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April HR Hot Topics: Important Announcements that will Impact Employers Potentially Coming in April
Welcome to April's edition of HR Hot Topics! Join host Jodi Schafer as we celebrate the 11-year anniversary of her ownership of HRM Services and dive into the latest updates and proposed rule changes impacting employers. This month, we’re keeping an eye on the expected release of the final rule on the earning threshold for salary employees at the federal level from the Department of Labor, as well as some Michigan-related updates regarding state house elections and potential Supreme Court rules related to minimum wage and paid leave. With any rule changes, employers must also remember to update their labor law posters and Jodi shares resources to make that process easier. Whether you're an HR professional or a leader in a small to medium-sized company, this episode is packed with updates to help you navigate the ever-changing HR and employment law landscape.
Timestamps:
• 0:04 - Introduction to April's HR Hot Topics
• 0:25 - Overview of this month's updates
• 0:43 - Department of Labor's expected rule changes on the exemption earning threshold
• 3:48 - Michigan House of Representatives elections
• 5:12 - Anticipated Michigan Supreme Court decision on minimum wage and paid leave
• 7:10 - Resource for updated employment law posters
• 9:05 - Announcements on HRM leadership training and future sessions
Topics Covered:
• Proposed federal increase in earning threshold for exempt employees
• Election for two open House seats in Michigan and its potential implications
• Michigan Supreme Court decision on minimum wage and paid leave time
• The importance of keeping employment law posters up-to-date
• Upcoming in-person leadership training sessions and seminars
Links & Resources: To access detailed analysis, compliance guides, and additional resources, join our email list at https://workwithhrm.com/email_list/. Exclusive content and updates are provided to our subscribers. Contact Information: For further questions, contact Jodi directly at HRMS@workwithhrm.com.
HR Hot Topics - March, 2024: Appealing to 'Unretired' Older Workers
Join Jodi Schafer in this month's episode of HR Hot Topics as she delves into a novel approach to the labor shortage crisis—unretirement. This focuses on creative strategies for re-engaging retirees in the workforce. Using recent labor statistics, personal anecdotes, and actionable strategies, Jodi shows how employers can attract older workers by appealing to their experience and motivation. Click on this video to learn how to making your workplace attractive to this valuable demographic.
Time Stamps & Topics Covered:
• 0:04 - Introduction to March's HR Hot Topics
• 0:13 - Overview of labor shortages and the addition of 8.3 million jobs by 2031
• 1:04 - Previous strategies discussed: retention, technology, AI, and building talent pipelines
• 1:28 - Introducing unretirement: what it means and its impact
• 2:04 - The surprising statistic: 66% of retirees consider returning to work
• 2:09 - Why retirees want to return: Beyond financial reasons
• 2:36 - Shift in motivators post age 60: From compensation to meaningful work
• 3:13 - Baby boomers' influence and their non-traditional approach to retirement
• 4:02 - Personal examples of unretirement in action
• 5:53 - What unretired workers are looking for: meaningful work, flexibility, and more
• 7:49 - Importance of training and targeted benefits for older workers
• 8:49 - Strategies for appealing to and retaining unretired workers
• 9:07 - Marketing jobs to older workers: Where to post and language to use
• 10:33 - Considerations for workplace accessibility and inclusivity
Conclusion:
By integrating retired professionals back into the workforce, businesses can leverage their vast experience and dedication, addressing labor shortages in a mutually beneficial way. For more insights on how to attract and retain this skilled demographic, don't miss this.
Links & Resources: To access detailed analysis, compliance guides, and additional resources, join our email list at https://workwithhrm.com/email_list/. Exclusive content and updates are provided to our subscribers.
Contact Information: For further questions, connect with Jodi directly at Jodischafer@workwithhrm.com.
HR Hot Topics - February, 2024: DOL Updates Independent Contractor Rule
Welcome to the February edition of HR Hot Topics! In this episode, host Jodi Schafer provides an update on the Department of Labor's recent reinterpretation of the independent contractor rule. Effective March 11th, six factors will be considered for determining if someone can be categorized as an independent contractor, as opposed to a W-2 employee. This reinterpretation will pose significant challenges and considerations for employers, especially in the gig economy and creative industries. Join us for an informative discussion on these changes, strategies for compliance, and the implications for businesses. For more insights and resources, check the links below. Questions? Reach out to Jodi at Jodischafer@workwithhrm.com.
Time Stamps & Topics Covered:
00:10 | Introduction to New Independent Contractor Rules
01:10 | Overview of Changes from 2021 to Present
02:11 | Detailed Explanation of the Six New Criteria
03:37 | Impact on Gig Economy and Creative Services
04:59 | Implications for Employers and Advice on Contracts
06:10 | Importance of Contracts and Attorney Consultation
07:07 | Potential Narrowing of Independent Contractor Category
Topics Covered:
Recent updates from the Department of Labor
Six key factors for independent contractors
Challenges for employers and the gig economy
Implications of the new rule for various industries
Strategies for navigating compliance and legal considerations
Links & Resources: To access additional resources, join our email list at https://workwithhrm.com/email_list/. Exclusive content and updates are provided to our subscribers.
