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Comp time vs. overtime – What you need to know

Insperity

FLSA legal definitions. First, it’s helpful to understand some key terms and their legal definitions: Overtime: This is a premium of 1 ½ times the regular rate of pay for any hours in excess of 40 hours in a work week. Following the law is important for obvious reasons, however, there are also intangible benefits.

Legal 203
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Mental health at work: The laws and best practices

Insperity

What are the legal responsibilities for accommodating someone with mental health-related issues? Approximately one in five Americans experiences a mental illness in a given year, according to the National Institute of Mental Health. How should you handle a request for time off due to mental illness?

Legal 240
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You need a data protection policy – Here’s the basics

Insperity

The legal liability for data breaches and failure to comply with data privacy laws can incur prohibitive costs, including fines and penalties. If there is no IT department, consider hiring an IT security firm or consultant to assess the company’s computer network and address security weaknesses to prevent a future data breach.

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3 Smart Money Moves to Make Before Starting a Business

Success

Borrowing from a bank can be costly due to interest rates and down payments. Investors generally seek ownership, so though you might save on interest versus a loan from a bank, you might also have to give up some profits and control. You should consult your own tax, legal, and accounting advisors.

Finance 138
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3 Steps to Take Before Going Into Business for Yourself

Success

Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank. These apps connect to your bank account and credit card, making it easier to track your expenses. You should consult your own tax, legal and accounting advisors. Create a plan. All investing involves risk.

Insurance 128
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How to address employee pay in your inclement weather policy

Insperity

A retail bank, with operating hours of Monday through Friday, 8 a.m. Still, there are many legal requirements an employer needs to be aware of when it comes to paying non-exempt and exempt employees during a weather event. Your unique business operations will drive what’s needed in your inclement weather policy. Using paid time off.

Payroll 177
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4 Smart Money Moves to Plan for Financial Security

Success

A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. You should consult your own tax, legal, and accounting advisors. All investing involves risk.

Planning 131