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June 2016 L-Blast: Compensation Peer Group: Getting It Right! | Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees Under the Fair Labor Standards Act | Longnecker & Associates Opens Dallas Office and Announces New Director

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Dear Friends,
It’s hard to believe we are almost in July. Before we know it, the kids will be heading back to school,
and we will be planning for budgets as well for the next fiscal year.

In this L-Blast, we have a great original L&A article for you that discusses compensation peer groups and how to create them correctly. Arguably one of corporate America’s toughest issues, we dig into five peer company factors that are considered the most important: size, industry, competition for talent, performance and geography.

The second article is from the U.S. Department of Labor on the final ruling of overtime. The Final Rule focuses primarily on updating the salary and compensation levels needed for executive, administrative and professional workers to be exempt. This is very important information to look at that is effective on December 1, 2016. If you need any guidance regarding this issues, please reach out to us at L&A.

As always, we appreciate each and every one of you. Again, if there is a particular subject you’d like
to learn more about, please let us know.
 
 
Sincerely,
Brent_Signature_white

Brent Longnecker and the L&A Team
Chairman and CEO
Longnecker & Associates
 


Compensation Peer Group: Getting It Right!

Choosing the right executive compensation peer company has become a hotly debated issue in the board room. Companies use peer groups to assess and maintain competitive compensation levels, identify potential competitors, assess relative performance and defend compensation decisions.
 
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Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees Under the Fair Labor Standards Act.

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation.
 
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Longnecker & Associates Opens Dallas Office and Announces New Director.

Longnecker & Associates, a strategic compensation and corporate governance consulting firm based in Houston, announced the opening of its new Dallas office spearheaded by a director, Liz Mayo, who recently joined the firm.
 
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Longnecker & Associates Appoints New Director and Manager.

Longnecker & Associates, a strategic compensation and corporate governance consulting firm based in Houston, announced exciting internal growth. The company recently promoted Ian Keas and Cameron Boswell to director and manager, respectively.
 
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