The Federal Reserve, responsible for adjusting interest rates to control inflation, has been closely monitoring the job market, which continues to fluctuate. The number of jobs being added each month is slowing down, although it is still exceeding predictions. The unemployment rate is also up, at 3.6%. However, this number is still just about the lowest unemployment rate the country has ever experienced – that is to say, this is not necessarily any reason to panic.
This year, New York joined the ranks of states such as California, Connecticut, and Washington who have pay transparency laws on the books.
Compliance is only one piece of the puzzle, although a crucial one. Companies must provide their employees, both able-bodied and disabled, with access to career development opportunities as well as reasonable workplace accommodations.
Last year, enforcement of the Health Insurance Portability & Accountability Act (HIPAA) imposed more financial penalties on covered entities and business associates than ever before. Could your organization be at risk?