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9 Facts About Florida’s Minimum Wage for 2018

On October 13, 2017, the Florida Department of Economic Opportunity (DEO) released information about a new minimum wage rise which will come into effect on January 1, 2018.

– Florida employees working for minimum wage can expect to see a pay bump from the current $8.10 per hour to $8.25 per hour, making this wage rise a 2% increase. Employees working full-time for that amount will earn $17,160 per annum, or $330 a week.

– The minimum wage increase is related to the DEO’s requirement to comply with Florida law to annually revisit the minimum wage rate and adjust it according to the Consumer Price Index for Urban Wage Earners and Clerical Workers in the South Region.

– The Federal minimum wage will likely remain at $7.25 for the foreseeable future, but employers in the Florida region are obligated by law to pay their non-exempt workers the hourly state minimum of $8.25 after January 1, 2018.

– The increased hourly rate will also impact the calculation of overtime compensation to which a Florida employee is entitled.

– The law further requires that employers place a minimum wage notice in an accessible and conspicuous location wherever there are employees earning minimum wage. This requirement is in addition to the need for posting notices of the federal minimum wage.

– Employers who employ minimum wage earners who receive tips and are eligible for a tip credit under the Fair Labor Standards Act (FLSA), may apply credit to satisfy the minimum wage level up to the allowable FLSA tip credit (which equates to $3.02).

– Employers must still pay tipped employees a wage as directed by the minimum wage standard, minus the tip credits. Tipped employees, as of the 2018 minimum wage rise, will earn $5.23, per hour, a which equates to a 0.15c increase per hour.

– Employers who take tip credits against minimum wage must also provide notice to the tipped employee about the number of cash wages the employer is paying the tipped employee, and the amount the employer is claiming as tip credits.

– Tip credits should not exceed the number of tips received, and the employee retains all tips wherever a valid tip pool exists. Tip credits may not apply to any tipped employee, unless the employer has informed them of the above conditions.

5 Tips To Overcome Procrastination

Many of us instinctively find ways to avoid the boring, frustrating, and stressful tasks we are accosted with every day. According to Piers Steel, author of The Procrastination Equation [*1], 95% of us have openly admitted to procrastinating at some point. With those sorts of numbers, you can only wonder about the integrity of the remaining 5 percent, who most likely haven’t been entirely honest with their answers.

If you examine the consequences of procrastination, the logic for putting off important tasks flies out the window. It just doesn’t make sense to disappoint bosses or clients by missing deadlines, failing a critical grade paper, or getting the power cut off because of late bill payments.

There are many documented reasons for procrastination. Anxiety and self-confidence feature heavily in many discussions, with fear of failure leading to avoidance issues and procrastinators often gravitating towards more stress-relieving activities.

Avoiding unpleasant and boring tasks is another popular reason that always leads to the inevitable Christmas rush, or late nights cramming for an exam. Now that you have a good idea about why humans spend so much time procrastinating here are a few tips on how to overcome this debilitating human condition.

1. Think Differently

Instead of thinking about how boring a task is, turn it into a challenge. If you’re dreading writing that sales report for your boss, create a more interesting challenge for yourself. See how many words you can churn out in a 15-minute increment. In the next 15-minute block, try to beat your previous record.

2. Break it Down

If you’ve got an important test coming up but dread the inevitable long hours of study, ask yourself what’s the maximum amount of time you think you could spend continuously hitting the books. You’ll resist starting if you think about how boring 3 hours of study is gong to be, but what about 30 minutes? Find the period of time you are most amenable to dedicating towards the task, and then do it.

3. Start

If you’ve been staring at a blank document for over an hour get a word down, any word. The page won’t be blank anymore, and the creative juices will start to flow.

4. Total up the Costs

If you’re afraid to get started, you should spend five minutes tallying up the cost of what it will cost you not to do what’s required. If it means annoying your boss, failing an exam, or never retiring because you failed to start on your savings program, then you may just scare yourself enough into getting started.

5. Turn off the Distractions

If you’re faced with yet another tedious spreadsheet analysis and find your attention wavering between Facebook, YouTube, and texting your friends then turn off the phone, or put it in another room.

