Don’t mistake the current surge toward elevating minimum wages as the big issue for business and the greatest impact on the economy. It’s pennies compared to the new rules that legally exempt employees from wage and hour rules.
Most salaried employees are improperly classified. Seriously, check the rules, if you’re salaried. Do you really qualify? Are your competitors following the rules? How about your customers if you’re selling B2B?
Employers get away with simply designating workers as salaried, working them long hours and ignoring the rules. This happens in all sorts of manufacturing and service industries where the pay is well above minimum wage.
If the new rules ever get enforced, payroll costs will balloon overnight; and it will extend way beyond the food service and hospitality industries.
It will be a real game changer and ripple way beyond payroll numbers. It will impact costs for every industry at every level.
It’s coming almost silently. Not much news coverage. No protestors picketing Starbucks or Burger King claiming racial, ethnic or gender victim status. Oh, and it’s not new law but altered regulations.
If you’re running a company, do a quick calculation. Add ten to twenty-five percent to your payroll costs. How’s the bottom line look now?
Maybe it will level the playing field? Those who’ve followed the law all along won’t be so easily undercut by the competition. I sure hope so.
Houston is amazingly flat, with high ground existing mostly on freeway interchanges. On top of that, add three bayous and at least two rivers that drain state-sized basins through the city and surrounding residential communities. When it rains in Southeast Texas the water flows toward Galveston Bay, and a few times each year at least[…..]
Ethics are a set of standards which define correct or desired behavior. That’s an easy definition to state but in practice a hard concept to embrace. The word is worn like the proverbial cheap suit and bandied about by those whose behavior makes most of us shudder. Hard to define, ethical behavior is something most[…..]
It took me a few days to explain the patterns of rescue, giving and recovery observed recently with the devastations brought about by Harvey. Stories in social media and news reporting abounded with individuals pitching in from the get-go. The rescues began almost within minutes. The nation watched video of the Cajun Navy, boat owners[…..]
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Stroll through your local Ford dealership and look at the rows of F150’s, America’s most produced vehicle. Ford sold 820,799 in 2016. Find two that are EXACTLY alike. I mean same EVERYTHING. Find two so alike the invoices are identical. Betcha can’t. Same thing is true of industrial add-ons like the SCADA systems[…..]