Having trouble sourcing new hires for your agency? Think veterans! We're not speaking of veterans of the insurance industry, we're talking about military veterans. As we approach Veteran's Day weekend, it's something to consider. There's a huge labor pool, service members have developed valuable job experience and work values, and hiring a qualified vet might bring an additional benefit in the form of a financial incentive.
Agency principals wear many hats, but probably none are more important than that of leading the agency team: setting the vision and the goals, and inspiring people daily. Business leadership guru Ken Blanchard says "Great managers aren't born, they're trained." How often do you have a refresher course to hone and refresh your leadership skills? We offer two Ken Blanchard anecdotes highlighting the importance of your role as leader.
As we approach tax season, that old Benjamin Franklin saying comes to mind: "In this world, nothing can be said to be certain, except death and taxes." Franklin identified two things we'd rather not think about. We are nudged into thinking about taxes every year, but we'd all prefer not to think about our own demise. And if the recent survey on agency perpetuation plans is to be credited, more than half of all agency owners avoid thinking about the possibility of their own demise because they do not have succession plans in place.
Human Resource directors everywhere were braced for a major change in overtime rules that would have affected millions of workers nationwide by increasing the pay threshold to qualify for overtime from $23,660 to $47,476. The change was scheduled to go in effect on December 1, but in an eleventh hour reprieve for employers, a federal judge in Texas issued a nationwide injunction.
A new overtime rule that will significantly change when you must pay overtime goes into effect on December 1 of this year. The Department of Labor recently announced that the exempt salary threshold will increase to $47,476 a year, more than twice the current salary threshold of $23,660.