This month, the U.S. Department of Labor revealed a surprising statistic: unfilled and available job openings now outnumber unemployed Americans. In June, the number of unfilled job openings rose to 10.1 million, the highest level ever recorded. Meanwhile, the number of unemployed Americans rose to 8.7 million. This paradoxical discrepancy has many HR recruiters scratching…
Hiring Challenges in the New Post-COVID Reality Read More
Amendments to New York City’s Fair Chance Act (FCA), AKA “Ban the Box,” go into effect on July 29, 2021. The phrase “ban the box” comes from the removal of the “Do you have a criminal record?” question that requires jobseekers to respond either “Yes” or “No”. The Fair Chance Act is based on the
NYC’s “Ban the Box” Law Amendments Take Effect July 29 Read More
A new generation of restaurants, stores, and businesses are springing up in New York City – a year after the pandemic wreaked havoc on small business owners. According to Dan Clark of the New York City Economic Development Corporation, “business development in the city is the busiest it has been since last March.” What is
Why Now May Be a Great Time to Start a New Business in NYC Read More
Through the power of cloud computing technology, businesses can now internally manage tasks by tapping into web-based business solutions to access data, resources, and tools. From time tracking to payroll, nearly any business service can now be self-managed completely online. The benefits of going paperless in managing your company payroll are many – here are ten: 1.
10 Reasons to Switch to Paperless Payroll For Employees Read More
Starting today – July 15, families with children will receive more money due to the expanded Child Tax Credit. Working families can expect to receive up to $3,600 per child under the age of six, or $3,000 per under the age of 18. The credit would come as a monthly payment of up to $300
Expanded Child Tax Credit Monthly Payments Start Today! Read More
Finding a new hire isn’t so easy these days. Plus, it isn’t cheap either. On average, hiring a single employee can cost over $10,000. In some industries, that number can double depending on the salary of the person being replaced. That’s why you want to take the time to turn your new hire into a
Turning a New Hire into a Great Employee Read More
Even as federal Covid-19 relief programs end, like the Paycheck Protection Program, it’s likely your business may still need financial help. Last month, a survey by Yahoo Small Business reported half of the country’s smallest businesses continue to struggle due to the pandemic. The survey showed that just 38% of microbusinesses (those with fewer than
Small Business Funding is Still Available if You Look in the Right Place Read More
Small businesses around the country are being urged to apply for the Small Business Administration’s Economic Injury Disaster Loans (EIDL) and its Targeted (EIDL) Advance Grant Program. This is aimed at helping those businesses most impacted by the pandemic and those who applied for the program last year that did not receive full financial assistance. SBA
SBA Opens Targeted EIDL Cash Grants to Small Businesses Read More
With Amazon’s ‘Prime Day’ here, we ask how the online retailer impacts small businesses in good and bad ways. We recall the 2017 retail bankruptcy filings of iconic brick and mortar stores like RadioShack, Toys R Us, Payless Shoes, and more recently, Sears and Modell’s Sporting Goods. The decline of these and others was due
Amazon: Are They Really That Bad for Small Business? Read More
Findings from the Bureau of Labor Statistics has reported that US job openings soared by nearly one million! That’s the highest-level number overall since the bureau started tracking data over twenty years ago. In addition, there are several hot job markets that are hiring, which you can read more about here. Economists had originally predicted
Labor Market Explodes with Millions of Job Openings Read More
