruptions. Employers must ensure compliance with wage regulations and establish clear boundaries for union investigations to minimise disruptions. 👉Changes to Union Bargaining Powers: Bargaining discussions must result in terms no less favourable than the starting point, impacting negotiation dynamics. Businesses may experience more frequent bargaining sessions, requiring robust industry strategies to navigate negotiations effectively. As businesses adapt to these changes, it's essential to stay informed, proactive, and agile in ensuring compliance while remaining competitive. What are your thoughts on these developments? 🔗For more details, check out the insights provided by the Fair Work Commission: Closing Loopholes Acts: What's Changing
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Although there can be benefits to taking a lump-sum settlement in a workers compensation claim there can be some risks as well. Your settlement could end up too low or you could lose out on additional benefits that may be needed after the one time payment. The best way to know what you should do when presented with a settlement offer is to meet with an experienced attorney to discuss your specific case.
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Read our recent Tax Alert addressing the IRS review of ERC Claims including its plan to deny tens of thousands of the highest-risk ERC claims and the expected impact on M&A transactions: https://brnw.ch/21wL0f0
IRS Prepares for Next Stage of Combating Fraudulent Pandemic-Related Employee Retention Credits (ERCs)
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Sr. Product Owner, Sr. Product Designer, UX Researcher with 15+ Years Experience in Agile/Scrum Business Analysis, Quantitative and Qualitative User Research, Prototyping, Agile, SaaS / Enterprise/ Mobile UX
HR Professionals: With so much changing, are you keeping up with the impacts? Are you *sure* you've covered all the bases? Calling Principle HR could not only help you sleep better at night, but hit the ground each morning running smoother and further...
President-Owner @ Principle HR Solutions | HR Consulting Expert | Fractional HR | Leadership Consulting
Seismic changes have occurred for businesses this week. With the Department of Labor’s changes to the minimum salary to be considered exempt and the Federal Trade Commission’s ruling on Non Compete agreements, some employers are going to be scrambling to meet the new rules. Principle HR is here to help clients navigate these changes with ease and assist in complying with these new rules. Have questions? Call me directly at 615-601-1658. We”ll take care of the legwork and minimize the business disruption you have to deal with.
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First reported on Tuesday, the fallout from the ban on non-compete agreements in employment contracts in the US is having an impact. Interesting article in the FT again outlining Wall Street firms scrambling to a) find workarounds b) challenge the decision and c) think about how to retain without golden handcuffs. There is a learning in this surely regardless of the outcome - create positive environments where people want to stay, thrive and grow and they won't leave anyway. These clauses typically impact key senior talent most. There has always been a question mark over the enforceability of these clauses if they are 'excessive'. This does seem like another US based decision to give employees more control / power on foot of a number of states banning prospective employers asking salary history in addition to mandating posting of salary ranges on job adverts.
Ban on non-compete agreements sends shockwave across Wall Street
ft.com
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Experienced Business Immigration Attorney | Assisting employers and international employees with comprehensive U.S. immigration strategies for nonimmigrant visas, immigrant visas, and naturalization.
#ImmigrationProTip: The new FLAG website allows individuals to check the status of a PERM filing by entering the case number on the Case Status Search webpage. Information about the current processing times for PERM applications also remains available on the FLAG website. Currently, the DOL takes approximately one year to process a filed PERM application. 🗓 #PERMLaborCertification #GreenCard #BusinessImmigration
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The latest Government Connect Newsletter Issue 18 is now available, focusing on Employer Annual Reconciliation, Enhancement to the Dispute Resolution process for Trusts, and reporting of digital fraud and enhancements to the eFiling registration process... https://bit.ly/3wJ68Gg
Government Connect Issue 18 (May 2024) | South African Revenue Service
https://www.sars.gov.za
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Read our recent Tax Alert addressing the IRS review of ERC Claims including its plan to deny tens of thousands of the highest-risk ERC claims and the expected impact on M&A transactions: https://brnw.ch/21wL0f0
IRS Prepares for Next Stage of Combating Fraudulent Pandemic-Related Employee Retention Credits (ERCs)
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The new rule, which goes into effect on March 11, uses a six-factor balancing test to determine a worker’s status. It will replace the current rule emphasizing two core factors: control over the work performed and the worker’s opportunity for profit or loss. https://ow.ly/Sz0C50QJFFz
New Test for OT Eligibility Rife With Land Mines for Employers | National Law Journal
law.com
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The Labor & Employment Practice Group released the client alert "A Closer Look at the FTC’s Final Non-Compete Rule" by Joseph Lavigne and Madison Gaines, J.D. Click the link below to read more to learn how this rule will impact US businesses that utilize non-compete agreements to protect confidential business information and other important intangible assets. https://bit.ly/3UpDQse
May 6, 2024 -- Labor Client Alert | A Closer Look at the FTC's Final Non-Compete Rule
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Did you know that the Meredith Principles ensure that in the event of injury there is a no-fault system and benefits are secure? Learn more about worker's compensation in this guide. https://ow.ly/CUFU50Sz39u
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