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Dated: 11-24-2016
Now that the Department of Labor’s much touted overtime rule has been put on hold, at least temporarily, it would be interesting to watch how things would unfold in the coming days.
While the business is cheering on the decision, about 4 million workers in the country whose salaries have been revised or were awaiting a revision will be the most impacted.
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8
Dated: 11-24-2016
A federal district court judge’s decision to block Department of Labor’s (DOL) new overtime pay regulations, scheduled to go into effect on December 1, 2016, comes as a blow to employers who were already grappling with how to comply with the rule in the first place. The decision issued on November 22, 2016 overturned a major rule, especially at a time when businesses were all set to implement new policies adhering to the rule that would have come into place a week later. So much for nothing!
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Dated: 11-24-2016
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Dated: 11-24-2016
Now that a federal district court judge has issued a nationwide injunction against the new overtime rules that were to go into effect on December 1, 2016, many employers are asking “what should we do?” Some employers have already prepared to comply with the new regulations and are ready to roll out new payroll practices next month. Do they hold off or press forward?
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8
Dated: 11-23-2016
Amidst all this conversation we saw stress at the workplace emerge as a key productivity sapper. The World Health Organization estimates the annual cost of employee stress-related expenses as $300 billion. So what is wrong with the workplace today? Do productivity and efficiency have to come at the cost of wellness and personal happiness?
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8
Dated: 11-23-2016
Imagine a sophisticated hacker gained access to your business’ data then cleared all timesheets and schedules for your employees and froze your payroll system, even gaining access to bank account information. Could you visualize a worse scenario? Small and medium sized businesses are a hot target for cyber hackers, because they have more digital assets than an individual consumer, but less protection compared to a large enterprise. In fact, 50% of SMBs have experienced a cyber breach in the past year.
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8
Dated: 11-23-2016
Organizations continue to complain about unauthorized absenteeism and half-hearted acceptance of leave policy. The problem can be nipped in the bud by migrating to an easy to learn and use leave management software.
Morning meetings are difficult.
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8
Dated: 11-23-2016
Originally scheduled to take effect on Dec. 1, 2016, the new overtime regulation intends to raise the salary limit for those exempt from overtime to $47,476 (the current limit is just $23,660, and hasn’t been updated in the past 12 years). The regulation, which would increase the number of overtime-eligible workers by millions, was criticized by various business groups as potentially harmful to nonprofits and small businesses.
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8
Dated: 11-23-2016
A federal judge blocked the December 1st rollout of the Department of Labor rule that would increase the minimum salary threshold (from $23,660 to $47,476) for the “white collar” exemption from overtime pay. The ruling took place on November 22nd, just 10 days before the new overtime rule was supposed to go into effect.
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8
Dated: 11-24-2016
There are times when working a full shift is not feasible. For many employees, paid leave is not an option if they need time off for a doctor’s appointment or to stay home with a sick child. They also understand that their employer expects them to work the hours to which they committed.
What are your options as an employer, who hired people, created a work schedule and assigned employees to work?
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