In The News
The InterOrganization Network (ION), a national nonprofit organization dedicated to increasing representation of women on for-profit boards and in executive suites, has entered into a strategic partnership with Pax World Management LLC, a recognized leader in Sustainable Investing. ION President Charlotte Laurent-Ottomane has been appointed to the Pax Women's Advisory Council and Pax World President and CEO Joe Keefe has joined ION's Advisory Council. (read more)
Northern Trust Corporation, a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide, appointed Wilson Leech as CEO for its Europe Middle East and Africa (EMEA) region, based in London. Leech, who was previously head of Northern Trust's Global Fund Services group, succeeds Biff Bowman who will assume the position of head of Americas for the Corporate & Institutional Services upon the retirement of 33-year Northern Trust veteran, Lee Selander at the end of November.
GTSI Corp. provides a Technology Lifecycle Management (TLM) approach to IT infrastructure solutions delivered through industry-leading professional and financial services. GTSI employs a proactive, strategic methodology that streamlines technology lifecycle management, from initial assessment to acquisition, implementation, refresh, and disposal. TLM allows customers to implement solutions quickly and cost-effectively. GTSI's certified engineers and project managers leverage strategic partnerships with technology innovators. Third quarter results for 2010 show Sales up 13%, Operating Expenses down 14%, Net Income up 55%. (read more)
In-Depth
New 2011 Minimum Wage Rates
There are ten states in which the minimum wage rate is adjusted annually based on the Consumer Price Index (CPI). Effective January 1, 2011, the minimum wage rates for the states with increases in the basic wage rate based on CPI figures are as follows:
$7.35 per hour Arizona –Increase 10 cents.
$7.36 per hour Colorado –Proposed 12-cent increase ($4.34 per hour for tipped employees).
$7.25 in 2011 Florida –Remaining the same ($4.23 per hour for tipped employees), but employers are required to post the updated 2011 minimum wage notice.
$7.35 per hour Montana –Increase 10 cents.
$7.40 per hour Ohio –Increase 10 cents ($3.70 per hour for tipped employees).
$8.50 per hour Oregon –Increase 10 cents.
$8.15 per hour Vermont –Increase 9 cents ($3.95 per hour for tipped employees).
$8.67 per hour Washington State –Increase 12 cents.
$9.92 per hour City of San Francisco –Increase 13 cents.
Compliance Poster Company (CPC) advises employers to be aware of the upcoming changes in state minimum wage rates and the changes to mandatory state minimum wage notices that employers are required to post, whether or not their employees are paid minimum wage. To assist employers in complying with the new requirements, CPC's updated All-On-One posters will include the new minimum wage notices of all eight states, and the City of San Francisco, that have announced increases in the minimum wage.
A Matter of Opinion
"I believe that on many issues, gridlock is the most likely outcome of the 2010 elections. But - not on all issues. Targeted policies to help create new jobs and strengthen the economy have the potential to win bipartisan support. For example, Republicans and Democrats might find common ground on a temporary payroll tax holiday for workers. Earlier this year, Congress approved and President Obama signed into law the HIRE Act - an employer payroll tax holiday for hiring people who have been unemployed for sixty or more days. Republicans and Democrats might be able to agree on extending the HIRE Act for one year and complementing it with an employee payroll tax holiday."
Jim O'Connell's latest post
Human Resources Legislation Blog
Washington insider Jim O'Connell blogs about upcoming legislation, policy changes, employment law and compliance issues that may affect employers including health care reform, employee benefits, FLSA and more. O'Connell has more than 30 years of experience in federal legislative and regulatory affairs, Jim O'Connell focuses on HR and payroll policy issues, keeping HR stakeholders informed about fast-changing and complex compliance regulations and workforce trends.
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