The report, which uses recent data collected by the Institute for Women’s Policy Research, estimates that while the ordinance will cost Newark employers a total of $8.5 million before benefits, projected savings resulting from expectations such as reduced turnover higher productivity would amount to roughly $12.7 million. Further analysis shows that while implementation costs are ...
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Government
Gender-equity notice requirement now on the books
Copies of the notice, which are in both English and Spanish and may be circulated on paper copies, email or exclusive company websites, are being issued and made available by the state Department of Labor and Workforce Development. The law states that companies will have until Feb. 5, or 30 days following the issuance of ...
Read More »State bill to protect pregnant women in the workplace heads to governor’s office
The bill, S-2995, passed the Assembly and has been sent to the governor’s office. It would augment the existing federal law, which prevents employers from firing or refusing to hire pregnant women, by adding regulations for how pregnant women are treated on the job. “The federal Pregnancy Discrimination Act was an important step forward for ...
Read More »With long-term eye on Washington, some expect changes from Christie in 2014
But with all indicators currently pointing to a run at the White House in 2016, Christie may have to use this year to set the stage for a possible national campaign and test the political waters. Simpler: Second-term Christie may be very different from first-term Christie. “I would expect there to be some differences,” Jenkins ...
Read More »NJBIA president ACA confusion, wage hike will make early 2014 tough for employers
A combination of the continued confusion surrounding the Affordable Care Act rollout, a rise in the state’s minimum wage and looming mandatory paid sick-leave legislation could potentially all hit employers at once in the next few months. But as New Jersey Business & Industry Association president Phil Kirschner points out, the traditionally slow business months ...
Read More »STORY OF THE YEAR The Affordable Care Act
One event almost always stands out. This year is no exception. The NJBIZ 2013 Story of the Year has to be the Affordable Care Act. How big is the story? You could say it influenced and impacted every person and every business in the state in 2013. Or you could say this: It’s hard to ...
Read More »N.J. Chamber president Minimum wage hike will raise employers’ costs in 2014
“Their costs are going up,” Bracken says of employers. As of Jan. 1, the state’s minimum wage will be set at $8.25, representing an increase of $1 from the previous $7.25 mark. On Election Day, voters opted for the hike through a constitutional amendment which will tie all future increases to the consumer price index. ...
Read More »Report ACA signups in NJ more than doubled in November
“We are hearing anecdotally from different states that their signups are picking up steam,” said Hector De La Torre, executive director of TCHS. “So you may see a big jump in the December figures for people who want coverage starting Jan. 1.” Depending on their income, individuals and families get federal subsidies to help them ...
Read More »New deadline for Obamacare enrollees
In yet another change, the deadline for signing up for health plans under the Affordable Care Act has been extended.
Read More »Report New minimum wage in N.J. will affect 12 percent of state’s workforce
The report also says the wage hike will generate over $173 million in new economic growth in 2014 and “support the creation of the equivalent of 1,300 new jobs as businesses expand to meet increased consumer demand.” On Election Day, voters opted to raise the minimum wage by $1 to $8.25 through a constitutional amendment. ...
Read More »Fishermen’s Energy tells BPU it feels it has made its case for wind farm
On nearly every issue that arose, the company cooperated with the BPU’s requests, Driscoll said. “When asked, we capitulated,” he said. The company is seeking to build what would not only be the first of its kind in New Jersey, but for anywhere else in the country as well. The proposal spawned from the state’s ...
Read More »Obamacare change to assist those with canceled plans complicates matters for insurers
The Obama administration said Thursday night it will exempt people who received notices that their health plans are being canceled.
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