About two weeks ago, independent research teams identified a vulnerability in OpenSSL― the technology that powers encryption across much of the Internet. The news of this vulnerability, popularly referred to as the “Heartbleed bug,” has spread rapidly from tech blogs to the mainstream media.
Akamai, our Content Delivery Network provider, assured us last week that Replicon was not affected by this vulnerability. We learned today, however, that an independent security researcher contacted Akamai this past weekend about defects in the software they used to protect their SSL keys. A bug, in fact, was present, and neither the data nor the keys were fully protected.
Paring costs has been critical for organizations that were hit hard during the recession. Many have migrated to a shared services approach due to the mounting business pressures, and many more are seriously exploring the idea.
For most organizations, time-off management is an essential part of managing their workforce. Unscheduled time off, for instance, can throw a wrench into established employee schedules and can cause potential overtime and compliance issues. But whether scheduled or unscheduled, employee absences have a huge impact on the overall productivity of an organization, and can directly affect the bottom line.
Corporater Inc. is a privately held company established in 2000 with its headquarters in Norway. As a major provider of Enterprise Performance Management solutions, Corporater helps businesses of all kinds effectively maintain organizational alignment and execute strategy.
Shared services centers (SSCs) are growing in popularity as organizations increasingly understand the savings potential that can be realized. But what exactly is an SSC, and how can your organization benefit? In simplistic terms, ‘shared services’ is the consolidation of business operations used by multiple business units within the same organization. The idea behind setting up an SSC is to be able to centralize and standardize processes across all services domains to reduce operating costs, drive economies of scale, establish and follow best practices to improve service levels, and build efficiencies by removing redundancies.
Times are soon going to get a little bit more challenging for organizations. They’ll be faced with several new labor regulations that are likely to come into effect, and will need to be aware of steps to take to comply. While many might see the new requirements are an additional burden, the right way to look at it is as an opportunity to increase quality and productivity, and to create a happier workforce. The first step is to streamline the employee time tracking process so that organizations can reduce administrative overhead, increase accuracy, decrease errors, get paychecks out in a timely fashion, and ensure regulatory compliance.
If you’re concerned about the bottom-line impacts of labor law non-compliance penalties, you’ve got good reason to be. The Wage & Hour Division of the U.S. Department of Labor (DoL) recovered more than $280 million in back wages for over 308,000 employees in fiscal year 2012, and the DoL has increased its budget for fiscal year 2014 to combat compliance-related litigation.
Clearly, not all businesses are striving to do everything they can to stay compliant. A case in point: a Pizza franchise in Manhattan has just settled a wage-and-hour class action lawsuit for $1.28 million.
Many companies rely on contingent workers and/or joint employment of workers to temporarily augment their workforce due to seasonal or cyclical variations in their business. As the US Department of Labor (DoL) steps up enforcement of Fair Labor Standards Act (FLSA) regulations, employers need to be aware of—and compliant with—the regulations surrounding contract labor.
According to an article in the Wall Street Journal’s CFO Journal, “The pressures on CFOs are enormous — and mounting. Some, such as ongoing external volatility, are obvious, while others, such as time creep, threaten the overall performance of finance itself.”
If you’re like other CFOs, one of your top ten concerns is avoiding execution missteps that lead to cost overruns or higher expenses. Sixty percent of your peers worry about whether their current strategies can flexibly withstand change, and 85% admit concern about being able to implement and execute any new strategies.
Replicon is the leader in cloud time tracking applications. We help more than 1.5 million people in companies of all sizes better manage workforce attendance, projects, shared services resources and professional services organizations.
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