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Commerce Department to Tighten Export Controls on Cybersecurity Items

  • Commerce Department releases interim final rule tightening export controls on cybersecurity items
  • Controls aim to prevent American exports from being misused and contributing to authoritarian practices
  • Comments being accepted through Dec. 6, with the final rule set to go into effect on Jan. 19
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Improving Collaboration When Your Employees Work on Multiple Teams

  • Businesses sometimes use a matrix model where employees report to multiple managers
  • The approach can improve collaboration and creativity, but also raises the possibility of cognitive overload and burnout
  • How businesses can improve the matrix model so they realize the benefits and minimize the disadvantages
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Connecticut Manufacturers Brace for Stronger Rules on “Forever Chemicals”

  • Environmental Protection Agency proposing rule to strengthen regulations on “forever chemicals” known as PFAS
  • Connecticut passed a law earlier this year banning the use of PFAS-containing firefighting foam and phasing out their use in food packaging by 2023
  • Some manufacturing groups worry that the EPA rule will result in a time-consuming process that is more likely to negatively impact smaller firms
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CBIA: Labor Shortage is Main Obstacle to Connecticut’s Economic Growth

  • Connecticut Business & Industry Association calls for more aggressive efforts from Connecticut executive and legislative branches to return people to work
  • Organization says figures show state lagging behind in jobs growth, unemployment
  • Call comes in response to September’s jobs report
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Business News Roundup

An effort to wrap up major legislation by the weekend, new travel guidelines, investor support for green building initiatives, a new trend of "skimpflation," an initiative to help women fund women entrepreneurs, and federal funds for workforce training in Connecticut…

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Inspector General Warns of Continuing Fraud Risks, Other Challenges in SBA Programs

  • U.S. Small Business Administration Office of Inspector General releases annual report on key challenges facing the agency
  • Report identifies fraud vulnerabilities as ongoing issue in the SBA’s financing programs
  • Other issues include ensuring that recipients of taxpayer-funded financing are eligible to receive the money and IT upgrades
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Don’t Forget the Contractors When Updating Your Company Strategy

  • The extended workforce, or workers who are not classified as employees, has become a more critical part of how many businesses operate
  • However, the arrangement can also make it more likely that these workers will be excluded from company strategies
  • Steps leaders can take to better incorporate the extended workforce into their goals and planning
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Survey: Nearly Half of U.S. Workers Feel Underemployed, Underpaid

  • 47 percent of respondents in recent survey say they feel underemployed or underpaid in current job
  • Results reflect a general restlessness in the labor force as numerous people quit to pursue other opportunities
  • Survey also highlights certain deficiencies in higher education and skills-building opportunities
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Human Resources Professionals Turning Attention to Critical Skills Building

  • Human resources professionals prioritize the building of critical skills and competencies in recent poll on goals for 2022
  • Other priorities include organizational design and change management, strengthening their current leadership bench, addressing the future of work, and diversity, equity, and inclusion efforts
  • HR professionals should be aware of how rapid skills evolution is affecting employees
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Business News Roundup, Oct. 25, 2021

Federal Reserve officials on inflationary trends, labor challenges impacting small business, reduced optimism among business economists, fewer holiday shopping details, more willingness to raise prices, and an effort to secure a Connecticut disaster declaration are among the top business news…

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