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Downtime is the biggest cyber threat to manufacturers

Today’s manufacturers are highly automated and connected. However, with every advancement in technology comes associated risk. IT downtime in a manufacturing plant can cost an average of $5,600 per minute or $300,000 per hour. The bigger the company the greater the risk (and the costs) when a critical process is interrupted. In these situations, a properly designed insurance policy can be the difference between bankruptcy and the ability to restore operations.

While you were out sick: Why you should care about new laws on paid sick and medical leaves

Echoing the movement towards new employee-friendly laws, multiple states and municipalities have started mandating not just sick leave, but paid sick leave as well. For employers with employees in the affected states or municipalities, it is crucial to update their policies and handbooks to reflect the new legislations. Additionally, budgetary concerns must be addressed.

DOL proposes new overtime exemption salary threshold

On March 7, 2019, the Department of Labor (DOL) proposed revisions to the Fair Labor Standards Act (FLSA) white collar exemption rule. The DOL is proposing a minimum salary threshold to increase to $679 per week (which equals an annual salary of $35,308). The threshold currently sits at $455 per week ($23,660 annually). With an anticipated effective date of January 1, 2020, this proposal signals the Department’s desire to bring the required salary amount to a dollar figure more representative of modern-day wages.