Reminder: EEO-1 Report Due September 30 The Equal Employment Opportunity Commission (EEOC) requires certain companies to submit a report categorizing their employees by race or ethnicity, gender, and job category. This demographic survey, called the EEO-1, is due by September 30, 2016. Private employers that meet one or more of the following criteria are […]
Audit: Test Your Compliance To be considered exempt from overtime, an employee must generally be paid on a salary basis and his or her job duties must meet the DOL’s standards for one of the six exemption categories discussed below. Answer the following questions to determine whether you’ve misclassified a worker as exempt: Executive Employee Is […]
‘Fee Basis’ Administrative, professional and computer employees may be paid on a “fee basis” rather than on a salary basis. If an employee is paid an agreed sum for a single job, regardless of the time required to complete it, the person will be deemed paid on a “fee basis.” A fee payment is generally […]
Exempt executive employee To qualify for the executive exemption, an employee must currently earn a minimum of $913 per week or $47,476 per year and meet the following tests: Primary duty: manages the enterprise or a customarily recognized department or subdivision of the enterprise. Customarily directs the work of two or more other employees. […]
Salary Basis Being paid on a salary or fee basis is the quid pro quo of exempt employees. They aren’t paid overtime for working more than 40 hours a week; in exchange, their employer must provide a guaranteed salary, which can’t be reduced when they work fewer than 40 hours. This reflects the understanding that […]
On May 18th, the Department of Labor handed down new regulations that will greatly affect how you pay your employees. Your organization must fall into compliance with the new Fair Labor Standards Act (FLSA) regulations by December 1. You can be assured that the DOL, which has already increased its investigative force by 33% since […]
One-size-fits-all retirement programs may no longer be appropriate as the workforce becomes more generationally diverse There was a time in the not too distant past when the definition of the US workforce was clearer and the transition from school, to work, to leisure was more defined. Now, the traditional definition of retirement and the workforce […]
Teleworking is a great way to attract and retain employees 85% of US Workers would like to stay at home to work at least part-time. Two-three days a week seems to be the work/life balance most employees are looking for. Is it right for your small business? http://globalworkplaceanalytics.com/should-workplace-flexibility-be-a-strategy-or-a-perk-experts-weigh-in-on-the-answer-shrm/107084 Contact CyQuest today for assistance with setting […]
