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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

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Jury Duty Leave Requirements

Jury Duty Leave Requirements

January 4, 2020
Federal law imposes the following jury duty leave requirements on all employers: Employers are prohibited from discharging, threatening to discharge, intimidating, or coercing any permanent employee because of the employee's jury service in a federal court. Under the Fair Labor Standards Act (FLSA), employers cannot make deductions for absence of an exempt employee due to…
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IRS Announces Employee Benefit Plan Limits for 2020

IRS Announces Employee Benefit Plan Limits for 2020

December 1, 2019
Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2020. Although some of the limits will remain the same, most of the limits will increase for…
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The Cost of Employee Turnover

The Cost of Employee Turnover

November 3, 2019
High turnover rates can be incredibly costly to an organization, making employee retention vital to success. While established employees can offer valuable insights based on their experiences in the organization, when they leave the organization they take all of that experience with them, forcing resources to be used on finding and training a replacement. The…
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puts businesses at risk

Status quo workplace culture puts businesses at risk

August 11, 2019
We are experiencing the longest economic expansion in recent history. Springfield’s economy is also strong with unemployment of less than 3%, according to the U.S. Bureau of Labor Statistics. These factors, plus others, are creating a competition for talent many businesses have never experienced. If your business doesn’t have a robust plan for attracting and…
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Avoiding a Gender Pay Gap

How can I detect and avoid a gender pay gap in my business?

August 1, 2019
Q: How can I detect and avoid a gender pay gap in my business? A: Nationwide women are paid approximately 80% of what men are paid; 78% in Missouri. Employers can take steps to avoid perpetuating this gap. First, establish a compensation structure including salary ranges for positions; remove inquiries about prior salary from your…
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Employees Want More Money

Employees Want More Money, and It’s Making Them Quit

July 20, 2019
What’s the main driver keeping employees with your business? Company culture? Career mobility? If you ask your employees, they’ll probably say it’s their paycheck. That’s according to a PayScale survey that found pay to be the strongest motivator for quitting. Of over 38,000 individuals surveyed, 25% said more compensation was their motivation for quitting, while…
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Best Practices for Performance Reviews

Performance Reviews: Best Practices

July 5, 2019
Performance Management is an important part of a company’s quality assurance and employee engagement strategies. Many companies formally evaluate an employee’s performance and progress after an initial introductory period and then again on an annual or semi-annual basis. Although performance evaluations can improve productivity and employee morale, many employers do not make them a high…
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Best Practices for Conducting Workplace Investigations

Best Practices for Conducting Workplace Investigations

June 23, 2019
Workplace investigations are crucial when it comes to establishing a safe and welcoming work environment. However, these investigations are often complex and can involve navigating sensitive topics and disputes. More than ever before, companies face irreversible reputational damage and negative publicity if they mishandle workplace investigations. There are many reasons HR professionals may have to…
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Exemption Rule Changes: Here We Go Again

Exemption Rule Changes: Here We Go Again!

May 26, 2019
You may recall the U.S. Department of Labor proposed changes to the white-collar exemption rule in 2015 that had employers scrambling to implement the proposed increase to the minimum salary requirement for exempt workers. That proposal was blocked by a federal court in Texas in late 2016. However, there were benefits from that exercise. Many…
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Human Resources - 6 HR Trends to Monitor in 2019

6 HR Trends to Monitor in 2019

April 28, 2019
A new year brings new issues for HR professionals to contend with. Some challenges are similar to previous years (overtime uncertainty), while others are more unique and complicated (legal marijuana and employment). Despite inherent difficulties, staying tuned in to these six trends can keep you ahead of the game in 2019. Ignoring them will only…
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