As 2016 comes to a close, it’s helpful to look ahead to the year-end financial tasks that January brings. If Clarity supports you with financial services, it is likely your representative has been gathering and entering this information into your system throughout the year. If, however, you have been in charge of your data, then this list should be a helpful guide for you to check your current information:
Read MoreA federal district court Judge has granted a Nationwide preliminary injunctionagainst the much-discussed new FLSA overtime rules, just eight days before they were scheduled to come into effect.
Many employers have already raised salaries or informed exempt employees that they would receive a pay increase to more than $47,476, effective December 1. Other employers have informed exempt employees whose salaries are under the threshold that they will now be considered hourly employees and eligible for overtime.
For the time being, employers no longer have an obligation under the FLSA to make such changes to pay practices. However, from an employee morale perspective, it could be very difficult for employers that have announced a raise to renege on that promise. Employers who have informed employees of changes and now plan to rescind those changes as a result of the preliminary injunction should seek legal advice.
For 'Up to the Minute' HR news on this issue over the coming days and weeks, visit The Society for Human Resource Management.
In May 2016, the Department of Labor released its final ruling on a monumental revision to the Overtime Exemption Regulations of the Fair Labor Standards Act (FLSA.) These rules come into effect on December 1, 2016. This article has been created to provide a quick reference to the rules and terms, a summary of the changes, and a resource for employers to ensure their ongoing compliance.
Exempt employees, because of the type of work that they do and their rate of pay, are not eligible for overtime pay for hours worked in excess of 40 hours in one work week. Non-exempt employees must be paid at least time and a half for any hours worked in excess of 40 in a work week. This rule is not new. The changes that have been made are regarding the minimum rate of pay for an exempt employee.
The end of the year is a critical time for most nonprofit organizations; on a national average, 50% of donations are received in the final three months of the year. What’s more, nearly one third of gifts are made in the month of December! Many nonprofits begin planning and executing their year-end campaigns in September, or earlier—but if this isn’t you, don’t despair! There’s still time to create a meaningful final push to help you close your year on budget and start the New Year strong.
Here is a curated compilation of best practices, hints, and reminders, shared by some of the best nonprofit resources around, (links at the end of the article). They will help you pull together a terrific year-end campaign, even if you’re starting late. And remember, Clarity can help you pull together a great fundraising plan for 2017! Contact us to learn more.
Read MoreFriends,
Clarity is celebrating our 10th Anniversary this year!
Some of you we had the privilege of seeing in person at our Birthday Celebration / Chamber Mixer on October 11--thank you so much for attending. It was a joy to have you. We hope you enjoyed visiting the new office location, and getting a chance to connect with our other fabulous clients and community members. If you weren't able to attend, please stop in and say 'hi' sometime soon!
As I pause to reflect on our ten years in business and look toward the future, I’d like to take a moment to reiterate a couple of thoughts.
I so appreciate our staff--they are stellar group of professionals who put our clients first. It has been an honor to collaborate with this growing team of people who bring great skills, thoughtful analysis, creative ideas, and vibrant personalities to our work. I especially want to thank Pam Nebel, who’s been with me every step of the way.
I also want to thank our clients. Of course, you are the reason we do this work, and the reason we get to do this work. We have had the privilege of serving some of you for a decade now, and many more of you we've have been in partnership with for years. We've had the pleasure of watching you meet your goals, grow, and thrive. Thank you for the work you do in our community – thank you for driving the local economy, providing great jobs, and delivering great products, programs, and services. Your success makes this community healthy, resilient, and vital.
Clarity is your partner in financial health; we very much look forward to helping you grow and flourish over the next ten years.
Best,
Tina
