Total Rewards | Benefits | Best Practices | Employee Relations | Talent Acquisition
Very recently I had a conversation with the COO and CFO of a client regarding a top candidate who had turned down an offer. They were shocked and confused. They had offered the candidate the compensation she requested and had thrown in a few small perks, but it unfortunately wasn’t enough to seal the deal. Ultimately that candidate (who had multiple offers on the table) accepted another offer. Why?
Communication | Total Rewards | Risk Management | Business Management & Strategy | Employee Relations
The Cultural Problems of Reclassifying Exempt Employees to Non-Exempt under FLSA In June 2015, the Department of Labor (DOL) proposed a key change to the provisions for determining exemption from overtime by raising the minimum standard level for salaried workers from $455 per week ($23,660 per year) to $970 per week ($50,440 annually). While the rule is not yet final and is not expected to be in place until 2016, organizations all over the US are preparing for the impact, both financially and culturally. Many times the latter is overlooked.
Employee Relations | Talent Acquisition
As a small business, you probably don’t have the time, money or staff to be able to utilize expensive and robust offerings in recruiting resources. You have no need for an Applicant Tracking System, LinkedIn Recruiter or large contracts with CareerBuilder, Monster or the like. However, there are three recruiting sources that you can utilize that may get you the applicant flow you are looking for and yield the results to hire an impactful, talented employee.
Business Management & Strategy | Best Practices | Employee Relations | Talent Acquisition
While on client site, sitting in Leadership meetings, attending training, there is always one key initiative all companies are talking about right now: How do we attract top talent and, how do we get those people to stay?
Q: Does an employer’s cash-out option (i.e., cash-in-lieu of benefits) have any impact on the coverage’s affordability under the employer mandate? A: Yes. As background, under the employer mandate, the employer must offer at least one affordable, minimum value plan to all full-time employees, or risk a penalty. Affordability is based on the cost to the full-time employee for single-only coverage. Generally speaking, coverage is affordable if the cost of single-only coverage does not exceed 9.5 percent of that employee’s W2 wages or 9.5 percent of that employee’s rate-of-pay. (There is also a way to determine affordability based on the federal poverty line.)
