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Webinar Highlights: Adapting to DOL's New Salary Thresholds by July 2024 On May 23, 2024, we hosted an enlightening webinar titled "Adapting to DOL's New Salary Thresholds by July 2024," led by esteemed compliance advisor Margie Faulk. We are excited to share a special 14-minute excerpt from a 90 minute essential session, packed with essential insights and strategies to navigate the upcoming changes in salary thresholds. 🔹 What’s Inside? >A detailed discussion on the two-phase implementation of salary updates. >Insights on the impact of these changes on employers and employees alike. >Practical strategies to ensure your business remains compliant and prepared. This segment is invaluable for HR professionals, business leaders, and anyone interested in effective compliance and employee management under the new Department of Labor regulations. 👉 Looking for Comprehensive Coverage? Visit our website [https://lnkd.in/gbY2sQ5c] for full access to the entire webinar and additional resources. Equip yourself to excel under the new salary threshold regulations. 💼 We Want to Hear from You How is your organization preparing for the new DOL salary thresholds? Join the discussion below and share your experiences or questions! #HRCompliance #LaborLaw #Webinar #BusinessLeadership #HumanResources #WorkplaceCompliance #EmploymentLaw #HRManagement #ComplianceTraining #SalaryThresholds #DOLUpdates #ProfessionalDevelopment #WorkforceManagement #HRProfessionals

If employees are leaving your company at an unusual rate, there’s likely an issue within your organization. This can be costly: Acquiring a new employee to replace someone can cost anything from one-half to two times the role’s annual salary, and that’s just a conservative estimate! Learn how #talentassessments can help. #turnover

What’s amazing in my business is how many clients choose to hire fast and fire slow. 🤔 The sage business advice we’ve all heard time and time again to “hire slow and fire fast” seems to go in one ear and out of the other. 👂➡️👂 BUT WHY I ASK? When making important hires do we feel compelled to RUSH to hire? There are many reasons clients RUSH the hiring process like Auston Matthews 🏒 to 60 goals. Here are the most common. ❌ The stress of a deadline or the work not getting done has gotten to you and you cave in. ❌ Your gut tells you this candidate is the one. Your gut can be an excellent indicator BUT can overtake your brain and common sense when we are stressed and need to make this urgent hire. ❌ The competition for talent is so hot you are afraid to lose a candidate who is interviewing and your gut says is the one. That’s a double whammy! 🆘 ❌ You’ve recently lost an employee who is resigning in 2 weeks or less and the urgency to hire is now code red. ❌ You are missing the skills to assess specialized talent (AI, Performance Marketing, Data Scientists, Machine Learning developers etc.) and make bad hiring decisions that will cost your productivity and culture. What we know is there is a significant cost to mishiring. You will be far better off to slow down the hiring train 🚂 to make better hiring decisions. Hiring ‘slower’ will save you time, money and potentially devastating consequences to your culture and business in the long run. See what we have to say about the cost of replacing your mishires below. Any questions on this savoury topic please feel free to comment! Feel free to share the reasons you’ve hired too fast and what the costs were to your company.

I just shared a brief clip from our comprehensive webinar, "Adapting to DOL's New Salary Thresholds by July 2024," hosted on May 23, 2024. Get a snapshot of the crucial updates on salary thresholds. 👉 For the full 90-minute discussion and more resources, visit our website: [https://lnkd.in/eCNXYSbt] #HRCompliance #LaborLaw #BusinessLeadership #HumanResources

Are you review ready?   With the end of financial year approaching, many organisations begin conducting employee reviews. Are you prepared? This is the perfect opportunity to address any issues, raise concerns, or discuss a potential salary increase.   If you need assistance in preparing for your review, reach out to Dee Clarke or Anna Pernice for a confidential discussion. #EOFY #reviewready #procurementprofessionals

Attention Australian business owners! 💸 Are you struggling to pay salary bills? 🔝 Do you need top-tier talent at half the cost? ✅ We have the solution! Download The Secrets to Outsourcing Success and learn how to cut costs while hiring exceptional talent. Comment "Smart" below to get your FREE guide today! #SmartWorkforceSolutions #OutsourcingSuccess #TopTalent #BusinessGrowth #CostSavings #SWS

Did you know the average cost to replace a terminated employee (i.e. the cost of employee turnover) is about 50 percent of that employee’s annual salary? Connect with me to learn best practices on how to combat this problem! #businessadvisor #employeeturnover #gnapartners

Ways you should ask for a raise... WRONG ANSWERS ONLY! If you're wanting an increase in salary, especially if you feel like it's genuinely warranted, be mindful of how you ask. There is a way to approach it and let us tell ya - these ain't it! #employee #salaryincrease #communication #salarynegotiation #getaraise

Replacing an employee can cost up to 75% of their annual salary! Don't let turnover drain your resources. Learn how to increase retention and create a positive work environment that keeps your team motivated and engaged in our latest blog: https://lnkd.in/ghYngg33 #employeeengagement #retentionstrategies #marketresearch

Is the issue of "employee pay" causing discontent among your team? Are you wondering if a salary increase is necessary and feasible for your organization? Our team can provide you with the necessary data and analysis to make an informed decision that benefits all stakeholders. Let's work together to find a solution that satisfies your employees and aligns with your organization's financial goals. https://alternativehr.com #EmployeeCompensation #DataDrivenDecisions #WinWinSituation