There are lots of ways for an organization to run afoul of the Fair Labor Standards Act (FLSA). The news in HR circles has, for years, contained regular news stories about FLSA lawsuits and the frequently massive payouts/settlements the offending organizations were made to pay to make their wronged employees whole. What follows are the Top 10 most expensive FLSA lawsuits of 2017. Reading this list, of household name brands drives home just how pervasive the challenges are for companies of all sizes when it comes to driving compliance. Particularly with regard to overtime pay. First, go ahead and read the list.
Feb 22, 2018 9:33:06 AM
Oct 30, 2017 3:04:33 PM
Neither ghouls, goblins or ghosts strike as much fear into the hearts of workforce management practitioners as does the specter of a costly worker misclassification audit by the IRS, DOL or state. We have all read the gruesome tales of multi-million-dollar judgments against FedEx, Microsoft, Uber and other top-tier businesses. But this is a problem that can haunt mid-market organizations just as frighteningly as the big guys. State after state has recently announced the deployment of new efforts to rein in rampant IC misclassification abuses and improved linkages/information sharing with the feds. Here are some of the latest.
Jun 9, 2017 10:38:50 AM
In 2015 and 2016, the healthcare industry saw an unprecedented spike in mergers and acquisitions. With ever-tightening profit margins, healthcare companies are consolidating to gain greater economies of scale and increase purchasing power. So far this year, the record-breaking trend has continued with high profile mergers between large organizations like Baptist Memorial Healthcare and Mississippi Baptist Health, which merged to create one of the county’s largest nonprofits. Cardinal Health bought Medtronic’s Patient Care, Deep Vein Thrombosis and nutritional insufficiency businesses for $2.1 billion. OptumCare acquired Surgical Care Affiliates for an eye-popping $2.3 billion. While all this healthcare M&A activity may be good for the bottom line, it also opens the door to risks that could put these savings and efficiencies at considerable risk.
May 9, 2017 11:21:22 AM
Growth in the utilization of temporary labor in manufacturing comes with a corresponding increase in risk for audit by the Department of Labor. Is your plant at risk for a DOL audit? If so, what can you do to protect your organization?
Apr 3, 2017 12:02:04 PM
Recognition, in all of its forms, is critical to creating a strong corporate culture and sense of team chemistry within an organization. There are many different approaches to recognition – from formal corporation-wide programs – to individual conversations between a manager and employee. To follow are study results that reveal the important role that recognition plays in corporate culture along with some strategies to get you started.
Mar 27, 2017 4:29:26 PM
Millennials are one of the largest demographic segments in the US labor pool today and the millennial demographic is ultimately overtaking Baby Boomers. A sound hiring strategy will ultimately help you best understand how to recruit and retain the millennial workforce.
Mar 23, 2017 12:17:44 PM
Years ago, navigating whether or not a worker could be classified as a 1099 contractor was your only concern. No doubt, it’s an important question. The IRS, DOL, and other state and local agencies have investigated and fined companies for violating these rules. Keeping on the straight and narrow path with 1099 status is no longer enough.
Mar 9, 2017 3:46:23 PM
In 2016, the nextSource blog produced a two-part series to help organizations come to terms with the requirements and impacts of the Affordable Care Act (ACA). You can review those posts here ACA Part I and here Part II. With these perspectives refreshed in your mind, continue reading below for Part III of the series. This past week, Congress has finally released details on the possible replacement plan for ACA - otherwise known as Obamacare. While we acknowledge that no one yet knows if these first promised replacement details will stick, nextSource offers the following suggestions for staying flexible and resilient.