1. HRMCOMPLIANCEHow do we operate efficiently in today's Labor Market. There are several factors , for now we will focus on. Labor Costs and Trends Establishing Employee Rights Keeping profits from going to legal costs and fines. How you ask?
2. By knowing your obligations to your Labor force and Staying up to date with Federal Labor Costs, Regulations. 1. Understanding the economy is the first step to knowing where we stand .How are we measuring up with the latest Trends. The latest numbers as of September 4,2009 Consumer Price Index (CPI) = unchanged in July 2009 Unemployment Rate = 9.4% in July 2009 Payroll Employment = -247,000(p) in July 2009 Average Hourly Wage = +$0.03(p) in July 2009 Producer Price Index = -0.9%(p) in July 2009 Employment Cost Index = +0.4% in 1st Qtr 2009 Productivity = +6.6% in 1st Qtr 2009 U.S. Import Price Index = -0.7% in July 2009
3. 2.Employee Rights When is overtime due? When must breaks and meal periods be given? How are vacation pay, sick pay, and holiday pay computed and when are they due? What is the minimum wage? An employee is injured who pays for their leave? How do we offer medical insurance that carries value for our Employees and protects us.
4. 3.The answer is Federal Compliance , and taking advantage of free resources. Compliance Assistance Disability Resources Employment Law Advisors Equal Employment Opportunity Health Plans & Benefits Hiring Labor Relations Leave Benefits Retirement Plans, Benefits Rulemaking Language Resources Statistics Termination Training Unemployment Insurance Wages Work Hours Workers' Compensation Workplace Safety & Health Youth & Labor
5. Where you ask? The United States Department of Labor WWW.DOL.GOV
6. Interstate and Global Trade Agreements drastically change the way we conduct business, and interact with our Labor Force Stay informed! Register your E-mail with the US. DEPT. OF LABOR to receive real world change as it is passed by the House of Representatives , and Congress. Also Visit and register with your States Dept. of Labor Sight to navigate through State specific compliance.@ http://www.state.me.us/labor/
