Millions to Earn More in Overtime! Facts and Fiction of the New FLSA Final Rule - Workology

Millions to Earn More in Overtime! Facts and Fiction of the New FLSA Final Rule - Workology Facts and Fiction of the New FLSA Final Rule Facts and Fiction of the New FLSA Final Rule That is what the newspaper headline read on the front page of the morning paper. Yes, as many of you are aware the Department of Labor has finally released the final regulations regarding the new wage standard for exempt level employees. There was both good news and bad news in the notice published by the Department of Labor. Brief History In July of 2015 the Wage and Hour division of the USDOL published proposed regulatory changes over the definition of who could or could not be an exempt employee. An exempt employee is by definition an employee who is exempt from being paid overtime. That means that an exempt employee can work as many hours as is necessary without earning any more money other than their stated salary. In the proposed regulation the figure that was stated was going to be $970 per week, or $50,440, since it was to be indexed at the 40% of the weekly earnings of all salaried employees in the United States. That level shook a great deal of people up since the current level is $455 per week of $23,660. There were also rumors that the duties test was going to be changed and made more stringent. The duties test is what you look at to determine if someone is meeting the work standards it takes to be an exempt employee. What Actually Occurred? This is the good news part of this post. This new regulation only affects the Executive, Administrative and Professional exemptions. The new level to qualify to be an exempt employee is $913 per week or $47,476 per year which is better than $50,440. They ended up basing this on wages in the South. Unexpectedly they announced it will not be adjusted annually, as originally anticipated, but every three years, though this could be problematic, as I will discuss later. The new regulation does allow you to count bonuses and commissions, for up to 10%, to go toward meeting the threshold if these bonuses are paid at least on a quarterly basis. More good news came with the announcement that NO change is being made in the “duties” test. We are not going to be forced to go to the California model of percent of time spent performing duties. Even better news was that the effective date on this does not occur until December 1, 2016 as opposed to the July 2016 date that was expected by many. Everyone will have ample time to prepare for the necessary changes. The Bad News The bad news is that this change will still have the following impacts: Companies are going to have to pay more money to many of their employees Small business, the restaurant business, and non-profits are going to feel the impact much more than big business Companies are going to have to change many employees to non-exempt status and as a result require them to track time There will be a cultural disruption for many companies as employees have their status “lowered” to non-exempt The three year indexing could lead to massive jumps in the salary level, with it reaching $55,168 by 2023 and almost $60,000 by 2026, though some economic studies estimate it could actually be closer to $70,000 The exemption level for highly-compensated employees has risen to $134,004 much higher than the proposed $122,100 level There are NO EXCEPTIONS for part-time employees. Pro rata amounts are not considered. Anyone you want to be exempt must be making $913 per week There are NO EXCEPTIONS for non-profits, colleges, universities or public entities. What Needs to Be Done First, this would be a good time to review whether or not people you have classified as exempt are really exempt. Too many employers make the mistake of improperly classifying employees as exempt solely on the basis of the fact that they pay them a salary. Salary is a method of wage payment not a classification of overtime eligibility. There are numerous companies that have people classified as non-exempt yet they pay them a salary. Non-exempt employees do not have to be exclusively hourly employees. So even if you have an employee who is going to make the $47,476 salary level they may not be properly classified based on the nature of the duties required to be classified as exempt. This is not as easy as saying “they make decisions” as one writer claimed. By the way, titles don’t count. It is all based on the job description and the actual duties performed. If you have not updated your job descriptions lately then you may want to do so by having an incumbent participate in the process. Here are the preparation steps that need to occur: Identify all current employees that are classified as exempt (not currently eligible for overtime) that are making less than $47,476 per year Determine how close these employees are to that threshold level Determine how many potential overtime hours that employee worked in the past year Calculate the cost of that overtime based on time and a half calculations Determine if it is more cost effective to increase the employee to the $47,476 level or to pay the calculated or anticipated overtime For those employees where it does not make economic sense to raise them to $47,476 it will become necessary for you to determine how you will actually record their time worked, because once these employees are declared non-exempt employees (eligible for overtime) you will have to ACCURATELY track their ACTUAL time worked You will need to institute a system of checks and balances to insure that the behavioral change of tracking time has actually occurred You will have to determine how you will pay overtime. There are several methods that go beyond the scope of this post Realize that by raising the salary of some as compliance may have an effect on the rest of your compensation structure, such as pay compression issues Tracking time accurately of newly re-classified employees will also be important. You can do it old school using paper time sheets or you can do it using new technology, even including mobile devices. The important consideration is finding something your employees will adapt to most easily. Potential Legal Problems As you can imagine plaintiff’s attorneys’ eyes have lighted up with dollar signs. Because this has so widely been publicized you may have problems with, according to Seyfarth Shaw: Exempt employees who think their pay should be increased when it was not Exempt employees who get an increase but think they should be non-exempt in order to become overtime eligible Reclassified employees who question why they were not classified as non-exempt, and paid overtime, all along Reclassified employees who think they were wrongly “demoted” Reclassified employees who allege off-the-clock work, missed meal and rest breaks, or improperly calculated overtime pay You need to have a plan on this is going to be done. Additionally you need to have an education agenda. It needs to include upper management and line management since their employees may be seeking information from them. Going Forward It is unlikely this will be overturned even if a new administration comes in place in January. Congressional reversals this year would have to be signed by the President and that is NOT happening. Perhaps future Congresses or Administrations may alter the updates done every three years, but that remains to be seen. So prepare to make the appropriate changes and plan on the economic impact it may have for your organization. DO NOT SIT ON YOUR HEELS.

