Final Overtime Rule Threshold Set by DOL at $35,568
On September 24th, 2019 the U.S. Department of Labor (“DOL”) announced its final overtime rule setting the minimum salary threshold for overtime eligibility at $35,568 ($684 per week) for white-collar exemptions. This is an increase from the current threshold of […]
Minimum Pay Levels—Can Organizations Afford an Increase?
One issue that continues to be debated is the increase of the minimum wage to $15. The argument focuses on fairness vs. affordability. However, it is important to note that there are a number of states and municipalities that have […]
Community Well-Being Collaboration
Twelve school systems collaborate on a comprehensive wellness initiative with the goal of managing health care costs effectively. Challenge The Lake Erie Regional Council (LERC), a strategic consortium of twelve school districts in Lorain County, Ohio, collaborated on an action […]
Long-term Compensation Choices: Real Equity or Phantom Stock?
Shareholders, business owners, and Boards have two primary options when considering key employee long-term compensation linked to shareholder value. Long-term compensation is typically structured to: Motivate, reward and retain key employees Promote long term thinking Grow the business Build shareholder […]
AI Technology Transforming the Next Generation of HR
The right mix of technology, artificial intelligence and the human element is a differentiator. With the coming of Artificial Intelligence (AI) and broader uses of technology, HR professionals will be challenged to manage and humanize HR systems to achieve their […]
Do you need a pay strategy?
Have you ever wandered through dense, unfamiliar woods? You weave around trees, hop over streams, and climb over other obstacles until you no longer know where you are or how you got there. Confused, maybe even a bit afraid, your […]
Using Compensation Management as a Tool to Recruit and Retain Top Talent
The U.S. had experienced a dramatic power shift in the workplace. It was a long, slow recovery, but the job market has turned a corner, presenting job seekers with multiple employment options. The month of February saw 7.1 million job […]
EEOC Changes: Employer Actions to Consider
This is an update of a previous Findley article on the Equal Employment Opportunity Commission’s (EEOC) proposal to add W-2 income data and hours worked data to the EEO-1 Employer Information Report (EEO-1). In early March 2019, a federal judge […]
DOL Proposes $35K as New Overtime Rule Threshold
A long-awaited announcement was made yesterday from the US Department of Labor (DOL). It published a proposal raising the salary level requirements to $35,308 per year ($679 per week) for white collar exemptions. The proposed threshold, up from the current […]
Employee Retention: 5 Tactics to Developing an Effective Strategy
Economic Principles…Makes Sense The law of supply and demand – you’re probably familiar with this economic principle. When one goes up the other goes down. As a geographic market experiences rapid population and economic growth, you might think an increase […]