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 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.