2025 NYC Employment Law Changes: What Every Business Owner Needs to Know
As a business owner in NYC, you must know that in 2025, employment laws will undergo significant changes that could impact your operations. These updates require immediate attention, from increased minimum wage and expanded overtime eligibility to stricter anti-discrimination policies. You can’t afford to overlook the potential consequences of non-compliance. Understanding these new regulations is […]
The New 401(k) Super Catch-Up Rule: A Breakdown
Starting in 2025, the U.S. government is introducing a “super catch-up” rule for 401(k) plans aimed at helping those nearing retirement boost their savings. Here’s a breakdown of this significant change: What is it? The super catch-up rule, part of the SECURE Act 2.0, allows individuals aged 60 to 63 to contribute even more to […]
Navigating Layoffs: Key Considerations Under the WARN Act
Managing layoffs means understanding the WARN Act’s essential requirements. If your organization has over 100 employees, you must provide at least 60 days’ notice for mass layoffs affecting 50 or more workers. Failure to comply can lead to significant penalties, such as back pay and benefits for those impacted. Certain exceptions exist, like unforeseen circumstances […]
