On Friday, March 10th, 2023, Silicon Valley Bank was closed by regulators and put into receivership. This is the largest bank failure since Washington Mutual in 2008. On Sunday, March 12th, a second institution – Signature Bank – was also shut down. Many business owners are now concerned about their bank and the financial system
California’s 2023 Pay Transparency Law – Frequently Asked Questions
On September 27th, 2022, California Governor Gavin Newsom signed Senate Bill 1162 into law. This bill has a significant impact on pay disclosure requirements for small, midsize, and large businesses across the state and takes effect on January 1, 2023. Most owners that we speak with say that they are not ready and are worried
Executive Highlights: Is Your Business Prepared for California’s New Pay Transparency Law?
On September 27th, 2022, California Governor Gavin Newsom signed Senate Bill 1162 into law. This bill has a significant impact on pay disclosure requirements for small, midsize, and large businesses across the state and takes effect on January 1, 2023. California companies with 15 or more employees will be required to include pay scale info
Executive Highlights: Navigating Onsite, Remote, and Hybrid Work Models
The COVID-19 pandemic created a mass social experiment in working from home (WFH), changing the post-pandemic future of work. This shift has created complex challenges. Leaders must meet varied expectations in the context of a volatile post-pandemic office culture. In this Executive Highlight, we explore when and where remote work is beneficial. We conclude with
Executive Highlights: Is Your Business Prepared if the U.S. Government Defaults on Its Debt?
Treasury Secretary Janet Yellen recently warned Congress that if the debt limit is not raised by October 18th, the U.S. government will default on its debt. Economists project that a U.S. default could have a catastrophic impact on the fragile U.S. economy. In this Executive Highlight, we explore what “default” really means, what is expected
Executive Highlights: California Business Reopening and Economic Recovery
On June 15th, almost 15 months after the first shutdown orders were issued in the Bay Area, California “fully reopened” its economy. This is an important milestone and an opportunity for us to both reflect and plan. As we look forward and discuss what the reopening means for business, at ClearPath we believe it is important to keep each new challenge in the context of the past 15 months. Just one year ago, business leaders were fighting for survival: setting up remote networks, struggling to obtain everything from PPE to laptops, adapting to constantly changing restrictions, obtaining PPP loans and other financing, and above all trying to protect the health and livelihoods of their employees. We overcame those challenges and more, both business and personal. The problems business leaders face in the second half of 2021 are small by comparison.