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Organizations are always looking for ways to retain their client base; after all, they are one of the main drivers of profit and business growth. While many businesses hold tight to traditional customer relations practices, many overlook the secret weapon right under their own roof – their current employees. This idea is simple but powerful: By keeping employees happy, business leaders can keep their client base happy.
This article series addresses some of the most confusing real world problems surrounding the Family and Medical Leave Act (FMLA). In the last installment, we focused on employees who do not have job restoration rights once they return from leave. In this article, we’ll focus on managing U.S. Department of Labor (DOL) investigations surrounding FMLA […]
When it comes to IRS audits, “an ounce of prevention is worth a pound of cure,” as Benjamin Franklin so wisely put it. The cure, in this case, most often requires restitution of deposits to your 401(k) or 403(b) plan, plus earnings, and in some cases, a sanction paid to the Internal Revenue Service (IRS).
Question: We made an error on an employee’s paycheck. They were not paid for 8 hours of vacation time. Do we need to make this payment within a certain time period of paycheck date? Can a company have a policy that any adjustments will be reflected in the following paycheck?
As we head into the heart of the winter storm season, it is inevitable that employers could face some severe snowstorms and blizzards in February. Hence, this is an excellent time to brush up on the wage and hour laws, which dictate whether you are required to pay salary or hourly wages to employees who are unable to get to work during a blizzard or severe snowstorm. Here is a timely refresher article on these issues.
If yours is an established business, you may be beyond the question posed above because you set your pay schedule long ago. But if you’re just getting started, considering a change, or setting up a new business beneath your established umbrella operation, you may be wondering about whether there is a right or wrong answer.
Question: We are seeking clarification on hours worked for overtime pay. We have an employee who works as a “contractor” outside regular working hours, such as weekends. We are looking for guidance on when we will have to pay overtime; if allowing the employee to work as a “contractor” on the weekends will still count […]
When setting employee pay, there are a lot of things to consider. Perhaps nowhere is this more evident than with executive-level pay considerations. Executive compensation differs quite a lot from other forms of compensation, and the thought process that goes into setting it must differ accordingly. Executive-level employees, just like other employees, are motivated in […]
By David W. Jones, CCP, principal and director, Matthews Young — Management Consulting Students of American history know that this change in the minimum pay threshold for exemption from overtime pay revisits the complexities of the hourly versus exempt relationship established by the Fair Labor Standards Acts (FLSA) in 1938.
Even though most payroll administrators at small and medium businesses (SMBs) indicate they are satisfied with their current provider, nearly 40% of those same managers say they are likely to switch payroll solutions within the next 12 months, according to a recent survey by Clutch, a leading B2B ratings and reviews site. Although 85% of […]