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Share to Twitter Share to Linkedin New wage laws in California and New York City may compel employers to take steps when sponsoring employment-based immigrants that go beyond Department of Labor (DOL) regulations . The issue has received virtually no attention, but the October 2021 DOL-Department of Justice (DOJ) fine against Facebook shows complying with one government rule does not protect employers against other government enforcement actions. Facebook Settlement When companies sponsor employment-based immigrants, Department of Labor rules generally require an employer to show no available qualified U.S. workers are available for the position. The Department of Labor invented the regulatory requirement that employers must place advertisements, including print ads, to demonstrate the lack of available workers, even though the law does not mention advertising. “Although immigration law requires ‘labor certification’ for most employer-sponsored … [Read more...] about NYC And California Pay Laws Complicate Employment-Based Immigration

Share to Twitter Share to Linkedin Henrike Von Platen has been an equal pay activist for as long as she can remember. In 2016, however, she decided to change her approach. Instead of organizing campaigns to raise awareness, she started to work directly with companies to ensure fair pay. Von Platen launched the Fair Pay Innovation Lab, a nonprofit working with companies of any size to provide Fair Pay certification. That’s how she believes she can have the biggest impact. “I prefer talking positive and looking into making things better,” she said. “And that works and that's why it's so enjoyable.” FPI is a German-based organization, but Von Platen is not shy with her ambitions. “I want to certify the world to make sure the world pays fairly,” she said in a video call. To date, FPI has certified 11 German companies, and two in Iceland. Many more are currently going through the application process. To get one of FPI’s three certifications — … [Read more...] about This German Startup Wants To ‘Certify The World’ For Fair Pay

According to a tracking study released by the research company PYMNTS, “ Buy Now, Pay Later ” services (BNPL for short) are projected to increase in availability and scope over the next five years. Younger consumers, in particular, are increasingly fond of this payment option over credit cards. BNPL services and apps offer consumers more choice when it comes to large purchases, and they can be less expensive than using credit cards. However, consumers should still exercise caution when taking this option, because BNPL users may risk accumulating unsustainable levels of debt. Nearly 60% of consumers say they prefer buy now, pay later over credit cards. This preference is especially pronounced among younger consumers. BNPL payments can be easier to manage than credit card repayments, there is a simple approval process, and BNPL options can charge no interest if the debt is paid back on time. However, BNPL services can easily lead to consumers taking out several … [Read more...] about Why Gen Z Consumers Prefer “Buy Now, Pay Later”

A potential solution to this difficulty is Business-to-Business (B2B) “buy now, pay later” (BNPL) payment models. In recent years, BNPL has risen in popularity among consumers, allowing them to spread the cost of purchases over a series of equal payments. If businesses can do the same, some say, they can reduce risks, and ultimately be more resilient. Small, new businesses often need to invest a significant amount of upfront cash to get their ventures off the ground, but it can be risky. In response, payment providers are extending the BNPL model into the B2B space. These companies include Plastiq, Mondu, and Billie, all of which now offer BNPL solutions for both B2C and B2B customers. For small businesses, the availability of B2B BNPL represents both risks and rewards. B2B Payments Are Becoming More Flexible Many businesses are currently facing unpredictable market conditions. Consumer demand held steady in November, but many are nervous that rising interest … [Read more...] about “Buy Now, Pay Later” Lenders Spot A New Market: Small Businesses

Kiran Mazumdar-Shaw shared a photo of her with Vikram Kirloskar. (Image credit:@kiranshaw /Twitter) Condolences poured in from all quarters for the family of Vikram Kirlokskar, the vice chairman of Toyota Kirloskar Motor, who died in Bengaluru due to a heart attack on Tuesday . He was 64. Paying their tributes, several business leaders called Kirloskar a pioneer in the automobile industry in India. Biocon chief Kiran Mazumdar-Shaw , a close friend of Vikram Kirloskar , expressed her shock at her fellow Bengalurian’s sudden death. “Devastated with Vikram’s shocking demise. He was such a dear friend who I will hugely miss. I share the pain and unconsolable grief of Gitanjali Manasi n the family (sic),” she tweeted, sharing a photo of her with Kirloskar. Devastated with Vikram’s shocking demise. He was such a dear friend who I will hugely miss. I share the pain and unconsolable grief of Gitanjali Manasi n the family. May he rest in eternal peace. Om Shanthi … [Read more...] about ‘Devastated’: Kiran Mazumdar-Shaw, Uday Kotak pay tributes to friend Vikram Kirloskar

