Here are the best articles we found for the month of October:
What is Overtime and How Does it Work?
Managing your employee’s time and overtime is essential for a business owner. It is an overhead cost that could be expensive if not managed effectively. Also, if you are paying overtime continually it may be time to make changes such as hiring additional staff.
The definition of overtime is working time in excess of a standard day or week. The Fair Labor Standards Act (FLSA) requires employers to pay one and one-half times the regular rate for all hours worked over 40 hours in a workweek. They do not require premium pay for daily overtime or when an employee works on a weekend or holiday. Read more here.
Big Businesses That Started as Side Hustles
While people have engaged in some form of “side hustles” for centuries, the practice has gained much more prominence over the last two decades. Since the advent of the Internet, millions of 9-to-5 workers have put their extra time and resources toward making money through side hustles. According to a Bankrate survey, nearly half of full-time workers take part in some form of “side hustle” outside of their traditional job.
These activities can range from starting a fashion blog to working as a freelance delivery driver — and everything in between. When my co-founder Sabine and I pivoted Dormzi from being a service-based network to a marketplace powered by young people, our vision was to help students lean into their side hustles. Read more here.
How to Build a Successful Janitorial Cleaning Service
Starting your own janitorial cleaning service is one of the easiest businesses to start. You can start it as a home-based business and grow it as you receive more jobs and income.
As with any new business, you should research, prepare, and follow the necessary steps to ensure your startup is successful. The more information you have, the best chance it has for survival.
According to the Bureau of Labor Statistics, there were approximately 2.3 million jobs in the janitorial sector as of 2019. It is expected to continue to grow which makes it a good opportunity or business investment. Read more here.
The 6 Best Business Books of 2020
It’s starting to feel like fall across much of the country, which means it’s time for pumpkin spice, cozy sweaters, and thankfully for readers, the announcement of the shortlist for the Financial Times and McKinsey’s annual Best Business Book of the Year award.
As ever, the list offers those interested in business reads a direct route to some of the year’s best and most thought-provoking titles.
“In a year marked by disruption and uncertainty, the judges have selected a shortlist, which addresses critical business issues, from the future of work to the importance of technology, in original, enjoyable, and provocative ways,” commented Roula Khalaf, editor of the FT.
So pick up a couple of them and curl up to enjoy the cooler weather with a book that’s bound to make you think. Read more here.
What You Should Know About Changing Employee Schedules
The Fair Labor Standards Act (FLSA) states that in most cases it allows changing employee schedules for anyone over 16 years of age without prior consent.
Because there is no federal mandate, some cities or states have made laws to better protect employees.
Predictive scheduling is giving out employee schedules ahead of their required work shift and penalizes on-call scheduling. It also includes no schedule changes without advanced notice.
If employers do not follow the laws, high penalties may occur such as fines and additional pay. Employers should keep timekeeping records on every employee. If not, the courts may use employee’s records to make determinations regarding time worked.
You should plan to review your state and local laws. Read more here.
If you missed last month’s link roundup please check it out here.
1 comment