Remove Company Remove Document Remove Filing Remove Legal
article thumbnail

SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

Big markets for coworking spaces are becoming increasingly competitive for workspace providers — with WeWork’s recent financial challenges creating opportunities for rivals to expand their presence. According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7

Legal 209
article thumbnail

Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

Not only are firms regularly using phony job titles to circumvent overtime payments, this practice is more common in companies where the employees have little to no bargaining power. It’s estimated that each fake managerial position saves companies almost 14% in overtime expenses.

Salary 293
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Setting up employee personnel files is an important part of the recordkeeping process. Rather, understand that general personnel files serve a distinct purpose. Cover letter.

Filing 121
article thumbnail

It’s time to review (or create) your document retention policy

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
article thumbnail

How To Successfully Combat Workplace Bullying And Harassment To Foster A Safe Work Environment

Allwork

Proactive measures like nurturing a strong company culture and having clear policies and reporting systems are key in preventing and addressing workplace harassment, bullying, and violence. Company policies can play a big role in preventing toxic behavior that can escalate to more serious cases of bullying, harassment, and workplace violence.

article thumbnail

WeWork Files to Go Public

Small Business Labs

WeWork released its S-1 this week, which is the legal document a company files prior to going public.  It's also a highly watched and controversial company, particularly due to its high private valuation and steep losses. Because of this interest, the S-1 filing is getting a lot of attention.

Filing 123
article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52