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December 2016 Federated News

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Key Risk Indicators – Are Yours Leading or Lagging?

Data can reveal a lot more than just profits and losses

Data is everywhere. There aren’t too many day-to-day experiences any more that aren’t somehow linked to data. With the explosion of available data, and the inherent responsibility of using it wisely, how can businesses be sure they focus on the right pieces of data and develop meaningful metrics to use it to measure results? Where do you even start? READ MORE

HR Question of the Month:

Employee Suspensions – When and How?

Question: When and how can suspensions can be used? What, if any, ramifications come with them?

Response: There is no federal or state law in the state where the company operates that prohibits employers from suspending employees as a disciplinary action or while an investigation takes place, as may occur if the employer reasonably determines that it can more fully and fairly investigate a situation in the employee’s absence or where the alleged misconduct is so severe that it would warrant immediate suspension or discharge if the allegations are substantiated. That said and as discussed below, in some cases an UNPAID suspension as to an exempt employee can jeopardize the salary basis that is otherwise required to maintain the exemption status  READ MORE

Family Succession Planning with Trusts

Parents want to see their children and grandchildren succeed. But, if the parents die, will that goal be met? Family succession planning using trusts can effectively help the next generation succeed by properly protecting their assets.  READ MORE

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