Ver la versión en español aquí A year ago, Gravity Payments CEO Dan Price announced plans to raise the salary of every employee to $70,000 by 2017, even entry level staffers. In order to help offset the increased labor costs, Price announced his intention to lower his own salary from $1,000,000+ to $70,000 (he apparently … Continue Reading
Ver la versión en español aquí Well, finally. This morning, the U.S. Department of Labor (DOL) issued its final rule, about two years and two months after President Obama directed the Department to update, streamline and modernize overtime regulations under the Fair Labor Standards Act (FLSA). The Department estimates that the compensation of more than four … Continue Reading
Ver la versión en español aquí For years, employers have looked for ways to implement a one-size-fits-all paperless (all electronic) pay system for paying employees’ wages. While direct deposit is a good option, there are very few states that allow an employer to implement direct deposit if an employee does not agree. Florida is not … Continue Reading
The NFL is a multi-billion dollar bu$ine$$. Peyton Manning won the Super Bowl with the Denver Broncos. On top of his $15 million salary, he earned a $2 million bonus. Cam Newton lost the Super Bowl, but don’t feel sorry for him; he signed a 5-year $103.8 million contract. For their Super Bowl appearances, every … Continue Reading
Ver la versión en español aquí The final chapter of an unusual FICA tax saga recently was ordered in the form of a settlement between Henkel Corporation and a group of its retirees. Although framed as a case involving retiree benefits, the case’s application is not that narrow. Henkel sponsored a nonqualified deferred compensation (“NQDC”) … Continue Reading
Ver la versión en español aquí As we become increasingly more mobile, telecommuting programs are among the fastest growing benefit for employees. While the term “work from home” may trigger visions of a 24-year-old with a laptop at a Starbucks, the typical telecommuter is actually a 49-year old college graduate. Having an endless supply of … Continue Reading
Ver la versión en español aquí Betty’s at the dinner table with family, talking about her day, savoring her mashed potatoes when . . . flash—the phone lights up. Work e-mail. She reads it, steps away from the table, and starts drafting a response. Fifteen minutes later, she fires it off and returns to the … Continue Reading
Employees are taking back Thanksgiving!!! What impact will that have on your business if the trend continues? Is the trend driven by a return to more traditional values surrounding the Thanksgiving holiday or is it just plain good business sense? Employers are asking themselves these questions ever since Recreational Equipment, Inc., otherwise known as “REI,” … Continue Reading
Ver la versión en español aquí You just finished the torture of the RFP process for a new vendor for your benefit plan (doesn’t matter what kind of plan – 401(k), group health plan, section 125 plan, stock purchase, etc.). You carefully compiled all the information from the 100-page responses, checked the references, asked pointed … Continue Reading
Ver la versión en español aquí Did you watch the Democratic presidential debate on October 13, 2015? If so, you heard the candidates make many promises, among them paid family leave. True, we already have the FMLA, but it only requires unpaid leave, it only applies to employers with 50 or more employees, and it … Continue Reading
Ver la versión en español aquí You’ve always treated your employees fairly, even when the relationship doesn’t work out and you have to let the employee go or when you’ve had to terminate employees due to downsizing. Often, you agree to continue the employee’s benefits for a few months during a severance period. You know … Continue Reading
Ver la versión en español aquí Our 25th Annual Labor & Employment Law Seminar is a wrap. Wow, 25 years goes by in the blink of an eye! Each year, our seminar continues to grow. Thank you to the attendees who have been with us from the beginning and the newcomers who attended for their first time this year. With over … Continue Reading
Ver la versión en español aquí Did you see Jon Lester pitch for the Red Sox against the Yankees a few days ago? I bet you more money than Floyd Mayweather made in his fight against Manny Pacquiao that you didn’t. There is no way you could have. That’s because Lester does not pitch for … Continue Reading
Ver la versión en español aquí Wow, how time flies! We are quickly approaching our 25th Annual Labor & Employment Law Seminar this Spring. Mark your calendars now because this year’s seminar is not to be missed! Join us on Friday, May 8th from 8 am-4:00 pm at the InterContinental Miami hotel as we reveal … Continue Reading
Ver la versión en español aquí Earlier this year, the IRS announced that employers are permitted to allow employees to drop coverage under the employer’s fiscal year group health plan and sign up for marketplace coverage. The employer may do this based on the employee’s “reasonable representation” that he or she (and family members) have … Continue Reading
Ver la versión en español aquí As I sit here watching professional wrestling with my son, it hits me. Vincent Kennedy McMahon, the Chairman of World Wrestling Entertainment, is a genius. First, Mr. McMahon has kept me interested in staged fights (with predetermined outcomes) for the majority of my life. Second, I marvel at how … Continue Reading
The rules on the Affordable Care Act keep pouring out of Washington. Reporting for “pay or play” compliance requires a huge recordkeeping burden on employers. This seminar covers everything you need to know as we head into the first year of “pay or play” compliance and what to expect down the road. Join us in … Continue Reading
Ver la versión en español aquí Surveys are conducted periodically to compile lists of “best employee benefits.” Those lists have included items such as: free lunch (yes, there is such a thing for some lucky employees); fully-paid insurance premiums; gym membership and fitness classes; flexible schedules, including 4-day workweeks; telecommuting options; transportation subsidies; paid maternity … Continue Reading
Ver la versión en español aquí Last month, I wrote a post about one company’s new “Mail on Holiday” program where emails are automatically deleted during an employee’s vacation. What if, in combination with such a program, an employee could have unlimited vacation time? For most employees, it’s a dream. But if you work for … Continue Reading
Ver la versión en español aquí Much publicized court cases in the last several weeks make us wonder whether the federal Health Care Reform law will survive. We leave the answer to that question to the U.S. Supreme Court. For now, employers should adopt the “business as usual” approach and continue to prepare for implementation … Continue Reading
Ver la versión en español aquí It is no secret that income inequality is a growing concern in our country. The gap between the richest and poorest among us is increasing at an alarming rate. While we can point to many reasons for that trend, it is clear that education remains the most reliable vehicle … Continue Reading
Many companies tout themselves as a “flexible workplace.” But what exactly does that mean? Does the company permit employees to have a regular telecommuting schedule or just work from home occasionally? Does the company offer modified start and stop times or compressed workweeks? All of these options and more can be components of a flexible … Continue Reading
CareerBuilder.com has released its “Mother’s Day Survey” comparing working moms and dads in categories such as salary, title, and job satisfaction. The conclusion: “While salary data indicates that female breadwinners may have a tougher time making ends meet, working moms in general tend to be happier in their jobs.” The study was conducted between February … Continue Reading
(in other words, do as Steve Miller says) I think most would agree that loyalty is right up there among the most desirable employee traits (and if you disagree, please don’t stop reading . . . I spent a precious weekend writing this blog). Assessing employee loyalty can be difficult. Don’t expect an employee to … Continue Reading
