The Department of Labor Proposes Updated Overtime Rule
The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for white-collar workers under the Fair Labor Standards Act. The rule increases the minimum weekly standard salary level for both regular workers and highly compensated employees (HCEs). It also increases the total annual compensation requirement for HCEs that’s required to qualify […]
How will the new tax law affect fringe benefits?
The Tax Cuts and Jobs Act (TCJA), signed into law last December, contains several provisions that will directly affect the tax strategies employed by dealerships. These include a new flat corporate tax rate, changes to how equipment is depreciated and a new deduction for dealerships structured as pass-through entities. A lot of attention has rightly […]
Physician Compensation Issues. Are You Prepared to Handle them?
Physician compensation is the most sensitive area of discussion within a medical group. Your goal should be to administer and communicate a compensation program that is perceived as fair and equal in relation to the hours worked among the physicians. When this is done well, medical groups see high productivity, a pleasant work culture and […]
Should your nonprofit outsource HR management?
If your not-for-profit has too much work and not enough staff to go around, consider outsourcing your human resources function. It could give your internal team more time to spend on other core duties, mission-driven programs and strategic plans. Benefits and drawbacks Labor-intensive responsibilities such as recruiting, training, benefits planning and administration, compliance monitoring, leave […]
Help your nonprofit’s development and accounting staffs work better together
Communication breakdowns between your not-for-profit’s development and accounting departments can lead to confusion, embarrassment and even financial problems. Here are three tips for facilitating collaboration between these two critical functions: 1. Understand differences Accounting and development typically record their financial information differently, which is why they can produce numbers that vary but are also both […]
Key steps to sustainable, fair physician compensation programs
As the environment surrounding healthcare constantly changes, you are tasked with creating a sustainable, fair physician compensation program that will both benefit your organization and serve as a valuable recruitment tool. Now that more doctors are opting for the secure confines of hospitals and other healthcare facilities as opposed to private practice, you’d like to […]
State of the Industry for Human Resources
What’s important in human resources? According to industry leaders it’s: Strategic leadership, culture is vital, healthcare and training for tomorrow. Throughout the year we gather some of the Columbus Business First’s “People to Know” around one table to talk. We then share the industry leaders’ thoughts regarding the key topics discussed when we brought together these People to […]
4 tips to attract top-tier physicians
The healthcare industry is an ever-evolving field, with increased competition, expectations and demands forcing hospitals to think outside the box about how they recruit and hire new physicians. One of the best ways to ensure high-level talent for your organization is with a quality compensation program. But, achieving this goal isn’t only in the employee […]