Practical HR Tips, News & Advice. Updated Daily.
Minimum wage and overtime pay are two of the requirements set forth in the Fair Labor Standards Act (FLSA). The FLSA mandates that employees be paid at least the minimum wage and also that they receive one and one-half times their regular rate of pay for weekly hours over 40 hours.
Vince Lombardi once said, “I think coaching is teaching, see? So I don’t think there’s any difference whether you teach on the football field or whether you teach in the classroom. They’re both exactly the same. It’s a question of … a good teacher puts across what he wants to his pupils. Whether it’s done […]
In yesterday’s Advisor we discussed straight and hurdle-rate profit-sharing; today, goal-driven profit-sharing plans. [Go here for 1. Straight and 2. Hurdle-Rate Profit Sharing] 3. Goal-Driven Profit-Sharing Plans In a goal-driven profit-sharing plan, profits are used to establish an incentive opportunity, but employees also must earn that opportunity, based on achieving other goals. These other goals […]
A noncompete agreement is an agreement between an employer and employee that the employee will agree to not work for a competitor immediately after leaving employment with the current employer.
When you consider a profit-sharing plan, there are three main ways to set it up: straight, hurdle, and goal. A profit-sharing plan is a group incentive plan that includes all employees in an organization and that focuses on overall business unit profit (or a similar bottom-line financial goal). What are the advantages and disadvantages? Advantages […]
Bring Your Own Device. These are words that are becoming more and more common for employers these days. They’ve even spawned their own acronym: BYOD. In general, BYOD is a policy in which an employer is allowing or even requiring employees to use their previously personal electronics for work use.
Employers often find themselves in a conundrum, however, over how to handle miscellaneous time off that was never even requested as PTO. For example, what happens when the work hours are 8 a.m. to 5 p.m., but an employee has a personal appointment that requires him or her to arrive late? Usually this is not […]
Some employers fear spending on employee development, citing the risk that the employee might take those new skills and leave. This fear is pervasive. It affects decisions not only for new hires, but for long-term employees wanting to advance their skills. This can become a catch-22, however, since employees who are not given opportunities to […]
In today’s Advisor, business and leadership blogger Dan Oswald offers his thoughts on qualities of great leaders. (Oswald, CEO of BLR® offers these thoughts weekly in The Oswald Letter.) One of the national hotel chains, in an attempt to attract business travelers, advertises that if you stay at its hotels, you’ll be able to take […]
By William Taylor The emotional commitment an employee has toward a company and its main goals is called employee engagement—employees being more focused on helping the company thrive. This emotional binder has nothing to do with financial compensation but with the personal feelings of that employee for the workplace. Let’s not confuse engagement with happiness. […]