As we work to create a better future – a better “normal” – it’s time to talk about everyone’s favorite topic (or maybe not) – money! Whether you love budgeting or loathe it, it’s one of those necessary tasks that I would guess you do each year during your company’s budget season. How we spend …
As the weeks of business closures have turned into months, many employees haven’t been able to work because their jobs aren’t designed to be remote. With restaurants, retail stores, child care businesses, hotels, and a number of other industries, many of their employees are in jobs that are designed to be done onsite. According to …
Hiring freezes are common strategies when companies need to reduce costs. While the concept may easily make sense on the surface, it must be thoughtfully implemented to make sure you retain employees during a hiring freeze. Current employees dealing with an increased workload and no end in sight can lead to decreased morale, burnout, and …
As the weeks of this pandemic stretch on, we’re coming to really appreciate the jobs and employees we rely on to keep our everyday life intact. Certainly, healthcare workers quickly come to mind, and some healthcare jobs will fall into the scope of this article. Our focus today is on front-line workers in a variety …
For the week ending April 18, 2020, over 4 million U.S. workers filed for unemployment insurance. This means that, since March 15, over 26 million workers have filed for benefits. If you’re one of the many businesses struggling right now due to COVID-19, you may find yourself considering furloughs, layoffs, or pay reductions. This news …
Earlier this week, SeaWorld disclosed that, while their top executives have received 20% temporary pay cuts, they also received $6.8 million in stock options. This occurred while 90% of their employees are furloughed, not receiving any pay since April 1 and, for the most part, not having their health benefits paid for either. While the …
Today (April 1, 2020), the Families First Coronavirus Response Act (FFCRA) goes into effect. So, what is the FFCRA? It provides paid leave to those who are employed by businesses that have fewer than 500 employees in an effort to help those who need to take time off of work related to the COVID-19 illness …
There are a number of factors to take into consideration in deciding whether a job should be exempt or nonexempt. Even once you’ve determined which jobs are exempt, you’ll need to monitor any changes to the salary threshold. According to the Fair Labor Standards Act (FLSA), one of the foundational criteria for whether an employee …
You’ve identified a need to hire someone to do a certain job, so how do you determine whether it’s an hourly or salaried job? The Fair Labor Standards Act (FLSA) establishes the criteria for whether an employee is exempt vs. nonexempt. Nonexempt = not exempt from overtime. These jobs are usually hourly, and overtime must …
As a manager, you have a lot of responsibilities when it comes to your employees. Pay is one of the most important. Pay and time off are 2 things you don’t want to mess with if you want to keep your employees. When it comes to pay, the FLSA governs a lot about what you’ll …
