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Steps to take ahead of possible DOL change in exempt salary qualifications

BMT Office Administration

The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.

Salary 52
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5 Long-Term Financial Goals and How to Achieve Them

Success

The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. However, most people get started by creating estate planning documents like a will and taking out life insurance policies. Long-term goals can be especially difficult because your needs can change over time.

Goals 259
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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Once the basic information is completed, you will receive a PDF with the new EIN—a document that should be stored in a safe place but kept handy because the entity’s EIN will be used on many documents going forward. The general public is entitled to see these documents,” says Snow.

Filing 162
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Do I Need to Buy Life Insurance?

Success

To help you determine the amount of life insurance you should be looking for, start by reviewing your finances. To calculate how much insurance to buy, some experts recommend multiplying your salary by eight. Others say to multiply your annual salary by the number of years you have before retirement.

Policies 239
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Optimizing the Hybrid Work Landscape for Tasks to Do at Home

Allwork

A Zebra survey revealed that 35% of Americans would willingly accept a salary reduction for a shortened commute. Among those willing to take a pay cut, 89% would give up to 20% of their salary. Americans invest substantial time commuting, as evidenced by 2019 U.S. Census data.

Expenses 157
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5 SOP examples for your business

BMT Office Administration

Implementing and documenting standard operating procedures (SOPs) is a great way to make sure that all staff members are completing their tasks in the correct manner. A standard operating procedure (SOP) is a detailed document with step-by-step instructions on how to properly complete a task. What is an SOP? How to format an SOP.

Payroll 72
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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

This means your HR and legal teams’ valuable time will be spent interviewing people and reviewing relevant emails rather than on something that would probably be more positive and beneficial for your organization. . Maybe you are ready to trade in some salary for greater flexibility in hours or location.