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Proposed 2015 DOL Overtime Rule Change: What #HR Needs to Know

HR Bartender

On July 6, 2015, the U.S. The overtime rule changes are significant and fall into two categories: salary basis and primary duties test. Today we’re going to cover the salary basis part of the proposal. What are the changes being proposed to the minimum salary? We’ll address the primary duties test in a separate post.

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Proposed 2015 DOL Overtime Rule Changes: Primary Duty Test

HR Bartender

As you know, on July 6, 2015, the U.S. Under the Act, to be exempt (from overtime), an employee must meet 3 requirements: The employee must be paid a minimum weekly salary; The employee must be paid on a salary rather than on an hourly basis. It is extremely important that employers respond on this very important issue.

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Financial Planning During Uncertain Times

Money Talk

For example, a salary or steady self-employment earnings, rental properties, investment returns, and/or a “side hustle” (freelancing). for the fifteen years ending in August 2015. Of course, investing for long-term goals should, ideally, have been occurring without interruption during the pandemic. company stocks, was 6.4%

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How to negotiate a higher salary

HR Digest

Salary negotiation is a completely normal and acceptable part of the employment process. Your salary is more than a figure that gets deposited in the bank account. If you love your job and want to keep it, there’s no question that you should negotiate a higher salary keeping these factors in mind. Image Credit: Freepik).

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How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. The dimensions of the problem. Help your employees reach toward the future.

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A French Employee Sues His Employer for Depression

HR Digest

In a case of employee suing employer, a bored Frenchman sues his employer, Interparfums, for causing him to be depressed. Desnard mentions that he felt extremely ashamed for drawing a salary when he was not contributing anything. He was with the company till 2015, before the Frenchman sues his employer in 2016.

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5 Tips for Employees Who Are Relocating

Achievers

Employee engagement at work is very much determined by the type of environment and the people that populate said environment, so making sure your personal values align with those of your future employer, in both a cultural and business context is essential. Get Familiar. But just because interstate relocation is common, doesn’t make it easy.