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Archive for June, 2015

Increase to Exempt Status Salary Requirement Proposed

Yesterday evening, President Obama proposed an increase to the overtime salary threshold, revealing the main aspect of the upcoming proposed rule changes for the white collar exemptions of the federal Fair Labor Standards Act (FLSA). According to the president, the annual salary requirement for an employee to be considered exempt will increase from $23,660 to $50,440. This more-than-doubling of the salary requirement would mean that approximately five million workers who are currently exempt from overtime and minimum wage requirements would no longer qualify for an exemption. Once the proposed rules are officially released, there will be a public comment period of 60 days. The Department of

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The Right (And Wrong) Way to Let Employees Go

Companies spend a lot of time and money focusing on their onboarding process — and with good reason. Hiring is incredibly time- and resource-intensive, and turnover is expensive. A great onboarding process helps improve performance and retention. However, even though it frequently gets much less attention, offboarding is just as critical to workforce management and business success. Creating a positive offboarding experience has several benefits that include protecting future relationships and your company’s property. Maintain positive relationships Remember that even though an employee may move on, he or she won’t be saying goodbye forever. Many employees leave positions for positi

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Choosing Wisconsin Payroll Companies

Wisconsin Payroll Companies: What To Look For Before You Choose Knowing what to look for when screening through Wisconsin payroll companies can make a major difference, not only in the sourcing experience, but also in the entire professional partnership you have with your chosen vendor. Do you know what should be on the top of your priority list when making your final choice? Knowing three key must-haves can streamline the process and help you choose Wisconsin payroll companies that stand out from other providers. Seamless Software Integration Chances are you already have some sort of payroll system in place for your organization. Partnering with Wisconsin payroll companies should not mean

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Summer Workplace Activities

Summer is quickly approaching! It’s that time of year when you start to dust off your grill, coordinate that river or poolside vacation, and crank “Surfin’ USA” on your commute to work. It’s also a fantastic time for employers to brainstorm seasonal activities to strengthen the company culture and keep workers refreshed and engaged. Annual company picnics are classic (and delicious), but there are other ways to bolster employee relationships and ultimately enhance the identity of your workplace. Start by thinking about your company. What is the personality or general character of your organization? What are your values? How are they reflected in the day-to-day operations of your

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Implications of This Week’s Supreme Court Decisions for Employers

Affordable Care Act Status Quo Maintained In a 6-3 decision on Thursday, the Supreme Court upheld the subsidies provision of the Affordable Care Act (ACA). At issue in the case, King v. Burwell, was whether a specific phrase in the ACA limited the availability of subsidies to help individuals pay for health insurance coverage to state-established exchanges. The majority of states have exchanges established by the federal government rather than by the state. If the Supreme Court had ruled that the ACA prohibits subsidies in federally-established exchanges, the insurance coverage mandated by the ACA would have become unaffordable for many people in these states. Most commentators agreed that

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Using 401k Management Companies

Why 401k Management Companies Are A Great Corporate Partnership As a business owner, sifting through 401k management companies is often something that falls on the "someday" list of things to do. It seems like there is always some other pressing task to manage, or some other responsibility that warrants your immediate attention. Finding the right 401k management companies to entrust with your future and your employees futures can simply fall through the cracks as you tend to the many other responsibilities you have as a corporate leader. If partnering with qualified 401k management companies is officially relegated to the "someday" pile, read on! Knowing some of the many benefits that 401k

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Diversity: So Much More Than Just a Buzzword

Nowadays, diversity has moved beyond meaning fairness and equal treatment and has become synonymous with success. Forward-thinking companies are finding that a diverse employee population delivers a multitude of benefits — including a boost to their bottom lines. Consider these impressive statistics from a recent report by McKinsey & Company, Diversity Matters, which examined proprietary data sets for 366 public companies across a range of industries in Canada, Latin America, the U.K., and the U.S.: Gender diverse companies are 15% more likely to have financial returns above their respective national industry medians. Ethnically diverse companies are 35% more likely to have financi

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