Essential Facts about the new DOL Overtime Exemption Rules
by Samantha Yurman, JD,
As published in the Summer 2016 Issue of ACCE Chamber Executive Magazine
In May, the U.S. Department of Labor (DOL) announced the publication of a final rule amending the white collar overtime exemptions to the Fair Labor Standards Act (FLSA). The final rule, increases the threshold salary for the exemption to $913 per week ($47,476 per year), the standard salary level at the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region (currently the South). The new rule also increases the total annual compensation requirement needed to exempt highly-compensated employees (HCEs) to $134,004 per year and established a mechanism for automatically updating the salary and compensation levels every three years to maintain the levels at the above percentiles and to ensure that they continue to provide useful and effective tests for exemption. READ MORE
When you hear the word, what do you think of? If your answer is Steve Jobs, Elon Musk or Google, you’re not alone. In an ever-changing world, innovation is the key to staying ahead of the game. By sitting back and sticking with what may have worked a couple years ago, you’ll quickly find yourself left behind by the people who knew better than to become complacent. Complacency is one trait you won’t find an innovator. They are always looking for ways to improve the way we do things, whether it’s a new product, a new process, or just a better approach altogether.
At Leadercast, we celebrate The Brave Ones who, with unrelenting boldness, dared to challenge the status quo. These people are who have paved the way for life as we know it. Innovation isn’t something that happens by accident. The greatest innovators in history were intentional about the change they wanted to see.
So what exactly does it mean to be an “innovator?” Three things we’ve noticed that separate the innovators from the rest of the world: vision, bravery and accountability. The greatest innovators of our time were unapologetic about their vision because they could see something the rest of us couldn’t. They were usually their own toughest critics and were constantly evaluating how they could do better. One of the most nerve-wracking things you can possibly do is put your life’s passion out there to be subject to the criticism of the world. Instead of worrying about the “what if’s,” they had the courage to put it all on the line. And we are thankful they did.
Additionally, it’s important to know that an innovator isn’t someone who never fails; it’s someone who has probably failed time and time again, but refuses to accept defeat. Take Steve Jobs for example, he was actually fired from Apple in 1985. He admitted in his famous 2005 Stanford speech that it was a very public failure, but without that event, he probably wouldn’t have gone on to be as successful as he was.
If there is one thing you can always count on, it’s that things will change. If you’re not on the front end of that change, you must at least be ready to embrace it. Read more about innovation in our free report or hear it first hand from innovators around the world on Leadercast Now.
Advocate Good Shepherd Hospital Presented with Prestigious Lantern Award from the Emergency Nurses Association
Barrington, Ill – Advocate Good Shepherd Hospital has been recognized for its commitment to exceptional patient care as a recipient of the Emergency Nurses Association Lantern Award. The award recognizes a select group of emergency departments that exemplify exceptional practice and innovative performance in the core areas of leadership, practice, education, advocacy and research. All emergency departments are eligible to apply for the Lantern Award, but those selected must meet the highest excellence standards. The Good Shepherd Hospital ED is only one of 11 hospital EDs nationwide to receive the Lantern Award this year.
Inaugural Servant Award Goes to Local Business Woman
Crystal Lake, IL, May 28th 2015—The Inaugural Tom Stock Servant Leadership Award was presented to Katie Van Diggelen, owner of Achieve Footwear and New Balance Crystal Lake, at the Crystal Lake Chamber of Commerce 75th Annual Dinner Party. The annual dinner is designed to celebrate the history, leadership and success of local businesses leaders. Men and women who dedicate their time to improving their communities.
Such a man that embodied those values was the late Tom Stock, passing at 55 years of age. Tom was as dedicated a man as they come, having spent his entire working career at Northwestern Mutual and his personal life with his one love of 30 years, Julie. Religious education, Salvation Army bell ringing, serving on zoning boards, raising funds and volunteering with the Crystal Lake Chamber of Commerce are just a few of the many ways Tom served his local communities. A person that touched more lives than he likely realized.
So too is our award winner Katie. Citied at the event was Katie’s volunteering in the community and helping tirelessly in charity work for; Girls on the Run, Babe Ruth, seniors, veterans, students, park districts, com-munity harvest, raffles, expos, party in the plaza and local library reading programs, as well as a dedicated presence in the Crystal Lake Chamber of Commerce. Much like Tom, Katie literally does too much to adequately represent the time and energy put into their local communities and all the individuals they help.
If this short write up reaches you and you are someone that is either already dedicating your energy, time or money for a good cause or are a person looking to get involved, then please reach out to Katie and her staff (815) 444.7239, the Crystal Lake Chamber of Commerce (815) 459.1300 or you may follow the wishes of the family and direct memorials to the Tom Stock Educational Fund at Chase Bank 1000 S. Algonquin Road, Algonquin.
Please feel free to contact us with ideas or ways we can partner for your Fundraisers or Charities!
New Balance Crystal Lake