Time To Pay, Or Not Pay, The Piper: Fiscal Cliff Part 2
December 20, 2012, 1:20 PM EST
Law360, New York (December 20, 2012, 1:20 PM EST) -- In our first article addressing the Budget Control Act of 2011, we noted that the impending "fiscal cliff" of tax increases and spending cuts would cause sufficient financial pressure on the nation's employers that many might conclude that there was no option other than to engage in layoffs. But the financial consequences of "going over the cliff" need not be so dire for employers. There are options short of layoffs.
In this article, we address the wage and hour issues related to some of those options,...