Contact Information: For further questions, connect with Jodi directly at Jodischafer@workwithhrm.com.
HR Hot Topics – January, 2024: Benefit To-Do's in New Plan Year
Welcome to HR Hot Topics January 2024! Join Jodi Schafer and HRM's newest team member, Gin Gibson, an expert in employee benefits, as they delve into important HR subjects.
Timestamps & Topics:
[00:10] Introduction to the episode and Gin Gibson
[01:45] Gin's background in benefits and certifications
[03:11] Focus areas post-open enrollment
[04:28] Essential documents for employee distribution: Summary of Benefits and Coverage
[06:20] Women's Health and Cancer Rights Act Notice discussion
[08:02] January invoicing checks and the importance of accuracy in premium changes
[10:42] Reviewing employee pay stubs for correct premium deductions
[11:22] Utilizing carriers' marketing materials for employee education
[12:23] Availability for employee queries and the importance of communication
Gin brings her extensive experience in benefits management, including compliance, employee and employer perspectives, and federal regulations like ERISA. This episode focuses on the crucial tasks HR professionals should undertake post-open enrollment, from ensuring correct benefit document distribution to managing insurance invoices effectively. Gin also shares insights on how to maximize employee benefit strategies. Perfect for HR professionals and aspiring leaders in small and medium-sized companies, this episode is a treasure trove of practical advice and compliance guidelines. Don't forget to join our email list and check out the linked resources mentioned in the video for further details!
RECENT BLOG POSTS
- Adapting to Change: Navigating Proposed Exempt Employee Regulations and Their Business Impactby Will on April 10, 2024 at 10:01 am
Introduction April may not only bring showers, but also a new rule that will impact employers in Michigan and beyond. The federal Department of Labor (DOL) is on the cusp of finalizing rules that could dramatically alter the landscape of employee compensation and classification. This blog delves into the specifics of these proposed The post Adapting to Change: Navigating Proposed Exempt Employee Regulations and Their Business Impact appeared first on HRM Services.
- The Unretirement Movement: A New Approach to Talent Acquisitionby Will on March 12, 2024 at 1:36 pm
Introduction: In the face of ongoing labor shortages, businesses are in dire need of innovative solutions. One such underutilized strategy is engaging with the “unretirement” workforce—retirees willing or considering a return to professional life. This blog post, inspired by the March edition of HR Hot Topics with Jodi Schafer, delves into the concept of The post The Unretirement Movement: A New Approach to Talent Acquisition appeared first on HRM Services.
- The Department of Labor’s Revised Independent Contractor Ruleby Will on February 13, 2024 at 4:16 pm
The Department of Labor (DOL) has recently finalized a new rule regarding independent contractors, which may significantly alter the landscape for employers. With an effective date of March 11th, these changes reintroduce additional criteria for determining independent contractor status. Understanding the DOL Changes: Previously, the DOL’s focus was on two main criteria: The post The Department of Labor’s Revised Independent Contractor Rule appeared first on HRM Services.
- Meet Gin Gibson: Our New Benefits Maestro at HRM Servicesby Will on January 9, 2024 at 9:07 pm
We are thrilled to introduce Gin Gibson, the newest addition to our HRM Services team! With her extensive background in benefits management, Gin is a Certified Employee Benefit Specialist and a licensed health insurance counselor in Michigan. She brings a wealth of knowledge about benefits compliance, including ERISA regulations, and a practical approach to employee The post Meet Gin Gibson: Our New Benefits Maestro at HRM Services appeared first on HRM Services.
- Navigating the Evolving Landscape of HR Policies: A 2023 Year-End Reviewby Will on December 8, 2023 at 8:10 pm
As 2023 draws to a close, it’s crucial for HR professionals to reflect on the changes and challenges we’ve faced throughout the year. In this edition of HR Hot Topics, I’ll be diving into a vital, albeit less glamorous, aspect of our field: the evolution of employee handbooks and the impact of recent National Labor The post Navigating the Evolving Landscape of HR Policies: A 2023 Year-End Review appeared first on HRM Services.
- HR Hot Topics – November, 2023: Strategic Use of AI in the Workplace: Balancing Innovation with Ethical Practicesby Will on November 13, 2023 at 3:05 pm
The rapid ascent of AI has been nothing short of revolutionary, prompting an essential dialogue on its integration into our company policies and practices. With the issuance of a new Executive Order from President Biden on October 30th, the regulatory framework is catching up, demanding a proactive approach to AI ethical and safety standards. The The post HR Hot Topics – November, 2023: Strategic Use of AI in the Workplace: Balancing Innovation with Ethical Practices appeared first on HRM Services.