The owner of a small business here in Georgia is trying to collect unemployment funds from his employees. When his employees were furloughed related to COVID-19, they received unemployment benefits, including the extra $600 per week that was part of the CARES Act. So, at least some of them received more in unemployment than their …
Tips for Receiving PPP Loan Forgiveness
The Payroll Protection Program (PPP) is an element of the CARES Act that provides assistance to small businesses with 500 or fewer employees to help them pay their employees during the COVID-19 pandemic. It provides a lot of helpful provisions, but certain aspects, such as only having 8 weeks to use the loan, have been …
Is the Payroll Protection Loan Right for You?
Originally published April 3, 2020. Updated June 29, 2020, to reflect PPPFA updates. On July 3, 2020, the application deadline was extended to August 8, 2020. If you’re a small business, you may be starting to have difficulty paying your employees as you may have decreased revenue coming in or your business may not be …
Provide a Living Wage for Front-line Workers
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 …
Navigating a Furlough or Layoff Announcement
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 …
Need to Initiate Pay Cuts? Lead by Example.
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 …
Evaluating the FLSA Salary Threshold Change January 1, 2020
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 …
Exempt vs Nonexempt – How to Decide?
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 …
What Is the FLSA and Does It Apply to Me?
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 …
Should You Pay Employees for the Lost Daylight Savings Time Hour?
This Sunday, we’ll spring forward an hour for daylight savings time. I think the states that have chosen to stick with one time are genius, but until I live in one of them, I’m stuck with time changes twice a year. Daylight savings time begins at 2:00 a.m., at which point we lose an hour. …