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Archive for July, 2015

Rule Changes Proposed for Overtime Exempt Salaried Workers

The Department of Labor (DOL) has released proposed rules to update the white-collar exemptions from overtime, which would apply to nearly 5 million employees who work in executive, administrative, professional, outside sales, or computer positions. According to current regulations, the salary threshold for overtime exemption is $455 per week ($23,660 per year). The proposed rule would set the standard salary level at the 40th percentile of weekly earnings for full-time salaried workers ($921 per week, or $47,892 annually). The Department also proposes to establish a mechanism for automatically updating the salary and compensation levels going forward to ensure that “they will continue to

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Affordable Care Act Status Quo Maintained

The subsidies provision of the Affordable Care Act (ACA) has been upheld by the Supreme Court. If the 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 the 34 states with federally run exchanges. Most commentators agreed that without the availability of subsidies in all exchanges, the stability of the ACA, which is built on the assumption of widespread participation, would have been threatened. Although it removes some uncertainty regarding the ACA’s standing, the ruling allowing subsidies to continue will have little immediate impact on employers, as it maintains

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Number Blunder

Identity theft was virtually unknown when the Social Security Administration began issuing SSN’s in 1936.  It got off to a running start, however, in 1938, when wallet manufacturer E. H. Ferree accidentally sold a real social security number along with its wallets in department stores across the country.  The idea was to show how a Social Security card would fit into its wallets.  A sample card, used for display purposes, was inserted in each wallet.  Company Vice President and Treasurer Douglas Patterson thought it would be a clever idea to use the actual SSN of his secretary, Mrs. Hilda Schrader Whitcher. The card in the wallet sold by Woolworth stores and other department stores

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Can you prove your ACA compliance?

The Affordable Care Act (ACA) employer mandates and deadlines are putting plenty of fear, worry and doubt into those who must comply with reporting requirements. Applicable Large Employers (ALEs) should be especially aware of their ACA obligations to employees and the IRS. Enforcement Since the ACA became a law, the IRS has managed over 40 provisions regarding implementation of ACA. Perhaps the most pressing from an employer’s view point is play or pay. Large employers (50+ FTEs) who do not offer coverage for all of their full-time employees, offer unaffordable minimum essential coverage or offer plans with high out-of-pocket costs could face tax penalties. The employer would also be sub

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Did you know?

According to a recent Newsweek study, in the year 2000, 22% of resumes were submitted via email or posted on the web.  In 2014, over 90% of resumes were posted online or sent via email.  The new trend has come with new risks: 76% of resumes are discarded for an unprofessional email address before ever being reviewed!   Content provided by TPCHR HR Support Center

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Independence Day Fun Fact

When it comes to Independence Day celebrations, a nod to Founding Father John Adams is in order.  John Adams (1735-1826)--statesman, diplomat, and second president of the United States--was instrumental in negotiating in favor of independence at the Continental Congresses (1774-78), and signed the Declaration of Independence. On July 3, 1776, John Adams wrote to his wife Abigail with the following commentary regarding his hopes for Independence Day: "I am apt to believe that it will be celebrated, by succeeding Generations, as the great anniversary Festival. It ought to be commemorated, as the Day of Deliverance by solemn Acts of Devotion to God Almighty. It ought to be solemnized wit

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