The motto “a fair day's pay for a fair day’s work” has existed since the time of Franklin D. Roosevelt and has been applied to many labor situations throughout history.
The Obama Administration and Department of Labor (DOL) currently use the motto to underscore various initiatives—initiatives designed to give millions of Americans a pay raise. With the DOL's recent final ruling that implements an increase in the salary level needed to classify an employee as exempt under the Fair Labor Standards Act (FLSA), several questions were raised for employers: What are some things you need to prepare for, from reclassification of employees to restructuring compensation systems to budgeting? What other initiatives could affect how or what amount you pay your employees?
The Cleveland/Bradley Chamber of Commerce will present a short program at no cost on Wednesday, Aug. 24, at 8:30 a.m. to address these questions. Karen Smith, member, Miller & Martin PLLC, will help Chamber members understand the new ruling and the impact on how they run their businesses, along with overtime implications for classified employees and their compensation. For more information and to register, click here.
Cleveland, Tenn., has become the fastest metro area for job growth in the past year, according to the U.S. Bureau of Labor Statistics (BSL).
As previously reported, Cleveland led the nation from February 2015 to February 2016 in the share of new jobs added. The over-the-year percentage change in total nonfarm employment for metropolitan areas was 4.2 percent.
The BSL observed that employment in metropolitan Cleveland, which includes Bradley and Polk counties, jumped by 9.3 percent over 12 months, adding 4,968 jobs in the two-county area. Among the nation’s 387 metropolitan areas, no other U.S. city added a bigger share of new jobs.
“We have a strong labor market,” says Doug Berry, vice president for economic development at the Chamber of Commerce. “These kinds of numbers continued to hold in following months as well—no. 25 in March and no. 17 in April. We’ve had a number of new retail, hotel and industrial expansions, as well as continued improvement in construction and development.”
Berry also noted that the opening of WACKER POLYSILICON North America, the state’s biggest new private investment at $2.5 billion, added more than 600 jobs, and Amazon increased its distribution facility in Bradley County from 800 to 1,144 jobs.
Metro Cleveland lost more than 7,000 jobs from 2006 to 2010 before regaining all of those jobs in 2015 and adding another 3,000 net new jobs by February 2016. Total employment in February was at an all-time high of 57,253 jobs.
According to Berry, total nonfarm employment numbers in metro Cleveland remain steady, even in midsummer 2016, and he anticipates a strong market to continue throughout the year.
Nestled in the heart of the Ocoee Region in Southeast Tennessee lies Cleveland/Bradley County, Tennessee. Here a small-city feeling mixes with progressive business, excellent medical, educational and cultural facilities, and thriving industry to create an ideal place to live, work, raise a family and even retire. The community offers a seasonal climate, major transportation advantages, a diversified economy, traditional family values and a natural playground set against a picturesque backdrop. What more could you want?