| News and information for the building service contracting industry |  |
| Industry Update |  |  |
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| Government Affairs | | |
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- Companies face more regulatory scrutiny over contractor classification
State and federal regulators have cracked down in recent months by filing lawsuits seeking millions of dollars in back pay and taxes from companies alleged to have misclassified workers as independent contractors. Some companies are fighting back against a multiagency effort that has resulted in the collection of $9.5 million in back wages for more than 11,400 misclassified employees. Targeted companies span the labor spectrum and include construction, package delivery, trucking and exotic dance. The Wall Street Journal
(3/3)     
- Sequestration might hit small-business lending
Sequestration might affect small businesses' access to capital, especially companies that rely on Small Business Administration loan guarantees. Cuts to SBA loan guarantees could lead small businesses to alternative lenders, some say. CFO.com
(2/28)
| Business Best Practices | | |
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- 10 steps that CEOs can take to create leaders
Top leaders should constantly try to improve themselves and should set similar standards for their organization's other senior managers, Dan McCarthy writes. "A CEO's behaviors are powerful -- they set the expectations for the rest of the management team, creating a trickle-down effect of leadership development," McCarthy writes. SmartBrief/SmartBlog on Leadership
(2/28)
- Transparency is better than cool, says Qualtrics CEO
Transparency isn't just a cool-sounding bit of corporate jargon -- it's a way to ensure that all your workers are pulling in the same direction, Qualtrics founder Ryan Smith says. "We want to be transparent because we want to encourage our people to have all the information to keep them focused on what really matters -- our objectives and how they're going to contribute," Smith says. The New York Times (tiered subscription model)
(3/2)
- 3 ways to boost employee retention without giving out raises
Even if you can't offer your employees higher salaries, you can encourage them to stay by giving them the flexibility needed to excel, communicating your business' purpose and giving them some control over their work, according to Daniel Pink. In fact, for some employees, those actions provide more workplace satisfaction than money, Pink says. Business Insider
(2/27)
| BSCAI News | | |
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 | Every time you spend money, you're casting a vote for the kind of world you want."
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