As over-regulation continues to be a bane of existence for many CEOs and company owners, business leaders are encouraged to see examples where the modern trend toward regulatory overreach is frustrated, turned back, or at least seriously challenged.
Manufacturers are trying to stay a step ahead of the growing movement at the state and federal government levels to ban “microbeads” of plastic that are used in personal-care products ranging from skin exfoliants to soaps to toothpaste.
There’s quite a political donnybrook going on in Michigan right now, as business leaders froth at the crumbling condition of the state’s roads, while politicians scramble to finger new funding sources after voters in early May solidly rejected the idea of boosting sales taxes to pay for the repairs. But some experts—in particular Harvard Business School professor Rosabeth Moss Kanter, who wrote the book, Move: Putting America’s Infrastructure Back in the Lead—believe other states and cities easily could find themselves in the same place.
The federal government plans to pile on thousands of new or tightened regulations in the next few months, and many business chiefs are concerned that this could retard economic growth once again.
If your company uses independent contractors or workers from staffing agencies, make sure your HR department has correctly identified whether they’re ‘common law’ employees based on the IRS definition.
November’s midterm elections revealed that, more than five-years after the recession ended, Americans remain concerned about the economy. Companies can help by focusing on improving staff morale, loyalty and retention.
Recently Trader Joe’s had to tell its associates that it had to revise its health benefits in the wake of the Affordable Care Act (Obamacare). CEOs who face similar challenges in having a straight conversation on healthcare with their “crew members” (employees) should take note.
The SEC has just proposed a rule that will require all public companies to report the ratio between the total pay of the CEO and the median pay of all other employees (excluding the CEO). Some of the unintended consequences --particularly for employment-- will be severe.
Conceding, in effect, implementation problems with the Affordable Care Act, the Obama administration is delaying enforcement of a key provision of the new health-care law that requires large employers to provide coverage for workers or pay a penalty in 2014, the biggest revision so far to the federal health-care overhaul. The knock-on effects for business may prove significant.
Leaders of major companies – not just financial firms – increasingly recognize that, especially in today’s increasingly complicated environment and complex business organizations, it can pay to develop a more positive relationship with regulators, but for this to work regulators need to be flexible too.