There are several keys to retaining top talent. Hint: discussing compensation is one of them. This does not mean breaking your budget in the hopes of preserving the top talent at your business. This week, we take a look at the ways you can retain your top talent without handing out lavish salaries every year.
Posts Tagged: Wage
Minimum Wage Increase and Resulting Salary Increase to Maintain Exempt-Employee Status (AB 10) The California minimum wage will increase to $9.00 per hour, effective July 1, 2014, and to $10.00 per hour effective January 1, 2016. A less-advertised consequence of this increase, however, is the impact it will have on the salary test for preserving… Read more »
Here are some of the new key employment laws that employers will see starting in January 2013 (unless another effective date is indicated below): Commission Pay Agreements — AB 1396 Any employers (based in or outside of California) with California-based employees who are paid on a commission-basis must have a written agreement with those… Read more »
We have some changes in employment law for 2013. I have put together the highlights of the changes. Employers are going to need to update their policies and procedures. Wage and Hour: Compensation Agreements: California law generally requires the payment of overtime to nonexempt employees for hours worked over 8 in a day, 40 in a… Read more »