If the allure of the web is your Kryptonite, then turn off the WiFi. If that’s not enough, use an app like Freedom [*2] to block all forms of access to social media. Freedom works on almost everything, from smartphones to PCs, so your technology no longer has the ability to distract you from what’s important.

About the Book
https://freedom.to/

Improving The Way You Invest Before Thanksgiving!

Holidays are traditionally a busy period, but they can also present opportunities for the savvy entrepreneur to realize bigger returns. Timing is everything, however, as investors will need to get in as low on the upswing as possible to enjoy the best gains. Here, you can learn some important information for the modern American entrepreneur to save and invest money in a short period of time.

Two of the strongest days for the equity markets are the day before and the day after Thanksgiving. Since 1950, the S&P index has experienced an uptick 68.18 percent of the time, with the average gain holding at 0.71 percent.

E-commerce sales are growing steadily, and are taking a bigger bite out of bricks and mortar shopping year after year. In 2015 online sales accounted for 34 percent of holiday shopping, in 2016 the numbers were at 36 percent. Investors looking for easy gains can certainly take advantage of the shopping frenzy phenomenon occurring every year around the Thanksgiving holiday.

Thanksgiving is important to many industries, such as transport, and the food industries, but traditionally it holds little sway over the stock market results in general. It’s the day after, Black Friday, which holds the most clout. Analysts keep a close eye on the retail spending activity that occurs on this day, as it can determine the financial fate of retailers, big and small.

For many retailers, Black Friday can make or break their year, as many depend on the volume of sales on this day to push their ledgers into the black.

It’s also a special day for investors, as Black Friday always shows lots of promise for improving returns. Hold on to your retail merchandiser stocks for now, but be prepared to move on Black Friday to realize some juicy profits.

Also, hold on to U.S. Equities and equity exchange-traded funds as probability indicates that prices will nudge higher just before, and just after the Thanksgiving holiday.

Transportation also sees a huge upswing in business, as the US enters the gift-giving season and packages start to criss-cross the country by the millions. FedEx, and United Parcel Service are well worth a look for getting in before the rush.

The gloom and doom of 2008 hit the leisure industry particularly hard, but improvements have been seen since then. People have become more willing to open up their wallets to pay for a few of life’s little luxuries, and are willing to travel to do it.

Holidays have always been the travel industries most active months and the cruise industry, in general, is starting to see some upward momentum.

It may feel like the holiday season is some way off, but time has a bad habit of passing by unnoticed and the holidays will be upon us before we know it. Now is the time to start preparing your portfolio, so you are in a good position to take advantage of any upward movements.

Tips Every Employer Should Follow This Halloween

This Halloween, don’t scare your employees away. Increase their job experience instead! The hiring process can be a real drain on resources. Not only does it take time, but there’s no guarantee your new employee won’t leave after you have gone to great expense training them. They’ve gained some excellent work experience, but have more than likely left your company in a very tight spot while they take their new-found skills to another employer.

The solution, then, is to ensure your employees never have a reason to leave, and every reason to stay. While life’s too complicated to expect every employee to stay with your company for the entire duration of their career, it’s not unreasonable to assume at least a few years of service before they move on.

Maintaining a high level of morale is not always about the size of the pay packet, as there are many other variables which go into producing an enjoyable and rewarding work environment.  It should be emphasized here that happy and content employees directly correlates to positive customer experiences.

We’ve gathered together a few tips you can use to ensure your employees look forward to clocking on every day and enjoy the time they spend as a valued employee of your business.

Get Regular Employee Feedback

Regularly surveying employees using one of the aptly named pulse survey tools, helps a company keep abreast of work-life balance issues and employee performance challenges. A pulse survey tool is a fast and frequent survey system which does away with complicated questions. This method allows the survey to be completed weekly, and provide a quick insight into the emotional health of the company.

In the past, the strategy for many companies was to take care of shareholders first, customers second, and put their employees’ needs on the backburner. It turns out that taking care of employees needs first results in a more positive customer experience. By taking care of employees and ensuring they maintain a high level of job satisfaction, the benefits cascade up the line to cover the needs of everybody associated with the business – customers, employees, and shareholders alike.