VerSe Innovation , the parent company of news aggregator Dailyhunt and short video platform Josh , has announced pay cuts and layoffs, people aware of the development said, as startups grapple with an increasingly challenging macro environment. The company, which had raised $805 million at a valuation of $5 billion , has cut salaries up to 11 percent for employees earning more than Rs 10 lakh per annum, the people said, requesting anonymity. The company has also laid off about 150 employees or about 5 percent of its workforce. These measures were unveiled in a town hall meeting, addressed by the company’s co-founders Virendra Gupta and Umang Bedi. They told employees that the next year will be tough and these measures will help make the company more sustainable. Bedi confirmed the development and said, “given the current economic climate, like other businesses, we’ve evaluated our strategic priorities. Considering the long-term viability of the business and our people, … [Read more...] about Dailyhunt and Josh parent VerSe lays off 150 staff, announces company-wide pay cuts

Paytm CEO Vijay Shekhar Sharma. Paytm chief Vijay Shekhar Sharma is willing to pay 10 times the monthly subscription fee of Twitter Blue if the social media giant can fast-track the blocking of fake accounts impersonating the real Paytm customer care handle. This afternoon, the Paytm founder and CEO flagged one such fake account pretending to Paytm customer care on Twitter handle. The Twitter handle “@KritiSh65439316” has been running with the username “Paytm Customer Care” and using the Paytm logo as its profile picture. The account has even been responding to Paytm customers on the microblogging platform. In one such post, the fake Paytm account urged a Twitter user to share his phone number via direct message. It went on to provide a “secondary number” for one Kirti Sharma. Paytm’s Vijay Shekhar Sharma responded to the fake account’s tweet, tagging new Twitter owner Elon Musk. “Dear Elon Musk, we will pay $80/month, if you give us methods to fast forward blocking … [Read more...] about Not $8, Paytm CEO is willing to pay $80 if Elon Musk releases this Twitter feature

Democratic Chicago Mayor Lori Lightfoot is facing an ethics complaint over funds she received for her re-election campaign, according to a report. An ethics complaint filed Wednesday in Chicago by Democratic Chicago Alderman Raymond Lopez alleges that Lightfoot received a first-time donation of tens of thousands of dollars to her mayoral re-election campaign from Chicago Fire Football Club owner Joe Mansueto as part of a pay-for-play scheme, according to WTTW News. Less than two months after Lightfoot supported a proposal that gave around 26 acres of public land from the Chicago Housing Authority (CHA) to his football club to build a training facility, Mansueto allegedly donated $25,000 to the Chicago mayor, ProPublica reported . Although still waiting for federal approval, if the deal is successful, Mansueto will pay around $40 million to lease the land from the CHA for at least 40 years, according to ProPublica. (RELATED: Famous Crooks Who Are Democrat Megadonors) … [Read more...] about Chicago Mayor Lori Lightfoot Accused Of Pay-To-Play For Trying To Give Public Land To Sports Team

Share to Twitter Share to Linkedin Topline The U.S. men's team secured a spot in the round of 16 at the 2022 Qatar World Cup after narrowly defeating Iran in a thrilling match Tuesday—and here's how much they are set to earn based on how far the U.S. advances, and why the women’s team will be rooting extra hard for their success. Key Facts Most of the prize money depends on where the teams finish at the World Cup: FIFA, the event organizer, will dole out $440 million to the 32 national teams, including $9 million each to the 16 teams eliminated at the group stage, $13 million to teams knocked out in the round of 16, followed by escalating amounts that culminate with $30 million to the runner-up and $42 million to the winner. Each national soccer federation determines how to divvy up that money, but the U.S. payout is already set by a collective-bargaining agreement — and part of the money will go to the U.S. women’s team, even though they’re … [Read more...] about Here’s How Much U.S. Soccer Players Will Make From The World Cup Based On How Far They Go

Share to Twitter Share to Linkedin New mental health challenges are impacting our organizations now daily - And it is not easing up any time soon. Mental health since COVID has been deteriorating by 25% from Pre-COVID statistics. I was on a call yesterday with a former CEO of a major securities firm, and he simply said, everyone I know is depressed or have children feeling sad. When you dig harder into the research as I have pointed out in prior blogs, we have 20-30 % of people worldwide waking up and starting their day - either sad or angry. So, what are our board directors or C-levels doing to increase more focus on health and wellness of the organizations they are governing. Dr. Robbie Babins, CEO of a Calgary Counselling Center has stated: I believe the pandemic is transformational in terms of the more open conversations we are having and the ways in which our communities and workplaces are approaching mental health and taking it action to make it … [Read more...] about New Challenges Arising In Mental Health That Board Directors Must Pay Attention To