News & Events

Businesses that are not preparing for the possibility of a recession within the next year are gambling because experts put the odds of an economic downturn as a true coinflip.

“The median probability of a recession over the next 12 months is 47.5 percent, up from 30 percent in June, according to a Bloomberg survey of economists completed last week,” reported CNBC on July 20, 2022.

In March, those odds were just 20 percent. The latest survey was conducted July 8-14, with 34 economists responding about the chances of recession.

Russia’s invasion of Ukraine and the response by the United States and other Western allies has prompted fears of a massive cyberwar with American businesses as potential targets.

“The Russian-Ukraine conflict could trigger a massive cyberwar, "New Scientist" surmised. An unprecedented cyberwar is likely, Senator Marco Rubio warned,” wrote The Atlantic in February. “Cyberwar sounds bad – and it is.”

Every business generation has its own unique challenges, some epoch-defining such as the Great Depression, World War II and the turbulent ‘60s, but today’s owners are faced with a multitude of threats from the COVID-19 pandemic to extreme weather to civil unrest to workplace violence.

When a crisis does strike, your business must be prepared to launch a “people first” disaster recovery strategy that puts your employees ahead of all other considerations.

It's only been a few weeks since news broke on the SolarWinds hack, but it could take months, and even years, to fully understand the damage done by the sophisticated nation-state cyber attack on the federal government and private companies.
 
The U.S. Cybersecurity and Infrastructure Agency (CISA) said the malicious activity poses a grave risk to the federal government.”

The Equal Employment Opportunity Commission (EEOC) is an independent federal agency created by Congress in 1964 to eradicate discrimination in employment. The Commission enforces various statutes that prohibit employment discrimination on the basis of race, color, sex, national origin, religion, retaliation, age, and disability or protected veteran status.

When considering the Fair Labor Standards Act (FLSA)  as an employer, several questions come to mind.