The pay policy at any company should be consistent so that each job has a compensation philosophy that is fair, compliant and consistent regardless of who is in that position.

Please review your:

1. Job Descriptions

2. Compensation Strategy

3. Hiring Manager Training

4. Company Policies

Having a sound compensation strategy is a great way to avoid this kind of press that Disney is getting. 

https://www.latimes.com/business/hollywood/la-fi-ct-disney-gender-pay-lawsuit-20190403-story.html

Rick Maher

CEO

Turning Point H...

We are fortunate that each day we get to talk to business owners and business leaders. All the time, whether they know it or not, they are talking, hinting and living their HR philosophy. Our job is to understand where they stand and how best to advise and execute their strategy. So here are the 3 philosophies we see every day.

1. "Keep Me In Compliance and Out of Jail HR" -This company wants only what is mandatory and necessary.

2. "Keeping Up With The Jones' HR"- If you don't do these things you will not b...

Think about these three things, especially if your company is not growing as fast as you want it too:

1. Human Resources impacts every part of your P&L
2. Small HR improvements can increase profits
3. Small HR mistakes can devastate the bottom line

Choose your HR Philosophy to support your goals:

a. Keep ahead of the competition
b. Keeping up with the competition
c. Keep me in compliance and out of legal trouble

Rick Maher

CEO

Turning Point HCM

TurningPointHCM.com

The Federal Department of Labor just released its draft rules on the proposed new minimum annual salary for employees who are exempt from the overtime requirements of the Fair Labor Standards Act (FLSA). Under the proposed changes, the minimum annual salary for overtime exempt employees would increase from its current level of $23,660 to $35,308. 

In addition, the proposed rule would:

  • Increase the total annual compensation requirement for “highly compensated employees” (HCE) from the currently-enforced l...

For everyone's protection train your people, educate them on company policies, have good procedures that you enforce. FOR GOODNESS SAKE, if anyone is doing any of this stuff, please stop!

https://www.cnbc.com/2019/03/06/celebrity-chef-mario-batali-surrenders-all-of-his-restaurants.html

Rick Maher

CEO

Turning Point HCM

TurningPointHCM.com

Meet Albert Hakim of Kensignton Company. He is a Certified Merger and Acquisition Advisor. He will be speaking at an event we are hosting on April 3, 2019.

CLICK TO REGISTER

About Our Speaker:

Albert is an Entrepreneur with 25 years of experience across different business segments. He has owned retail business, wholesale & distribution, web-based businesses and spent time in the corporate world as head of sales at a publicly traded company and a business consultant. He is uniquely qualified to assist in all a...

Audit Basics

100+ participants

Employers with 100 or more employees who are eligible to participate at the beginning of a year are required to have their plan audited.

Independent Auditor

If required to be audited, the employer must find an independent, qualified auditor to perform the audit.

Deadline

The regulatory deadline to complete the audit is July 31st, which can be extended to October 15th.

Compliance

All aspects of the plan will be tested to be sure operations are in compliance with the plan documents and...

A Function of Philosophy, Budget and Data

Often leaders of businesses look at their compensation packages and they realize there is no strategy. They chose the pay packages for their team without a philosophy, without truly understanding the budget and they never looked at data. The decision was “just made” to satisfy an immediate need.

Great compensation strategies are the direct result of a great philosophy on how the business is run, with laser focus on long-term budgets and access to statistically signif...

We have re-branded our website and our suite of services. Click on the picture above to check it out. Thanks for all your support and please let us know if we can help you or the business you represent.

Rick Maher

CEO

Turning Point HCM

TurningPointHCM.com

These three words can save and improve some situations and in others they can be the cause of tragedy. Unfortunately, when it comes to HR we are seeing these 3 words cause great damage to businesses. 

When a business does not understand all of its HR Risks, there is a possibility of devastating problems which can destroy the bottom-line of many businesses.

Skepticism- "Why do we need to understand the Risk? We have never had a problem before."

Reaction- "I doubt that HR problem would happen here."

Inertia...

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