Is Your Company Culture Hurting Your Employees’ Health?

Working hard and putting in long hours is often touted as a sure-fire way to get ahead and be successful, but it’s also bad for your health. A recent study published in the U.K. medical journal The Lancet found people who work more than 55 hours a week have a 33 percent higher risk of suffering a stroke than those working 35 to 40 hours a week. In addition, working long hours may be associated with a higher risk of coronary heart disease. With this information, companies with cultures that reward success at any cost or simply sitting at a desk for long hours may want to reconsider their approach. A culture that combines a drive for productivity with a balanced approach to work and life could also result in healthier employees — which could mean lower health care costs. It also could mean lower turnover. High voluntary turnover is …

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Could The New DOL Overtime Rule Cost You Your Job?

DOL Overtime Rule

While the financial world continues to acquaint itself with the Department Of Labor’s (DOL) Fiduciary rule, and the impact it will have on the industry, another DOL ruling is looming just around the corner.  Effective December 1, 2016 an estimated 4.2 million employees will become eligible for overtime compensation.  The new DOL overtime regulation will raise the current overtime rate for employees from $455 a week, to $913. That means employers will have to pay overtime compensation to any employee making less than $47,476 annually ($913 weekly). To account for wage growth, these numbers will be updated every 3 years.  For many this is welcome news. Since the Fair Labor Standards Act in 1975, 60% of salaried workers in the U.S. were eligible for overtime. Over the years inflation and regulatory changes have weakened the rules in place, and today only about 7% of salaried workers receive overtime compensation. According to DOL Secretary, Tom Perez, this new …

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