Tag Archives: employment

Department of Labor publishes final rule on overtime pay

On May 18, President Barack Obama and Labor Secretary Tom Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations. The final rule focuses primarily on updating the salary and compensation levels needed for executive, administrative and professional workers to be exempt. Specifically, the final rule: Sets the standard salary level at the 40th percentile ...

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RIMTA accepting applications for expanded marine trades summer training programs

The Rhode Island Marine Trades Association (RIMTA) has expanded its summer training programs to give adults, college-age students and local youth the skills and knowledge they need to begin career paths in the marine trades and composites industries. Both industries have a high concentration of activity in Rhode Island, and the state is known worldwide for its boatbuilding and composites ...

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New FLSA rule could impact overtime for exempt employees

If you have salaried employees who regularly work overtime, a new rule coming will affect your business directly. The Labor Department is moving to release its final rule to change the salary-base threshold amounts for exempting workers from overtime pay. After the final Fair Labor Standards Act coverage rule is published, employers will have 60 days to comply. The Office ...

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When employees become friends

A recent commentary column from Tom Gimbel, CEO of the LaSalle Network, caught my eye, as the conflict he addressed seemed one that I thought many marine businesses may be facing. In the column, Gimbel discusses the mistake of holding onto an employee longer than he should have, but with the added complication that this employee had become something of a ...

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National Manufacturing Day inspires the manufacturers of tomorrow

The marine industry will see a large number of its manufacturing professionals retire in the next 10 years, and it is imperative that the industry does whatever it can to ensure it has an employable manufacturing workforce. The issue is not unique to boating; indeed, as the country continues to emphasize bringing manufacturing back to the U.S., many industries are ...

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Economic Snapshot: Pending home sales reach eight-year high

Photo credit to Dan Moyle

We have plenty of great economic news to share ahead of the July 4th weekend, including record numbers in pending home sales, a return to 2014 numbers for the ADP employment report and declines in unemployment. Pending home sales  Pending home sales rose 0.9 percent to 112.6 in May, an increase from the slight downward revision of 111.6 in April. Pending home ...

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ADP: Private employers add 237,000 jobs in June

Private sector employers added 237,000 jobs in June, the biggest increase in six months, ADP reported Wednesday. May's job gains were also revised upward from 201,000 to 203,000 in the latest report, which is jointly developed with Moody's Analytics. "The U.S. job machine remains in high gear," said Mark Zandi, chief economist for Moody's Analytics. "The current robust pace of ...

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