Industry News

DOL Revisits Overtime Rule in Proposal

DOL Revisits Overtime Rule in Proposal 1200 628 Tricore

On March 7, the Department of Labor released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means that the vast majority of employees earning under the threshold would need to be paid overtime. About 1 million workers may find themselves affected by this:…

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Do You Know Your Lookback Period for Payroll Taxes?

Do You Know Your Lookback Period for Payroll Taxes? 1200 628 Tricore

A lookback period is the length of time that the IRS uses to measure the amount of taxes paid by an employer. The lookback period also helps the employer determine its deposit schedule. Payroll Taxes, Filings and Lookback Periods Employers must withhold federal income tax, Social Security tax and Medicare tax from employees’ wages, plus…

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Is Tuition Reimbursement Worth It for Employers?

Is Tuition Reimbursement Worth It for Employers? 1200 628 Tricore

We live in a fast-paced society where people are forever on the go. There’s hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional development is important in a job. Further, the Harvard…

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Salary Discussion

Can Employees Discuss Their Salaries at Work?

Can Employees Discuss Their Salaries at Work? 1200 628 Tricore

At worst, discussing salary at work is akin to opening a Pandora’s box. It can, for example, cause tension between employees, resentment toward management and a hostile work environment. To prevent this outcome, you might consider developing a policy that prohibits employees from discussing their pay with their co-workers. But before you do that, remember…

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Down Payment Assistance

Attract Staff with Down Payment Assistance

Attract Staff with Down Payment Assistance 1200 628 Tricore

There’s a good chance many of your employees, especially younger ones, are saving to buy a home. Is there anything employers can do to help? Very possibly. First, a little background. The home ownership rate for third quarter 2018 is 64.4 percent, a slight increase from 63.9 percent in third quarter 2017. While those figures…

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