California has, once again, taken a bold move that is making the rest of the country take notice. We are clear-cutting the path for supplemental retirement savings.
More than half the employees who are offered a company-sponsored retirement savings plan, such as a 401(k), do not participate. As if that weren’t bad enough, 33 percent of Americans do not have any type of retirement savings at all.
Although the Department of Labor has “strongly disagreed,” that did not stop a federal judge in Texas from issuing an injunction to halt the new federal overtime rules that were to kick in on Dec. 1.
The injunction is a temporary suspension to the regulation. The judge will still need to make an official ruling, however it seems he has already “showed his hand” and is likely to uphold his original decision.
What is your instinct when faced with more employee turnover than you’d like? Do you ask your HR team to come up with more incentives and benefits? While that’s very nice, it’s simply not enough to have an employee recognition program, offer flexible schedules or implement a variety of other creative tactics to attract and keep talented staff.
Greenough Consulting Group, an accounting and financial services consulting firm, is pleased to announce Tracy Pappas has joined as our newest member of our CFO consulting group.
Tracy comes to GCG with extensive finance and accounting experience in private equity, venture capital fund administration and early stage start-ups. Prior to joining GCG, she was CFO at Aptus Endosystems, a privately held medical device company. She has also served as CFO for Scale Venture Partners and Synergy Life Science Partners. Tracy is a CPA (California) and received her B.A. in Economics from University of California at Berkeley.
Gender equality is not a new idea but it does have a new face and her name is Ellen Pao. Women have fought for their right to vote, for their rights to work in an environment free from sexual harassment, for equal jobs and equal pay. Pao’s case simply reflects the current struggles for today’s modern business woman.