Here’s news you can use in a constantly changing business environment, including a ruling that could affect many exempt employees, how to cultivate inclusion for all employees, why you should skip emojis for bookkeeping and more.

1. Exempt classification could change — Recently the U.S. Supreme Court ruled that an oil rig supervisor’s position was non-exempt and that he was entitled to overtime pay. Congress is considering legislation that could amend the Fair Labor Standards Act.
2. Cultivate inclusion — Even without a dedicated diversity, equity and inclusion team, there are ways to can develop a sense of belonging among your employees.

3. Skip the bookkeeping emojis — One of the many lessons learned since the downfall of the cryptocurrency exchange FTX was not to use emojis to approve transactions.
4. How to improve collections — Most businesses will face nonpaying customers at some point. Discover what to do if a client misses a payment deadline.

5. Take care when cutting costs — Short-term cost-cutting can do long-term harm to your organization’s performance and customer satisfaction. Learn how to think beyond lower prices to broader changes that may reduce spending costs while continuing to provide long-term quality experiences.

Thank you to our Friday Five sources:  Small Business Association of Michigan, Entrepreneur, Inc., U.S. Chamber of Commerce and Entrepreneur.

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