Monday, July 21st, 2008

Wage & Hour: Minimum Wage Increase

This Thursday, July 24th, right in the middle of most employers’ workweek, the federal minimum wage will rise from $5.85/hr. to $6.55/hr.   The federal rate will rise again, one year later, to $7.25/hr., at which point it will exceed the Alaska state minimum rate.
The minimum wage for employers covered by the Alaska Wage and Hour Act remains […]

Monday, July 21st, 2008

Wage & Hour: Externships & Internships

Paul Gowder at Uncommon Priors has a good reminder post on the wage and hour implications of employer-sponsored internships or externships, and whether the interns/externs are entitled to wages.  He links to a 2006 FLSA opinion letter about university-sponsored externships.
H/T: Workplace Professor

Monday, July 21st, 2008

Researching Non-Profit Employers

Non-profit employers with IRC 501(c)(3) status must file annual Form 990 reports.  The reports provide substantial financial data, including the compensation paid to officers, directors, and the five most-highly paid employees who aren’t officers or directors.
The 990 forms are available free, on-line.  Try the Foundation Center, or Guidestar (free reg’n req’d).