Aspen HR

During any acquisition, there are numerous pre-close considerations, from assessing the target company’s financial health to ensuring strategic alignment with the acquiring company. However, one crucial factor that deserves extra attention is the people—not just how they will be compensated and managed, but how they will integrate into their new company after the acquisition. As you begin the #HR and benefits #duediligence process and dive into the target company’s HR policies, people, and workplace culture, keep these key considerations in mind ?? https://lnkd.in/gXHuZwPX #acquisition #SMBs #compliancerisk

Choosing a reliable PEO partner like Aspen HR is vital, and selecting an ESAC-accredited PEO saves you time in performing your due diligence. Verify our accreditation at https://lnkd.in/guDA-z7b and learn about our white-glove PEO solutions by visiting https://aspenhr.com/ #PEO #ESAC #ESACAccredited #professionalemployerorganization ESAC

In a Metlife survey, 66% of employees said they wanted more benefit options. An excellent and cost-effective way to provide employees with more choice and breadth in their benefits is offering voluntary benefits, which are usually employee-paid. Here are a few examples of voluntary benefits your employees may be eager to utilize include. Aspen HR makes it easy to access Fortune 500 caliber benefit plans & administration. There are no limits to what you can offer—medical, dental, vision, life & disability, FSA/HSA, perks, primary doctor concierge, fertility, prescription discounts, and more. Learn more by visiting https://aspenhr.com/ #PEO #employeebenefits #benefits #voluntarybenefits #HR

Join us in welcoming Kaylee Schor to the Aspen HR team as Administrative Support Coordinator! ?? As a recent graduate of Eckerd College with degrees in Psychology and Communications, Kaylee is eager to embark on her career journey and gain valuable experience. #newhire #welcometotheteam

Compliance Update: Judge Blocks DOL Overtime Rule Nationwide?? A federal judge struck down the Department of Labor’s (“DOL”) overtime rule nationwide. The judge halted the DOL's ruling to substantially raise the salary threshold for the white-collar overtime exemptions (Professional, Administrative, and Executive). The court ruled that the DOL exceeded its authority by raising the salary threshold to $43,888 in July and $58,656 on January 1, 2025. The judge not only struck down the second increase to $58,656 set to take effect on January 1, 2025, but also blocked the first increase that took the salary floor to $43,888 in July, and the automatic three-year adjustments, which sets the threshold back to roughly $35,568.?Please note that several states have higher salary thresholds. The DOL may appeal the ruling, but with the incoming change in administration, we cannot predict the chances of an appeal or its success. ? Did you already raise salaries in July 2024? You have several options if you raised employee salaries or converted employees to non-exempt status on July 1, 2024. You may have the legal right to revert the employee compensation structure. However, rolling back the changes now may result in employee discontent.?If you decide to revert employees, please note that several states require advance notice of wage changes. Regardless, we recommend notifying employees in writing before making the change. You may also choose to retain employees at the new level or current non-exempt status because the salary threshold is a minimum level, and employers can always opt to pay exempt employees more. Also, non-exempt status is the default standard for employees. Therefore, you can maintain non-exempt status for reclassified employees. We will continue to monitor the situation. #OvertimeRule #HR #PEO #EmploymentLaw #Employers

Job descriptions are highly recommended for organizations with professional human resources departments. Accurate and carefully crafted job descriptions are essential for attracting and keeping new employees, setting clear performance expectations, and serving as a critical line of defense in many types of employment litigation! Clearly defined job descriptions... ?? Assist with determining whether roles are exempt or non-exempt under federal and state wage and hour laws ?? Help determine reasonable accommodations under federal and state disability laws ?? Help set clear expectations of duties, responsibilities, and expectations for a role. As an employer, this will aid you in performance management and recruitment. Having job descriptions is a best practice and a safeguard to ensure your organization operates efficiently and stays compliant with employment laws. #employmentlaw #hiringtips #PEO #HR #humanresources #HRcompliance

When you acquire a business, you’re not just gaining opportunities to increase market share and grow sales revenue. You’re also inheriting employees, including their needs, concerns, and the various compliance obligations that come with employing them. When you work with a #PEO that helps you conduct HR #duediligence before you close on a purchase, you can look beyond the numbers and take advantage of several opportunities to ensure a more seamless and efficient acquisition process. Discover our top 7 must-know considerations for HR due diligence: https://lnkd.in/g-sDcd35

Join us for the next SVP Dallas NPII Toolkit Series Session on Monday, November 18th, at Noon. We are diving into Year End HR Compliance with a 30-minute session led by Anthony Knight, Assistant General Counsel and HR Consultant for Aspen HR. Perfect for nonprofit professionals, board members, and community leaders, this is your chance to gain actionable insights and enhance your impact. Click the link below and register once to access all Toolkit sessions and resources. https://lnkd.in/gUmnGkQa Take advantage of this valuable opportunity to elevate your organization! #socialinnovation #nonprofit #charity #hr #toolkit #session #education #training

Businesses today are no strangers to annual benefit cost increases, but for small businesses, it can have a staggering effect. According to the National Federation of Independent Business (NFIB), 98% of small businesses worry healthcare costs will become unsustainable within the next five to ten years. Thankfully, there are several steps you can take to manage annual benefit expenses proactively! Reach out to [email protected] or visit https://lnkd.in/gHZHY6yS to discover how we help power your company’s growth with our PEO model and upgrade your employee benefits. #employeebenefits #PEO #HR #proactivebusinesstips #businesstips

Every HR activity your business undertakes, whether it’s hiring, payroll, or another workplace practice, carries some amount of #compliancerisk. Even something as seemingly straightforward as hiring employees in a different state can expose your business to a number of compliance challenges. And if you don’t have much time or HR expertise to manage them, the risk is only amplified. That’s where a #PEO can provide immense value, helping you meet critical legal obligations and avoid the consequences of noncompliance, such as lawsuits, fines, and potential reputational damage. Keep reading to discover more!