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.
As a company we follow the law of the land and our policies carefully abide the rules set by our customers. We work hard to insure safety in the workplace. We test to guard against the influence of substances that impede performance and jeopardize safety – whether alcohol, over the counter depressants, prescribed medications or[…..]
Our nation faces a monumental demographic problem – not enough people. Our birthrate, long below growth rate, is approaching non sustainability. Europe is already in the tank. The US is not far behind. Estimates proclaim nearly 20 million undocumented residents – who we’ve steadily marginalized as being illegals. The pathways to citizenship are ridiculously long, cumbersome[…..]
Dan Turner, an expert in automation and control systems for 30+ years, sat down with Globalogix President, Chuck Drobny, to talk about the benefits of working with Globalogix: “[Globalogix is] a company that would sit down, you knew the technology, you were competent, you completed the project efficiently and the customers were happy when we[…..]
In our webinar on Blockchain and its impact on business, oil & gas and SCADA, you’ll be given insight into the topic from our CEO, Chuck Drobny. He recently presented on Blockchain at the SCADA Technology Summit in Denver, and is sharing His presentation on Blockchain and how it’s changing the future of business. This[…..]
Today we’d like to introduce you to Charles Drobny. Charles, please share your story with us. How did you get to where you are today? GlobaLogix began with six oil and gas veterans in 2004 to provide instrumentation and control systems to midstream operators. The company gained its first project in 2005 to design and[…..]