ABA senior staff, together with incoming Texas Bankers Association President and CEO Jim Purcell, met with staff from the Office of Management and Budget and Department of Labor on Wednesday to reiterate strong concerns about the DoL’s proposed overtime rule, which raises the overtime pay exemption threshold from $23,660 to $50,440.
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The first of six regulatory agencies voted today to re-propose the executive compensation rule mandated by the Dodd-Frank Act.
Converting an employee from exempt to nonexempt status is never easy. But reclassifications will be inevitable in almost every organization.
For many community bankers, outsourcing of back-office functions is a critical strategic tool that doesn’t compromise the customer experience.
On Jan. 29, 2016, in conjunction with the seventh anniversary of passage of the Lilly Ledbetter Act, the Equal Employment Opportunity Commission announced proposed revisions to the EEO-1 report.
Solid internal training programs can strengthen your bank and give it a competitive edge.
While banks face a looming shortage of trust officers in the coming years, a mix of recruiting, grooming, networking and politicking will go a long way to close the gap.
When implementing a “universal banker” model, make sure employees believe in it too.
The year-to-year changes in the average compensation for various job positions offer clear evidence of recent trends in the financial institutions industry.
There has been a significant amount of confusion of late about the applicability of recent federal contractor executive orders, particularly the latest one concerning paid leave. The applicability of each executive prder must be analyzed individually because each stems from one or more different laws with differing definitions of “federal contractor.”