Salaried or Hourly with Overtime?
Given the recent Department of Labor announcement of the new minimum required salary, we thought it would be a good idea to review how an employee may be considered salaried or “exempt” from overtime compensation. Minimum Salary Effective December 1, the minimum salary anyone can be paid is $913 per week or $47,476 per year. […]
When Should Your Business Outsource HR?
It is not uncommon for businesses to outsource HR functions. Companies have been using third-party vendors for payroll services, background checks, etc. for years. What is surprising, though, is the rapid growth this industry has had over the last decade. Today, human resources is a multi-billion dollar industry. Why? Generally speaking, HR is a back […]
Contractor or Employee? Which One Are You?
There has been a great deal of controversy lately regarding the “Contractor or Employee” question. We see it everywhere in the post-Great Recession economy, where people may be working as contractors to earn extra money or have been pushed into this world based on the job market. Consequently, there are benefits and risks to both […]