Why Use An Actuarial Resume Writing Service?

<h1>Why Use An Actuarial Resume Writing Service?</h1><p>One of the things you will discover with an actuarial resume composing administration is that you don't need to be an expert to do as such. There are numerous individuals who don't have the best possible instruction or preparing expected to make and flawless a resume. This is valid for the two people who have been utilized by the administration and for the individuals who are utilized by the business. What's more, this incorporates people who work in the emergency clinic industry.</p><p></p><p>Sometimes, they would do things the easy route as opposed to taking a shot at a report, which is the reason it is such a great amount of better to go with an organization as opposed to doing it without anyone's help. In the event that you have the HR work at your organization, you can generally depend on them to give you the most ideal resume for your activity. Be that as it may, on the off chance that you are a representative who doesn't have such a position, at that point you need to assume the liability of composing your own resume.</p><p></p><p>With the correct administrations, you can use to compose your own record. Be that as it may, the vast majority of the associations furnish their representatives with the most ideal administrations that would make your activity a lot simpler. All things considered, when you do this just because, you may feel you are up the creek without a paddle. Be that as it may, with the correct organization, you would have the option to get the advantages from it without spending an excess of money.</p><p></p><p>First of all, they would offer you the chance to offer you data for an example. You would not have to have a thought with regards to what kind of record you would need to make. What's more, when you have one, you can send it to the administration. What's more, on the off chance that they st ate they have a comparable record, at that point you would have the option to acknowledge their proposition and pay for their administrations. This should be possible on the off chance that you have the cash for it.</p><p></p><p>You would likewise have the chance to state the organization's proverb. This would help in featuring what it is that the organization represents. In the event that the archive is something that you truly like, at that point you would have the chance to attempt to get a duplicate of the document.</p><p></p><p>Even however you probably won't have the option to utilize the report to utilize it for credit purposes, you could utilize it for monetary records. This can be useful to utilize your encounters and how you want to enable the organization to out. For instance, you could put that you have worked in the nursing office and can talk progressively about the activity that you had there.</p><p></p> ;<p>By utilizing the correct organization, you would have the option to set aside cash and your organization would have a superior future. Simultaneously, you would approach others who could help you in your profession.</p>

Guide to Resume Writing - Action Words

Guide to Resume Writing - Action WordsAfter reading your guide to resume writing: action words, you may be ready to start jotting down your own headline. Your headline is the first impression that a reader gets when they see your resume. A headline that is not enticing and grabs the reader's attention will only make it to the pile of resumes that never get read.It's also a good idea to have more than one type of resume. Some jobs require you to send out a paper copy of your resume. In these cases you should consider having two or three different versions of your resume. If you can afford it, you can even have your resume printed out, format it yourself, and send it off for printing.Next on your guide to resume writing: action words, you will be referring to your cover letter to grab the attention of the reader. They will receive a copy of your resume by mail or email. Some employers prefer them to be scanned as a PDF file, and other employers prefer them sent by email. Make sure your resume has a number of bolded headings. This will give the reader a chance to quickly skim through your resume and see what you have to offer.The third action words on your guide to resume writing: action words, do you plan to write your resume online? There are many advantages to having your resume online. Employers can actually see your resume before they contact you via email.You could also upload it to a website where your resume is put up for people to download. Make sure you add all of your contact information on the homepage. An employer can look at it anytime during business hours or on weekends if they want to.The last three important action words on your guide to resume writing: action words, the grammar in your resume is the key to your success. A complete spelling error can be the cause of a job loss. With the help of a professional company such as Puca (a company I've used and recommend), you can edit your resume right from your computer. You don't need to have your re sume typed up, which is an added bonus.The last important action words on your guide to resume writing: action words, do you have a sample of a resume you have edited? My wife and I have been editing our own resumes for years, and we can attest to the fact that it's much easier than having to hire someone to do it for you.I would encourage you to go get your guide to resume writing: action words, try the samples I gave you and then go and edit your resume today. You'll be glad you did. If you decide to hire someone else to do it for you, remember to leave a sample with them that you can point to when you send your resume.

