Hourly Workers Gain Right to Stock Options

New legislation signed by President Clinton now allows all workers to receive stock options from employers. The new law ensures that hourly workers can now receive similar stock option benefits that salaried employees have enjoyed for years.

Earlier this year, an advisory letter released by the Labor Department threatened to force employers to count stock options toward the overtime compensation levels of hourly employees. The ruling could have made it impossible for some companies to offer stock option plans.

As more companies gain momentum on creative ways to reward and pay employees stock options will become increasingly important. The new law will enable employers to expand those options to all workers and possibly gain competitive advantage over competitors not offering such benefits

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.