Last year, business owners across Nevada were facing a serious challenge to employee compensation in the form of changes to the overtime rule. As it stands now, overtime is required for any employee working over 40 hours but provides an exemption for executive, administrative or professional employees. The law is part of the Fair Labor Standards Act and the Department of Labor … [Read more...] about The Axe that Never Fell: Overtime Rule Permanently Invalidated
Department of Labor
Money may indeed be the “root of all evil”, but when the rubber meets the road it also “makes the world go round”. The challenge for many is to effectively manage assets through the various stages of life so that accumulated wealth can help meet needs along the way. While previous generations may have saved for a rainy day by stuffing money in a mattress or, more recently, may … [Read more...] about Money Mastery: The Key to Successful Wealth Management in Nevada
HENDERSON – Mary Beth Hartleb of Prism Global Management Group LLC will present “How the FLSA Changes Will Impact Your Business” during the Henderson Chamber of Commerce’s networking breakfast from 7 to 9 a.m. Tuesday, June 14, at Revere Golf Course, 2600 Hampton Road in Henderson. The Fair Labor Standards Act (FLSA), under the Department of Labor, establishes minimum wage, … [Read more...] about Henderson Chamber Breakfast to Discuss Department of Labor changes
Gilda Radner’s comic creation, Roseanne Roseannadanna, pretty much summed up the situation of Nevada’s employers: “It’s always something.” The state’s economic recovery makes good workers harder to find, and top employees are beginning to hear the siren song of recruiters who want to woo them away. That’s putting upward pressure on wages just when employers are getting the … [Read more...] about Back to Work: Human Resource & Employment Issues
The actions of some have caused investment firms as a whole to be painted with the same brush. For the past few years, Nevada investment firms have struggled to assure the community of their ethical practices while managing client expectations and working in a down economy. Recently, executives representing investment firms across the state met at the Las Vegas offices of City … [Read more...] about Industry Focus: Investment Firms
Employers in Nevada and every state have historically used unpaid interns for a variety of reasons, it being taken for granted that the research, filing and coffee-schlepping were necessary steps to career growth. Now, as 2014 gets underway, a series of closely-watched lawsuits may mean that the army of interns may not be back next summer—or at least not in the same … [Read more...] about Are Unpaid Internships Becoming a Thing of the Past?
New regulations from the Department of Labor (DOL) and the Employee Retirement Income Security Act (ERISA) may expose business owners to personal liability for excessive retirement plan costs. This means that a business owner’s personal assets may be exposed, should an employee decide to bring a lawsuit against the employer for breach of fiduciary duty. Most business owners do … [Read more...] about The Secret Business Killer: Hidden Fees in Retirement Plans