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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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May 01, 2008
Survey: 3 of 4 Employees Stressed over Finances
A new survey reports that nearly three out of four U.S. workers are stressed due to financial concerns and that nearly half (45 percent) report that their financial stress impedes their productivity at work. The survey also indicates that many workers would like to have financial counseling available through their employers.

Workplace Options (WPO), a provider of work-life benefits, sponsored the survey of 749 workers. WPO notes that workers who are stressed over finances have a harder time doing their jobs properly and more apt to experience burn-out and reduced morale.

It also reported that employee calls to its "WPO Advantage Financial Assist" help desk have increased 41 percent from first quarter 2007 to first quarter 2008.

"This increase echoes the survey results that employees are more and more stressed over financial concerns," Dean Debnam, chief executive officer of WPO, said in a press release. "More than half of the workers polled feel it's important for companies to offer financial consulting services for their employees, yet only about a quarter of their employers currently offer these services."

WPO (workplaceoptions.com) suggests that employees facing stress over finances should:

  • Set and write down specific goals to identify what they need to do in order to achieve stability
  • Compare monthly earnings to monthly spending habits and establish a spending plan that will save more money;
  • Reduce debt by living more moderately, quitting a vice (i.e., smoking), or taking a second job
  • Educate themselves by understanding their finances and being aware of the resources available to help get them on the right financial path

      For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
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Top 100 FLSA Overtime Q&As
   
   
 
 
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