Linkedin Facebook Twitter
InnovatorsLINK

News

CBIA Outlines Outstanding Questions on Connecticut Wage Disclosure Law

  • Connecticut’s law requiring employers to disclose a position’s wage range to employees and applicants under certain circumstances took effect Oct. 1
  • Connecticut Business & Industry Association says guidance from the state’s Department of Labor offers some insights on the issue, but leaves some questions unanswered
  • Employers have some leeway in how they set compensation, including how they offer raises or bonuses
Read more

How Businesses Can Manage the Slowdown in the U.S. Economic Recovery

  • Several factors have been contributing to a slowdown in the United States economic recovery
  • Economists writing for the Harvard Business Review suggest that such a deceleration is normal for a V-shaped recovery, and that many challenges are short-term or less severe than they might seem
  • Businesses advised to take a broad approach in developing strategy rather than trying to keep up fluctuating market trends
Read more

SBA COVID-19 Program Paid $4.5 Billion More Than Recipients Entitled To, Inspector General Finds

  • U.S. Small Business Administration investigation finds that EIDL Advance grant program overpaid sole proprietors and independent contractors by $4.5 billion
  • Program was designed to quickly provide aid to struggling businesses, but had few anti-fraud protections
  • Overpayments occurred when self-employed applicants claimed to have employees but did not provide any Employer Identification Numbers to support the assertion
Read more

U.S. Posts Another Month of Slow Jobs Growth, With Just 194,000 New Positions Added

  • U.S. economy adds 194,000 jobs in September, while unemployment rate falls to 4.8 percent
  • Hiring likely slowed as the Delta variant drove a new surge in COVID-19 infections
  • Leisure and hospitality sector continues to post the most new jobs, but hiring in the food and beverage sector showed little change after strong gains earlier this year
Read more

Business News Roundup, Oct. 8, 2021

A debt ceiling agreement, a presidential appeal to businesses on COVID-19 vaccine mandates, faster leisure and hospitality recovery in highly vaccinated states, greater demand for college graduates, and the results of a Connecticut state employee vaccine mandate are among the…

Read more

United Way of Connecticut Offers Four-Point Plan to Bring Down Connecticut’s Unemployment Rate

  • United Way of Connecticut outlines four recommendations for employers to get more people into the labor force
  • One recommendation involves improved flexibility, while the remainder suggest ways that United Way services can provide assistance
  • The recommendations are specifically geared toward assisting workers facing constraints due to lack of income or insufficient care options
Read more

Small Businesses Reconsider Reliance on Facebook After Outage

  • Some small businesses lost thousands of dollars in revenue as a result of Facebook and Instagram’s outage on Monday
  • The incident has prompted some entrepreneurs to revise their digital marketing strategy after realizing they are overly reliant on certain sources
  • Companies are committing to diversifying their marketing and developing their own websites
Read more

As Employees Seek Greater Flexibility from Employers, Employers Can Request the Same of Their Workers

  • Flexibility became a more valued workplace culture benefit as remote work arrangements proliferated during the COVID-19 pandemic
  • Businesses can take steps to allow flexible arrangements, but might also seek flexibility from employees in return
  • Companies should set clear expectations of when employees must be available and what outcomes must be met
Read more

How Missing a Deadline Can Sink Entrepreneurial Ideas

  • Harvard Business School researchers find that approximately three out of four entrepreneurs miss their initial deadline for product release
  • As they gain business experience, entrepreneurs tend to get worse at setting deadlines as they underestimate the complexities involved in developing new products
  • Non-linear thinking and other tips for avoiding delays
Read more

Business News Roundup, Oct. 7, 2021

Financial executives' warnings on the debt ceiling, a call for stronger COVID-19 vaccine requirements, the effectiveness of existing mandates, falling unemployment claims, outdoor dining investments, a Connecticut farmer resource, and Connecticut manufacturing priorities are among the top business news items…

Read more
[um_loggedout]

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.
Sign Up
[/um_loggedout]
il-logo-white

Connecting Connecticut businesses with resources and like-minded entrepreneurs.

InnovatorsLINK is a Benefit Corporation
Contact Us
Linkedin Facebook-f Twitter
Resources
Community
User Account
About
Help