New Laws Further Restrict An Employer's Use of Criminal Conviction Inquiries on Employment Applications
By Jennifer L. Lippi
Knowing as much as possible about an applicant's background is key to hiring the ideal candidate. In this pursuit, most employers require job applicants to note any criminal convictions on the employment application prior to hire consideration. There are several recent and upcoming laws that severely limit an employer's inquiry into convictions.
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Don't Be Fooled - Minimum Wage Increases Affect More Than Minimum Wage Employees
By Kim Silvers, SPHR-CA
AB 10 increases the California state minimum wage from $8 per hour to $9 per hour effective July 1, 2014. The minimum wage will increase again on January 1, 2016 to $10/hr. Many employers are scurrying to assess the impact of the minimum wage for their non-exempt (hourly) entry level positions. Some employers are not only raising their entry level wages, but looking at the ripple effect (what we call "wage compression" in the compensation world) for other non-exempt employees currently paid at or near the new minimum wage. The law does not require that everyone steps up in hourly pay rates because the lowest rate is increased. However, the costly impact of this internal equity issue is worthy of consideration.
California employers will need to post the new 2014 Minimum Wage poster as well as the Industrial Wage Order for their specific business.
However, this minimum wage change has several other impacts to California exempt employees that many employers have not considered, even if they do not have minimum wage employees.
Click here for the entire article.
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What Are Your Exit Routes?
By Ellwood L. Jones
If you are a business owner, 80% of your estate is not liquid, for some it is closer to 90%. The illiquid asset in your estate is your business. If you were able to turn this asset into cash today, would the proceeds be enough to support the life style you desire? Can the proceeds cover your goals, needs and emergencies? How do you know? How do you plan for retirement?
The planning for your business is not lost on the key-employees. This group of motivated, intelligent, and hardworking people (this is why they are key-employees) wonders what exactly are the business succession plans? Do they stick around and wait? Do they change jobs to ones that appear more secure? If one or more of the key-employee group leaves, how much of an impact will this have on the business value?
There are eight routes for turning the illiquid business asset into cash:
Click here for the entire article.
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