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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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November 07, 2006
Most Small Firms Expect to Add Staff, Increase Compensation

Seventy percent of executives at small businesses expect to add employees in 2007, and 59 percent expect to increases employee compensation, according to a survey by Administaff.

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!

Only 5 percent of respondents expect a drop-off in their workforce in 2007. A third of respondents plan to maintain their current compensation levels in 2007. Sixty-four percent expect to pay more overtime.

"We are seeing business owners express optimism as their companies continue to grow," says Paul J. Sarvadi, Administaff chairman and chief executive officer. "That kind of confidence helps keep the economy moving ahead."

The firm also released third-quarter compensation data compiled from its client base of more than 5,000 small and medium-sized businesses throughout the country.

"The outlook is bright in the small business community," Sarvadi says. "Average compensation is up 7.1 percent in 2006 versus a 5.8 percent increase for 2005, bonuses are up 12 percent and commissions--an indication of the sales pipeline for our client base--are up 5.2 percent."

Executives cited "hiring the right people" as a top issue for 2007. A majority--67 percent--said they will increase their efforts to retain employees next year.

To retain employees, most said they planned to review and take steps to improve compensation, incentives, bonuses, and commissions. Others said they would strengthen their benefits packages.

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Top 100 FLSA Overtime Q&As
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