THE ADVISOR: Keeping You Informed November 2016 Issue

United States Department of Labor “Final Rule”
Exempt Employees working over 40 hours a week goes into effect on December 1, 2016.  New salaries and overtime rules goes into effective for employers with Exempt Employees making less than $913 per week or $47,476 annually.  For additional information and guidelines for employers visit:
United States Department of Labor


48 Percent of People Traded Their Passwords for Candy From Strangers
Have you heard about this study from the University of Luxembourg? A pair of
psychologists from the school-armed with nothing more than University of Luxembourg bags and a large supply of chocolates-convinced nearly half of those who received the candy to turn over their personal passwords.

The psychologists did so to study what effects that giving a small gift-in this case, the  chocolate-would have on achieving compliance. Gift-giving is one tactic that falls under the umbrella term “social engineering,” and it’s a tool that has been gaining more popularity among hackers.  Read More…


Is Your Building Receiving Credits for It’s Sprinkler System?
According to the Insurance Services Office, Inc. (ISO), a majority of buildings with an automatic fire sprinkler system are not receiving full credit and some aren’t receiving credit at all. Discounts range from 10%-60% depending on the insurance provider. ISO can be missing information they need to conduct a full evaluation of the sprinkler system. Taking a proactive approach and being prepared with the correct information makes the process easier and gives you maximum potential to receive full credit on your insurance. ISO can be contacted by your insurance company to conduct a full inspection and develop accurate insurance credit. Inspections should be conducted annually. Read More….


Concentration Difficult In Open-Plan Offices
While open-plan offices are meant to encourage collaboration and contribute to a collegial workplace culture, the threats to productivity and worker peace of mind caused by open-plan layouts are greater than most companies realize, according to the findings of a survey conducted by Oxford Economics.  Read More…


Paid Time Off Banks Gain Ground on Traditional Paid Leave Systems
While most employers continue to offer paid time off to employees, the percentage of companies that provide workers with banks that combine different types of paid leave is growing, while the share of organizations that offer traditional paid time off arrangements is declining, the results of a survey recently conducted by nonprofit human resources association WorldatWork indicate. Read More….


 Protect the MVP from a Disability Disaster
You may be your business’s most valuable player (MVP), and proper measures should be taken to protect both your income and the livelihood of your business in the event you suffer a disability. To qualify for Social Security disability benefits, you must be severely disabled, and even then, you will have to wait at least six months for payments to begin. Social Security disability was not intended to be an individual’s sole source of disability income; thus benefits are often less than what you might need to cover your regular living expenses.
Read More….