Job Application Checklist for the Recent Grad

Request for employment Checklist for the Recent Grad Request for employment Checklist for the Recent Grad Follow these accepted procedures to guarantee your request for employment sidesteps the pursuit of employment dark hole.Now that you've explained your work objectives, created the perfect continue and tidied up your online nearness, we should discuss submitting compelling occupation applications.There's nothing more terrible than presenting an application and failing to hear back. The following are ten hints to assist you with keeping away from that pursuit of employment dark hole.Make Sure You're a MatchRead the obligations and necessities segments of the expected set of responsibilities cautiously â€" what ranges of abilities, instruction level and long periods of experience do they require? While the business likely doesn't anticipate that you should have each and every ideal ability, they will anticipate that you should meet all the center must-have necessities. Just apply to occupations where you have these must-haves.Apply Within 72 HoursA ongoing examination by Ladders fou nd that your odds of recovering a call fall 72 hours after the activity is distributed on the web, regardless of whether you were viewed as a solid match for the activity. On the off chance that you get a new line of work that you're genuinely keen on and a fit for, lock in and understand that application out when possible!Tailor Your ApplicationBefore your resume is looked into by a selection representative or recruiting director, it initially needs to move beyond an electronic watchman called Applicant Tracking Software (called ATS for short). Before you present your application, audit the set of working responsibilities for key terms and prerequisites and ensure they are consolidated into your resume (expecting you have those skills).Customize Your Cover LetterA great introductory letter fits on one page and is separated into three principle segments: a basic passage that clarifies why you're keen on the activity, a center area that clarifies your capabilities and an end section that closes with a source of inspiration. I suggest utilizing a t-group for your introductory letter to rapidly show the peruser how you meet the center necessities for the job. On the off chance that the application doesn't permit you to utilize segments, attempt projectiles instead.Remember, It's Not About YouWhen you're a vocation searcher, your central goal is to show associations how you can offer some incentive to them. An employing director couldn't care less that you're going after your fantasy position with your fantasy organization. Or maybe, they need to realize why you're keen on and enthusiastic about working there. Concentrate on the abilities and interests that are required to do the job.Cross Your T's and Dot Your I'sIf 54 percent of selection representatives have responded adversely to spelling and syntactic blunders found in competitors' tweets and Facebook posts, envision how they'll respond to botches in your application! Past legitimate manners, poor accentuatio n and capitalization can confound the ATS programming and scramble your application in the framework. Odds are, the scout will dump your application as opposed to setting aside the effort to physically reappear the data properly.Work the System to Your AdvantageYou're multiple times bound to recover a call if your application incorporates a representative referral. In case you're being alluded by a representative, ensure the ATS knows it; the product is sufficiently keen to mind. Decide to transfer your resume as opposed to reordering it if this alternative exists in the application procedure. This element regularly parses data and spares it in the ideal configuration, guaranteeing the cleanest presentation.Use a Professional Subject Line and Email AddressIf you're messaging an application, utilize compelling headlines that reference the position you're applying for, rather than hello or introduction. Utilize an email address that fuses the name you use expertly on your resume and i ntroductory letter. Cutesy, hostile, coy or sexual locations send employing chiefs an inappropriate message.Be Prepared for the CallRecord an expert phone message for the number recorded on your resume. If your continue is sufficiently able to persuade the spotter or employing supervisor to reach for the phone, be certain the welcome on the opposite stopping point speaks to you in the best light â€" this incorporates recorded messages and whoever may answer the phone in your place.Read the Fine Print for Follow-upsRead the set of working responsibilities cautiously. In the event that an application cutoff time is recorded, at that point follow up multi week after that date. On the off chance that you can't discover a cutoff time, send your follow-up note multi week after your underlying application. Keep in mind, if the activity posting states no calls, do not call to development. The business will accept you can't follow directions.Click on the accompanying connection for additio nal tips to improve your employment forms.