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.
Can we quit the obnoxious and meaningless characterization of desired results masquerading as an action plan? Think about how often a leader, when asked for plan details, replies with some description of a favorable outcome without ever describing how that might come about. If you can’t remember one, just google about any political press conference.[…..]
“You know, really I mean that like wow, it’s tougher to say like what you really mean.” Sound familiar? Is this you? Is it me? Have you noticed that speech patterns tend to deteriorate over time? Listen carefully to others. You’ll notice we all have patterns of nonsensical expression. For some it’s LIKE – a[…..]
If you want to vilify someone just tack on a phobia label. These days fear of anything makes us the villain, the bad actor, the malevolent one. Leaders, whether elected, chosen or self appointed, demonize fear as a tonic to assuage the masses of every threat. It’s meant to dull us down to a state of[…..]
If you’re looking for better start first with different. In culture of professed accomplishment, we’re bombarded daily with messages of superiority that lack identifying substance. Companies proclaim they are better. They provide superior customer service. Their product is highest quality. Words, hollow words. Regardless of how loudly you shout – shoppers, customers and purchasers won’t[…..]
I’m about to scream if I read or hear another nonsensical diatribe of meaningless kerfuffle about how Millennials are generationally unique in human history. According to the ‘experts’ and pundits this group of young people see life from an entirely different historical perspective. Let’s see, they are smarter, more computer savvy, more collaborative and intrinsically[…..]