Group lift-outs, where a team of employees leaves a company to join another, can present notable challenges for businesses. These events have become more common in various industries, including financial services, insurance, technology, and design.
In addition to the operational disruptions caused by group lift-outs, payroll management also plays a role in maintaining employee morale and financial stability. Ensuring accurate and timely payroll is essential for preventing dissatisfaction and retaining key employees.
In a recent discussion, William A. Nolan, a trial lawyer and partner at Barnes & Thornburg, provided insights into the causes, prevention, and recovery strategies related to these events.
To dig deeper, visit the original article on the Thomson Reuters blog.