Note to Readers: Business Management Daily is committed to bringing you daily news and advice on the issues that affect your field the most. But, since we know you don't always have time to check up on the trends daily, we've created this weekly roundup of the week's most popular articles, events, advice and products. Enjoy!
The new overtime rules: What employers need to know
October 30, 2016
Businesses of ALL shapes and sizes are being forced to pay out big bucks for misclassifying employees and failing to pay proper overtime. Department of Labor officials estimate that more than 70% of employers are out of compliance with the Fair Labor Standards Act (FLSA)! Plus, the biggest overhaul of overtime law in U.S. history takes effect in just a few weeks — on Dec. 1. The changes call for a DOUBLING of the salary threshold, making white-collar workers eligible for overtime pay if their salary falls below $47,476 per year ($913 per week). Several lawsuits have been filed aimed at stopping the new rules. Learn where these stand and why you should move ahead with implementation. Read More
Recognizing systemic problems: 13 signs of a toxic workplace
October 31, 2016
Chronic negativity frequently starts with only one or two employees, but it can quickly infect an entire department. When this happens, the inevitable result is reduced productivity, damaged morale and eventually increased turnover, so wise managers try to nip negativity in the bud. Banishing workplace negativity increases productivity, decreases turnover and boosts morale. Imagine how that will make you look as a manager. Read More
Employee pay: Compliance advice for 2016 and 2017
November 1, 2016
Paying employees correctly is your most important — and legally risky — responsibility. Even one payroll mistake can damage your standing in the office — and possibly your career. It's important to spot the holes in your employee pay compliance before the feds or state agencies do. Join us for this informative training webinar to learn what you must do (and not do) to stay in compliance with federal state pay laws in 2016 and 2017. Read More
5-step progressive discipline policy
November 2, 2016
No federal or state law requires you to create and follow a progressive discipline policy. However, courts often come down hard on employers that promise progressive discipline but fail to deliver it. In fact, many employee lawsuits stem from the employee's perception that he or she didn't receive a fair deal. That's why a progressive discipline system is the most reliable way to protect your organization from wrongful termination charges. Progressive discipline has these five standard parts. Read More
5 strategies to recruit and retain millennials
November 3, 2016
The millennial mindset is about making all aspects of their lives easier, faster, more flexible and more efficient. This mindset is transforming the way humans of all ages live and work, and thus shaking up how we run our businesses. If you want to attract and retain millennials, make sure you have — at minimum — these bases covered. Read More
Wow, that colleague's got a loud voice!
November 4, 2016
We've all had moments of peace and perfect working rhythm disrupted by the boom of a co-worker who always hits uncomfortable decibel levels — and not because of anger or excitement. Some people are just … loud. Few of us can bring up the sensitive subject of a person's vocal force without seeming harsh or making someone feel self-conscious. And so it's best to pick your spots in which to deal with a boomer. Try this … Read More
Despite Uncle Sam's crackdown, you must still beware foreign scammers
November 5, 2016
The IRS and the Department of Justice have announced that, for the first time, they've busted five call centers in India whose employees impersonated IRS revenue agents. These supposed civil servants called unsuspecting U.S. taxpayers and pressured them to pay phony tax bills with iTunes cards. Indictments and extradition proceedings are underway. It's logical to ask: Who on earth would get tricked by such an oddball scheme? After all, phone scams of one sort or another have been percolating for years. But pay your tax bill with iTunes gift cards? Seriously? However, a call from an alleged IRS agent is apparently a powerful motivator — at least powerful enough to have helped extract at least $47 million from victims, according to federal investigators. Read More
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