BASIC

BASIC | November 11, 2016

A change in the rules governing overtime has been coming for two years, with a sneak preview of proposed modifications last year. But on May 18, the Department of Labor (DOL) came out with its new final rules, which take effect on December 1, 2016. The rules will significantly raise the salary level used to determine whether employees are eligible for overtime and will affect more than 4 million salaried employees, according to the DOL....

BASIC | November 09, 2016

The deadline for the Department of Labor’s (DOL’s) new final overtime rule is scheduled to be December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize firms haven’t been as quick to react.Current Overtime Rule The Fair Labor Standards Act (FLSA) is the federal law that controls overtime pay. It requires employers to pay employees 1.5 times their regular pay rate for overtime above 4...

| June 09, 2016

The top management from ICICI Bank including managing director Chanda Kochhar have received a an average of 15% hike in their basic salary for the fiscal year ended March 2016 even as they decided to forgo their bonuses for the year....

Zenger Folkman | July 31, 2014

LEARN FROM THOSE MISTAKES When it comes to communication, no matter how well we develop our listening and speaking skills, like Bregman, we may fail to avoid the pitfalls of difficult conversations. The challenging situations in which we will find ourselves are just too numerous to always know what to do. I once miscommunicated information to a job candidate and wound up having two individuals thinking they had gotten the job—not a good situation. Human resources helped concoct a strategy ...