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WeWork’s Potential Bankruptcy: What Will Be The Effect On Office Vacancy Rates?

Allwork

percent in San Francisco, up from 10 per cent in late 2020, according to data from CBRE.” Some locations may be good enough to make the loss of WeWork manageable in the sense that the building can be re-let to another occupier. In the first half of 2023, the delinquency rate rose from 2.75% to 4%. This raises questions for U.S.

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Wellbeing of HR professionals yet to return to pre-pandemic levels

Workplace Insight

This is according to a three-year comparative research project by Culture Amp and Thrive at Monash Business School, which found that in 2020, when the pandemic was first starting to bite, 45 percent of global HRs felt equipped to manage their own personal and work life demands.

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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). In fact, ROBS is currently the most popular form of business financing in 2023. Besides that, the business finance landscape has gone through many changes as of late.

Finance 105
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How to handle remote employee time tracking

BMT Office Administration

Prior to 2020, only 6% of all employees worked remotely. Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. While that’s great news for employees who enjoy the increased flexibility of working from home, it poses a significant challenge for managers.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. Does the business provide all necessary tools or equipment or does the worker provide their own tools? It is the end of the year, and that means that tax season is approaching.

Payroll 52