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VIEWPOINT: Employers need to activate HERO Act compliance plans now
State includes COVID-19 under the law On Sept. 6, Gov. Kathy Hochul directed the New York State Commissioner of Health to designate COVID-19 as a highly contagious communicable disease that presents a serious risk of harm to the public health. The designation is official and available on the NYS Department of Health (NYSDOH) website (https://health.ny.gov/press/releases/2021/docs/2021-09-06_commissioner_designation.pdf). By way […]
New state laws tackle subcontractor wages, shared-work benefits
New state laws that Gov. Kathy Hochul signed on Labor Day make construction contractors liable for the wages owed to their subcontractors and extend shared-work benefits. They also establish a demonstration program to implement speed-violation monitoring systems in work zones to help keep workers safe and require the payment of prevailing wage to building service employees at
VIEWPOINT:Top 5 Considerations for Updating Policies & Procedures
Emerging from the trials and tribulations from the pandemic, many business owners learned valuable lessons to keep their companies running smoothly. Those ranged from updating health and safety protocols to staying agile in business operations. However, one of the most crucial lessons to continue throughout the future is the importance of keeping policies and procedures up
VIEWPOINT: 7 Ways Leaders Can Finish the Year Off Strong
It’s been a challenging year for many businesses due to the pandemic. Whether you’ve thrived or struggled in difficult times, there’s no doubt challenges came your way. Many entrepreneurs neglect self-care and work much more than they should, often resulting in burn-out and lower productivity. With September being Self-Care Awareness Month, this is the time to slow
Community Bank System’s new CHRO to begin post on Oct. 1
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief human-resources officer (CHRO). Gillan-Myer has more than 29 years of leadership and oversight experience in all aspects of human resources and is currently serving as HSBC USA’s CHRO. She
Small group health-insurance premiums in NYS to rise over 7%
Insurers serving New York’s small-group market will raise their premiums, on average, 7.6 percent after requesting an average increase of 14 percent. That’s according to the New York State Department of Financial Services (DFS), which on Aug. 13 said it reduced the average increase by 46 percent, “saving small businesses over $468 million.” DFS also
Harris nominated as DFS superintendent
ALBANY — The New York State Senate will consider Gov. Kathy Hochul’s nomination of Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent. Formerly a top economic advisor to President Barack Obama, Harris would become the state’s top financial regulator. She would succeed Linda Lacewell, who resigned from
VIEWPOINT: Ask Rusty: My Social Security Income Hurts When I File My Taxes
Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I filed our joint tax return, we owed the IRS a substantial amount of money — they took 85 percent of my SS in taxes. We
Community Bank System names Gillan-Myer chief human-resources officer
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief
M&T Bank Corp. to pay quarterly dividend of $1.10 per share in late September
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock. The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main
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