Provide Options for Optimal Work-Life Balance

Never forget that your employees have a life outside of work that is important to them. A steady work-life environment can help to keep everyone happy and stable. When life happens, the chances are high that an employee’s work will be affected, even if they have no intention of letting it do so. Loved ones pass, divorces happen, and kids can go through all manner of drama and often need their parents at odd hours.

It’s important to engage with employees at a personal level and cut them some slack when they are going through a difficult time in their personal life. If extended time off is not an option, try reworking their schedule, so they have at least some leeway to work through their challenges. Employers who work with their employees through challenging life events will be rewarded with loyalty and a worker who makes rational decisions about their career and choice of employer.

Match Employee Goals with Corporate Purpose

In the early days of a start-up, when there are fewer employees, it’s more common for employees’ career goals to be in line with the corporate purpose. As more employees enter into the fold, however, matching their career vision with the company’s goals becomes more difficult. It’s essential for a company to have defined goals, and to also communicate those goals from the top down, to create a cohesive business culture which shares similar values, vision, and the expected behaviors of employees. This well-defined structure highlights the company culture and provides direction for employees to help them progress the company towards that vision and be proud that they are an essential part of it.

It’s not easy to keep all employees happy all of the time. By communicating with and connecting with employees at a personal level, helping with their work-life balance, and regularly communicating the company vision, you will be more successful at retaining your skilled workers for a longer duration.

6 Deadly Sins For Entrepreneurs

The word “entrepreneur” conjures up different images for different people; bold, clever, gutsy, reckless. To the entrepreneurial spirit, a life spent in the 9 to 5 may as well be a life spent in shackles.

Entrepreneurs want, need to experience all the highs that life has to offer, and aren’t afraid to plow their way through the down times to get to them. Tell the entrepreneur that 9 out of 10 businesses fail, and they will get to work building ten businesses – just to revel in that one success; to them, a failure is nothing more than a learning experience.

Building a successful business is about taking a chance. The trick is to know the difference between taking a chance and pure recklessness. The same gutsy attitude that carries many entrepreneurs to the top can also bring them crashing down if enthusiasm isn’t tempered with a little wisdom along the way.

Many of life’s harder lessons can be avoided if you take the time to learn from the failure of others. Get your idea off to a flying start by staying away from these six deadly sins many fledgeling entrepreneurs make before they learn to fly.

1. Have a Great Product Without a Market Strategy

Just because you have an idea for a great product does not mean customers are going to be knocking down your doors to get to it. They need to hear about it first. From the very first germ of an idea, start work on fine-tuning the details of your marketing and distribution strategy. Only when you have all the pieces in place should you launch your business.

2. Trusting in Yourself Too Much

Sure, self-confidence can carry you a long way, but no one person can take care of all the necessary details of the modern small business. Know your weak spots, and then take steps to shore them up by surrounding yourself with those who specialize in those areas.

3. Don’t Lose Focus

One bright idea often leads to another before the first even gets off the ground. While the enthusiasm is running high, you feel invincible and think you can keep everything up in the air. Most end up losing focus, however, and everything soon comes crashing down.

Give 100% attention to your current objective. Taking on more will only extend you to a breaking point, and something will eventually have to give.

4. Moderate Your Passion

Passion is the driving force behind many businesses, but lots of success happens outside the realms of our passion.The point we’re trying to make is there is no sense in blindly pursuing your passion when you could be seeing more success in some other rapidly growing trend or industry.

5. Stay Professional

Many new entrepreneurs want to be friends with everybody, it’s only natural, they’re still human after all. So, they make the mistake of forming bonds with employees and clients and start hanging out at clubs, and bars, and popping over for a barbecue. This behavior is an excellent way to make new friends, but it can also rapidly bring your business to a grinding halt.

Keep it professional, and be the business person they can look up to, rather than just another buddy with which to hang out.

6. Don’t Avoid Confrontation

Confrontations are unpleasant, but sometimes they are a necessary component to getting things done. If you don’t deal with awkward situations today, they could come back to destroy your business tomorrow.