With a fast-growing small business, compliance is just one of many things on your to-do list, behind hiring, improving operations, and fine-tuning your products. Here’s a quick checklist of some major federal laws you’ll need to tackle at different employee thresholds in your growth. 1+ Employee Fair Labor Standards Act (FLSA), via DoL Employers must […]
Hiring is hard. Do you give candidates a test? Do you ask about their experience, or pose theoretical situations to see how they think them through? These questions are hard enough for recruiters to answer, but even more of a mystery for managers and team members. While there’s no perfect formula, when it comes to finding […]
No matter what industry you’re in, hiring mistakes cost a lot of money—about 20% of an employee’s salary, or $6,000-$15,000 for an average worker. For specialized or senior employees, replacement costs can be astronomically higher. But anyone who has ever dismissed a bad hire knows the financial cost is just the tip of the iceberg. […]
While you’ve had your head down taking care of business, the presses have been busy printing off the freshest business books on every topic imaginable, from the perspective of fellow entrepreneurs, journalists, academics, and beyond. Our collected list of 2016’s best business books compiles 19,064 pages of implement-now tactics and stories to inspire and help […]
How well do you know the Fair Labor Standards Act? Created in 1938, complying with the FLSA is complex, with highly-specific exemptions aplenty. Take our FLSA challenge to see if you can properly determine which jobs receive overtime and minimum wage, and those that shouldn’t.
Two common misconceptions in paying out overtime to employees is that both 1) “white collar” office workers and 2) any salaried employee with a manager title is automatically exempt from receiving overtime. This confusion has led to its fair share of pricey legal fees and penalties, so, we’d like to sort through once and for […]