No pressure—it’s only your most important hire ever. How to get it right. The process of hiring a chief operating officer has been written about a lot, but with all the information out there, we beg you not to blindly follow the herd. Every entrepreneur interprets his or her wants and needs differently. Following someone else’s protocol for hiring a COO can go terribly wrong. Make sure you find the…
Your ‘salaried’ employees may soon be eligible for overtime. The U.S. Department of Labor has just announced an increase in the wage threshold amounts for determining whether an employee is exempt (salaried) or nonexempt (hourly and, thus, overtime eligible). The new rules are set to take effect in December and could entitle more than 4.2 million workers to overtime pay. Put simply, more of your employees may now be entitled to…