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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
(The Center Square) – About a dozen new Illinois laws set to take effect Jan. 1 impact employers. House Bill 5561 prohibits employers from taking retaliatory action against an employee who ...
To ensure that these loans are repaid and in accordance with Title XII of the Social Security Act, the federal government is entitled to recover them by reducing the FUTA credit it gives to employers, which is the equivalent of an overall increase in the FUTA tax. When a state has an outstanding loan balance on January 1 for two consecutive ...
The Illinois Department of Labor (IDOL) is the code department [2] [3] of the Illinois state government that is responsible for the administration and enforcement of more than 20 labor and safety laws. [4] Its director is Jane Flanagan, who was appointed in by Governor J. B. Pritzker. [5]
The redundancy compensation payment for employees depends on the length of time an employee has worked for an employer which excludes unpaid leave. If an employer can't afford the redundancy payment they are supposed to give their employee, once making them redundant, or they find their employee another job that is suitable for the employee.
SBA loan statistics. According to the SBA, at the end of 2023 fiscal year:. $27.5 billion in SBA 7(a) loans was approved. Almost 70 percent of 7(a) loans were for amounts under $350,000
First, the law constrains the purposes for which strikes are allowed. The National Labor Relations Act of 1935 only covers "employees" in the private sector, and a variety of state laws attempt to suppress government workers' right to strike, including for teachers, [325] police and firefighters, without adequate alternatives to set fair wages ...
Here’s what portion of qualifying Illinois borrowers could see their student loan debt wiped out under President Biden’s one-time cancellation plan.