The Daily Rundown: America’s Seed Fund Coming to a City Near You

In today’s rundown: Cincinatti joins the growing list of cities to ban salary history questions and the SBA goes on the road.

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The Daily Rundown

Welcome to the Small Business Run Down. Each day we bring you stories and trends that impact small business owners and their workforce.

Today we’ll take a trip to the midwest to look at fair scheduling legislation in Chicago and Cincinnati’s new ban on asking for compensation. And it looks like the SBA is going on tour, too…

Home health providers concerned about trend in fair scheduling laws

Though home healthcare companies outside of Vermont are currently exempt from fair scheduling laws, the city of Chicago is considering an ordinance requiring employers to pay workers a premium wage if scheduling criteria is not met. Industry advocates note that scheduling services for clients with complex medical needs is a dynamic process that can change day-by-day, requiring a certain amount of flexibility not taken into account by the legislation.

The Number: 11. Chicago’s proposed fair scheduling bill requires that workers have at least 11 hours off between shifts and receive their written schedule at least 2 weeks in advance.

The Quote:While this is really specific to the city of Chicago right now, we know that oftentimes policy originates in one place and then quickly spreads. It’s in our best interest to be proactive and get it right.”

Cincinnati joins ranks of places banning salary history question

The Cincinnati City Council voted to ban employers from asking potential employees about their salary history last month. The law is aimed at closing the wage gap and protecting the rights of women and minority workers. Currently, 13 states and 11 municipalities ban the compensation question, while Michigan and Wisconsin have passed their own laws protecting the right of employers to ask for a salary history.

The Number: 13. A total of 13 states have enacted legislation forbidding the salary history question, while only 2 states have laws on the books to protect it.

The Quote:[W]ages should be based on job responsibilities and level of experience of the applicant rather than wages earned from prior employment.”

Keep your enemies close…and your employees closer?

Turns out that cybercrime isn’t the only threat facing smaller companies. Employee theft poses another risk that small business owners are particularly vulnerable to since they often lack safeguards to protect themselves and their company. Insecure technology and a family-like office culture can also play a role in creating opportunities for dishonest employees to steal from their boss.

The Number: $289,864. A 2016 review of 400 employee theft cases in federal court found that 68% of them occurred at companies with 500 or fewer employees and that these companies lost a median of $289,864.

The Quote: When you have five or 10 people in an office, you trust each other like family members.”

America’s Seed Fund coming to a city near you!

The Small Business Administration is taking their show on the road, launching a 16-city road tour to help connect would-be business owners with the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Each stop on the tour will be hosted by a local organization that supports small businesses in their quest to secure funding for R&D project.

The Number: $3 billion. The SBA’s SBIR and STTR programs supply SMBs $3 billion annually for technology advancements in fields like unmanned systems, advanced materials, health, cybersecurity and defense

The Quote: “This tour reflects our continued commitment to ensuring that these innovators are aware of SBA’s resources to help them reach that goal.”

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