The So-Called Historic Low of Unemployment in Puerto Rico
In recent news, the headlines tout a record-low 6.1% unemployment rate in Puerto Rico, celebrating apparent economic progress. However, digging deeper into the numbers reveals a more complex story that goes beyond the surface-level statistics. The reality is that a significant portion of the population remains outside the official scope of these figures, painting a […]
Navigating Workplace Toxicity: Effective Management Strategies
Toxic workers can pose a significant challenge for any organization, especially for small businesses, and in jurisdictions like Puerto Rico, where strong employee protection laws are in place. Their presence can create a hostile work environment, affecting not only the morale of other employees but also the overall productivity and success of the company. In […]
Pregnant Workers Fairness Act
La ley federal Pregnant Workers Fairness Act entrará en vigencia el 27 de junio de 2023, con el objetivo de hacer obligatorio que los patronos brinden acomodo razonables a las trabajadoras embarazadas que experimenten problemas médicos relacionados con el parto o las dolencias del embarazo. La ley aplica tanto a los empleadores públicos como privados, […]
Regulatory Strategies Aimed at Reducing Corporate Short-Termism and Their Effectiveness
Introduction Short-termism is a concern based on the idea that management objectives abandon long-term outlooks in favor of short-term gains based on movements of stock markets that eventually impact the value of companies and negatively affects the economy. There are critics to this view. Some sustain that short horizon are an agency issue. Others state […]
Non-Compete Agreements May be Banned by the FTC
On January 5, 2023, the The Federal Trade Commission (FTC) announced a proposed new rule that would ban employers from imposing non-compete agreements or clauses on their workers (also termed as “noncompete”). These have become increasingly common in the U.S. labor market. The FTC considers that they limit the mobility of workers and their ability […]