Date/Time:
This audio conference was recorded on Thursday - May 28, 2009
|
Credits: |
| This program has been approved for 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI’s criteria to be pre-approved for recertification. |
 |
Description:
In this challenging economy, employers have been increasingly forced to rise to the occasion and come up with new ways to cut costs – while still maintaining economic viability both now and in the future, when the economy gets back on track. Layoffs are a drastic solution that can leave you high and dry, especially when you’re looking to resume growth.
More and more employers have been turning to mandatory furloughs – requiring employees to take time off without pay. Is this something you should consider?
Furloughs allow you to cut costs while still maintaining your roster of talent. When things start looking brighter, you can just invite your stars to come back to work. But there are some complex wage/hour implications to consider. You won’t save any money (or employee goodwill) if you botch the process, destroy your employees’ exempt status, and owe a bunch of overtime and back pay.
Order this in-depth audio conference recording all about how and when you can utilize furloughs to the benefit of both your business and your employees – while staying on the right side of the law.
Speaker(s):
Lawrence McGoldrick, Esq., is of counsel in the Atlanta office of Fisher & Phillips, LLP. Representing and advising management since 1983, McGoldrick has practiced in virtually all areas of labor and employment law. He has successfully litigated cases at the trial and appellate levels, and he now concentrates his practice in the areas of government investigations, legal compliance audits, and counseling employers on how to handle or prevent problems in the workplace.
McGoldrick has special expertise in the areas of wage and hour law, employee compensation plans, laws regulating background investigations of applicants and employees, and laws addressing employer obligations toward ill, injured, or disabled employees. He has conducted audits for national, regional, and local employers to improve their compliance with wage and hour laws, especially compliance with exempt/nonexempt employee classification requirements and other hotly litigated wage and hour issues.
McGoldrick has also worked on behalf of clients and persuaded U.S. Department of Labor officials in Washington to issue formal opinion letter rulings in favor of certain wage and hour practices of the clients, thus providing the clients a statutory defense against future litigation over those practices.
You and your colleagues will learn:
Whether furloughs could be a good idea for your business – and how to decide if you should take the plunge
How furloughs work in practice, for both exempt and non-exempt employees
The best way to present a furlough program to your employees
The implications for vacation time/PTO, 401(k) plans, and overtime you need to consider
What you need to know about the FLSA’s salary basis rules for exempt employees
The pros and cons of mandatory vs. voluntary furloughs
