DOL’s Increased Salary Test: What Employers Need to Know

Money

For months, employers have been anxiously awaiting the Department of Labor’s (DOL’s) final rule on exemptions from overtime under the Fair Labor Standards Act (FLSA) and wondering whether the DOL would pass the rule as previously proposed or make modifications to its June 2015 proposed rule. Now the wait is finally over and, as anticipated, the DOL’s final rule (which will be published in the Federal Register today) contains some significant changes for employers with salaried workers. Notably, this rule is only one of many new regulations that the President’s Administration pushed through by May 23, 2016 in order to ensure they take effect before President Obama’s term ends in January 2017. Below are several highlights of the final rule change, along with strategies employers should consider before the rule changes take effect. Continue reading this entry

Most Frequently Hacked Industries Now Includes Manufacturing

CyberSecurity

Second only to health care, the manufacturing industry is now one of the most frequently hacked industries (according to IBM’s 2016 Cyber Security Intelligence Index). And more importantly, automotive manufacturing was the top targeted manufacturing sub-industry, accounting for almost 30% of the total attacks against manufacturers in 2015. Security incidents were up a whopping 66% in 2015, from the year prior. So if you’re not already taking your organization’s cybersecurity seriously – you should be, starting now. Continue reading this entry

Presentation Recap: Car Wars

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“A [not so] long time ago in an automotive industry [not] far, far away,” John Murphy, Research Analyst for Merrill Lynch delivered his popular annual “Car Wars” presentation in Detroit on May 10th. This was the 26th year of the report (which began in 1991), which is not quite as old as the 39-year old Star Wars franchise that dates back to 1977. But, for automotive geeks, both remain very interesting.   Continue reading this entry

The Auto Industry Has a New Weapon To Protect Its Secrets

TradeSecrets

President Obama signed the Defend Trade Secrets Act (“DTSA”) into law on Wednesday, May 11, 2016. Members of the auto industry spend significant time and money developing trade secrets that give them a competitive advantage. The DTSA provides the auto industry with a new method to protect its valuable trade secrets. Prior to the DTSA, most trade secret cases were handled by state courts under individual state laws. With the passage of the DTSA, employers can now go into federal court to seek an injunction and/or damages to protect their trade secrets. Continue reading this entry

Expanded Opportunities for Automotive Sales to the Federal Government

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U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) contracting provides commercial contractors with considerable opportunities to sell their products and services to a wide array of federal government customers, as well as some state and local government agencies, on an expedited and streamlined basis. Indeed, government acquisitions through all of GSA MAS contracts total about $50 billion a year, representing 10% of overall federal contract spending. Continue reading this entry